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| | | Around 30,000 MasterKey Custom clients are now being upgraded to MLC's full service investment platform, MLC Wrap, to access the platform's full range of functionality and investment options. The upgrade has resulted in an additional 30,000 clients ... |
| | | | Australia's big four banks have been downgraded by ratings agency Standard & Poor's. The decision to lower Westpac, Commonwealth, ANZ and NAB issuer credit ratings from AA to AA- is part of the agency's recent shakeup of ratings criteria, which was ... |
| | | | AMP has sold its General Insurance Distribution business to Suncorp, in a move that sees Suncorp secure the business for the long-term. The groups had previously been aligned in insurance, with Suncorp providing general insurance products to AMP through ... |
| | | | ... members," chair of the Qantas Super board Anne Ward told Financial Standard. Qantas Super is the trustee of the Qantas Super plan, which is run for current and former employees of the troubled national airline. It has over 33,000 members and manages ... |
| | | | ... Europe's fiscal woes. Eyes will now be on a European summit next week, where pressure will be on leaders to come up with a plan to tackle the region's two-year-old sovereign debt crisis, which has roiled markets. WELLINGTON - New Zealand stocks rose ... |
| | | | Independent financial planning group, Premium Wealth Management, has said that while it is confident about the future of independent financial advice, it fears consolidation in anticipation of the FOFA reforms is creating a conflict of interest between ... |
| | | | Count Financial chief Andrew Gale has stood down from the wealth management firm and been replaced by Commonwealth Bank senior executive David Lane. It's after the Australian Competition and Consumer Commission (ACCC) gave CBA's takeover of Count the ... |
| | | | At this year's ASX Schools Sharemarket Games, the 60,000 participating school students showed that they have only half the skill of professionals investment managers. The results should come as welcome relief to managed funds investors throughout Australia ... |
| | | | Merged independent financial advisory groups Snowball and Shadforth are now known as SFG Australia. The name change was approved by shareholders at the group's annual general meeting in Sydney yesterday, after being given the green light by the regulator. ... |
| | | | ... meltdown. HONG KONG - Asian markets climbed for a second day on Tuesday on optimism that Europe's finance leaders are close to a plan to tackle debt despite a warning that the crisis could spark another depression. WELLINGTON - The New Zealand dollar ... |
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