Market wrap - middayBY AAP | TUESDAY, 5 SEP 2006 12:46PMThe Australian stock market was higher at noon propelled by lingering optimism from yesterday's gains, amid speculation the Reserve Bank of Australia will leave interest rates untouched following its monthly board meeting today. At 1200 AEST the benchmark S&P/ASX200 was 15.1 points higher at 5144.3, while the all ordinaries rose 14.3 points to 5105.8.On the Sydney Futures Exchange, the September share price index gained six points to 5,150. |
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Australia's retirement system receives first A-grade
Australia's retirement system has finally received an A-grade rating in the annual Marsh CFA Institute Global Pension Index after stagnating at the B+ level for the last five years.
Brighter Super changes up investment, insurance fees
Not-for-profit fund Brighter Super has introduced numerous changes to its fees, decreasing investment fees while increasing insurance costs.
Channel Capital wins distribution mandate
Channel Capital has been appointed by Coller EQT to distribute, promote and service investor support to the two secondaries strategies currently available in Australia.
Perpetual asset management outflows hit $9.6bn
Perpetual's asset management business recorded $9.6 billion in net outflows during the September quarter, weighing on funds under management as its Corporate Trust Division reached a record $1.4 trillion in funds under administration.
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Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
