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Market wrapBY AAP | WEDNESDAY, 29 APR 2015 12:30PM
The share market has opened lower as expectations of a delayed cut in interest rates weigh on the major banks.Read more: Coles, National Australia Bank, Ansell, ANZ, Ben Le Brun, BHP Billiton, Coles owner Wesfarmers, Commonwealth Bank, CSL, Economics, Federal Reserve, Fortescue, July, June, May rate cut, Reserve Bank, ResMed, Rio Tinto, Seven West Media, US 80 cent mark, US consumer confidence data, US time, Wednesday, Westpac
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information.
The advice group has appointed a head in Queensland, reporting to chief executive Terry Dillon.
Australia's exchange traded product market reached $115 billion at the end of June 2021, increasing 76% in 12 months - but according to Rainmaker research, only a small portion of that growth came from performance.
The chair of Clime Investment Management and one of its shareholders are calling for the removal of long-serving executive Neil Schafer.
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