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05 November 2013 • By Tim Stewart • 1 min read

SIV to boost fund inflows by $1bn: Tria

The significant investor visa (SIV) program is likely to boost net managed fund inflows by about $1 billion a year – but it may prove difficult for ...

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Compliance drives Westpac expenses up

Despite posting a healthy profit of $6.82 billion for the full year to 30 September, Westpac has seen its expenses rise by four per cent. Any ...

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Short-term investing hurts business ethics: ICAA

Institutional investors can help raise the standard of business ethics by focusing less on the short term, according to the Institute of Chartered ...

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Praemium UK boss calls it quits

Portfolio administration provider Praemium has announced the resignation of its UK managing director, effective 31 January 2014. John Martin has ...

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TAL launches new data standards

TAL is the first insurer to roll out new data transfer technology as part of the global ACORD standards as part of the insurer's recent deal with ...

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'Son of Wallis' timeframe questioned

The so-called 'Son of Wallis' inquiry into the financial system may be premature given that financial services professionals are still "coming to ...

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Fund managers guilty of 'groupthink'

Reluctance towards challenging group views is damaging the quality of investment decisions by fund managers, according to Hyperion Asset Management ...

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FOS disputes edge up in third quarter

The number of disputes received by the Financial Ombudsman Service (FOS) increased marginally in the September quarter, but is down five per cent on ...

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Macquarie's financial services profit drops

The banking and financial services arm of Macquarie Group has recorded a net profit of $111 million for the half year ended September 2013, down 10 ...

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Banned Trio director denies wrongdoing

Former Trio Capital director David Millhouse has “denied any wrongdoing” in the company's collapse, despite expressing regret as part of his ...

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