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| | | Assistant Treasurer, Bill Shorten, has today announced the phasing out of drawdown relief for pensioners but made provisions for 2011-12, expected to benefit some 120,000 self-funded retirees. Under past regulations, self-funded retirees were required ... |
| | | | Australian shares have opened lower again after a fourth consecutive fall on Wall Street due to concerns about ongoing economic weakness. At 1015 AEST, the benchmark S&P/ASX200 index was down 23.2 points, or 0.51 per cent, at 4,545.9, and the broader ... |
| | | | The Association of Financial Advisers (AFA) has opened nominations for its 2011 AFA Rising Star of the Year Award. The AFA's Rising star of the Year Award (Award) is designed to celebrate the talented newcomers in the world of financial advice. Established ... |
| | | | FTSE Group's after-tax solution received a major boost as Sunsuper's new $700 million equity mandate will be benchmarked against the FTSE ASFA Australia 300 capital gains tax index. The FTSE ASFA Australia Index Series, which provides a range of industry ... |
| | | | Australian shares were slightly lower at noon as investors sit back after Thursday's worst one-day performance in a year. At 1200 AEST the benchmark S&P/ASX200 index was down 6.7 points, or 0.15 per cent, to 4,593.7 points, while the broader All Ordinaries ... |
| | | | Global market investors need to tread carefully in this new era of uncertainty, according to an AllianceBernstein fixed income director. Investors have been warned that as they transition from one period of macro-economic history, the GFC, into another ... |
| | | | Grant Samuel Funds Management has signed a new distribution agreement with US fixed income specialist Payden & Rygel to deliver emerging market debt and absolute return products in Australia. Grant Samuel selected Payden & Rygel for its ability to provide ... |
| | | | Chi-X owner, Instinet, has launched its first dark pool product for Australian equities, at a time when regulator ASIC is looking to review the trading industry. Instinet launched its Instinet BLX Australia yesterday, which will collect multiple orders ... |
| | | | BlackRock Investment Management has appointed a second senior portfolio manager to its Asset Allocation Alpha Fund while 'cooling its heels' as the global economy remains unclear. Evan Jones has joined BlackRock in the newly created Sydney-based role ... |
| | | | A funny thing happened on the way to the financial markets last night. There were no significant changes to the landscape - but one could sense the smile on investors' faces if one cared to look. It's risk on one more time Virginia. Wall Street's up ... |
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