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| | | Flows to Commonwealth Bank's Custom Solutions platforms, which includes FirstWrap, more than doubled to $114 million during the June quarter. The bank's June quarter report found its Custom Solutions platforms attracted an extra $64 million during the ... |
| | | | The regulator is recommending issuers of capital protected and other structured or derivative products to clearly explain any counterparty risk and the limitations of the strategies to retail investors. The Australian Securities & Investments Commission's ... |
| | | | AXA Asia Pacific chief executive, Andrew Penn, has warned regulatory proposals from the Australian Prudential Regulation Authority (APRA) could stifle Australia's potential to become a regional financial hub. Speaking at the American Chamber of Commerce ... |
| | | | The Australian share market was maintaining its positive momentum at noon, following a surge on Wall Street overnight. At 1200 AEST, the benchmark S&P/ASX200 index was up 78.3 points, or 1.79 per cent, at 4,453 points, while the broader All Ordinaries ... |
| | | | The Australian stock market is expected to open higher, after a positive finish on Wall Street and firmer commodities prices during the offshore session. At 0720 AEST on the Sydney Futures Exchange, the September share price index contract was up 64 ... |
| | | | The Australian share market was lower at noon, led by losses in the financials sector. At 1200 AEST, the benchmark S&P/ASX200 index was down 14.1 points, or 0.32 per cent, at 4,398.6 points, while the broader All Ordinaries index had dropped 12.5 points ... |
| | | | The biggest pension fund in the US, CalPERS, has applauded President Barack Obama's new federal financial reform law that holds credit rating agencies more accountable for their ratings and imposes tougher requirements on hedge funds. The $233 billion-plus ... |
| | | | AIA Australia has launched Platform Investor Protect - a new service that integrates the insurer's flagship retail product, Priority Protection, onto an investment platform for the first time. AIA said in a statement that clients would benefit by being ... |
| | | | Super funds investments into Australian infrastructure should be a win-win arrangement for both parties - but the current structures and projects remain too risky for institutional mandates, according to Asset Super. John Paul, chief executive of the ... |
| | | | New Zealand investors in two frozen funds by ANZ and ING (NZ) stand to benefit from a $36 million (NZ$45 million) settlement fund arranged by the regulator after both funds breached marketing material compliance rules. In its largest monetary settlement ... |
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