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Market Wrap

AAP  |  FRIDAY, 30 MAR 2012
Australian stocks opened flat on Friday, following a mixed lead from Wall Street. At 1030 AEDT, the benchmark S&P/ASX200 index was up 3.7 points, or 0.09 per cent, at 4,311.6 points, while the broader All Ordinaries index had risen 2.5 points, or 0.06 ...

Financial Standard launches SelectingSuper iPad app

RACHEL DAVIS  |  TUESDAY, 20 MAR 2012
... e-mail embedded within the app to share information with other readers. Meanwhile, superannuation funds themselves can request for a comprehensive listing of their fund in the directory section of the SelectingSuper iPadA(R) app. They can add videos ...

Gunns shares suspended

MELANIE TIMBRELL  |  TUESDAY, 13 MAR 2012
Gunns Ltd shares have been suspended from trading on the ASX at the request of the company as it attempts to negotiate a capital raising. The suspension is expected to last until resumption of trading on Monday March 19 when offer details and structure ...

Social media an important tool for advisers

CLAIRE MCGREAL  |  WEDNESDAY, 29 FEB 2012
Success in social media is all about showing up, getting involved and adding value. That's according to Trevor Young, social media expert and strategy and innovation director at Edelman Australia, who spoke to advisers at a recent Zurich event in Sydney. ...

Russell Investments opts out of S&P

CLAIRE MCGREAL  |  MONDAY, 27 FEB 2012
Russell Investment Management has requested the Standard & Poor's ratings on 22 of its funds be withdrawn. It follows S&P Capital IQ' s announcement earlier this month that it would no longer be conducting local funds research and wealth management ...

Cost cutting key for Perpetual in 2012

CLAIRE MCGREAL  |  THURSDAY, 23 FEB 2012
Cost reduction is a key priority for Perpetual Limited this year, with the group hiring an international consulting firm to review where savings can be made straight away. In its half yearly results released today, the financial services firm posted ...

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
... the policy. "It's the detail, the impact on business or consumers or the government," said McNamara, in response to a request for clarification on why the analysis was inadequate. "It's that sort of analysis of this change is meant to do particular things ...

UniSuper confirms working group

MELANIE TIMBRELL  |  MONDAY, 13 FEB 2012
... change to the fund's trust deed which states the trustee may consider reducing member benefits. The NTEU responded with a request for UniSuper to convene a national meeting of stakeholders to ensure UniSuper's DB members would not have benefits cut. ...

New tax proposals aim to consolidate lost super

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... supplies and tax for new residential properties. Individuals with 'lost' super amounts will be able to electronically request for the ATO to consolidate the amounts into one fund, helping them keep track of their super balance and protecting against ...

NTEU wants changes at UniSuper trustee company

ALEX DUNNIN  |  FRIDAY, 16 DEC 2011
The National Tertiary Education Union, the main union representing UniSuper fund members, has written to members outlining their response to concerns about the superannuation fund. In a statement issued yesterday, the NTEU said, "The Union will take ...