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Market wrapBY AAP | WEDNESDAY, 2 JUL 2014 12:05PM
A rebound in the local banking sector has helped the Australian share market to open higher, after Wall Street stocks surged to new records.Read more: Australand, Wall Street stocks, Economics, ANZ, April, BHP Billiton 68 cents, Commonwealth Bank, Dow Jones Industrial Average, First Pacific, Fortescue Metals, Goodman Fielder, Hong, IG Markets dealer Chris Weston, Mining shares, Mr Weston, National Australia Bank, Rio Tinto, S&P 500, Singapore, Singapore property group Frasers Centrepoint, Stockland, US car sales, Wednesday, Westpac, Wilmar International
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Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
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AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
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Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
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The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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