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| | | The Australian stock market likely to open stronger following a mostly positive lead from Wall Street overnight. At 0736 AEST on the Sydney Futures Exchange, the June share price index contract was 33 points higher at 4,947 points. In economics news ... |
| | | | Rainmaker Research has found that $1.3 billion of workers funds were redirected to financial planners in the form of commissions, including $550 million from compulsory (SG) super. Rainmaker, which owns Financial Standard, also reported that $6.48 billion ... |
| | | | The Australian stock market is expected to open lower on Monday, on strongly negative leads from offshore markets. At 0719 AEST on the Sydney Futures Exchange, the June share price index contract was 48 points lower at 4,950 points. In companies news ... |
| | | | BT Financial Group (BTFG) has restructured its senior executive team following the resignation of Geoff Lloyd, former chief executive of St.George Wealth Management and the group's general manager. The company statement did not disclose the reasons ... |
| | | | ... board, Day said they will have more time to pursue new business opportunities and strategic initiatives. The former FuturePlus COO's appointment coincides with a solid year for Pillar. Day said that 2009-2010 financial year is shaping up to be a "turnaround ... |
| | | | More members are flocking to ESI Super's website compared with two years ago - some reportedly visited the website 200 times in one year due to uncertainty around super legislation. A recent survey found that financial awareness and potential changes ... |
| | | | Leading asset consultants were grilled about the value they add to super fund portfolios at an industry conference held yesterday. The results? Refreshingly honest. The heads of four asset consultancies - JANA, Frontier, Towers Watson and Sovereign ... |
| | | | The Financial Planning Association (FPA) has called for commission payments for risk products to continue, citing fee-for-advice payments on risk products could make life insurance too expensive for clients. According to a press statement, the FPA Board ... |
| | | | Jeremy Cooper, head of the Super System Review, estimates super funds can save up to $1 billion in costs by doing little things that add up to mean a lot. Speaking at the Conference of Major Super Funds (CSMF) yesterday, Cooper detailed the 'super stream' ... |
| | | | The Corporate Super Specialist Alliance (CSSA), which represents providers of corporate super fund advisory services, is calling on the Cooper Review not to adopt the proposed choice architecture. Nick Economidis, chair of CSSA, said the choice architecture ... |
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