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Director to challenge ASIC ban

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
Financial services regulator ASIC today said it banned a director for three years from providing financial services - but the director is appealing against the decision which she called "disgraceful". Tracey Burnell, of Doncaster East, Victoria, was ...

NAB grows FUM despite tough times

ALISON BEVEGE  |  FRIDAY, 6 MAY 2011
MLC & NAB Wealth increased their funds under management by 6.8 per cent to $121.9 billion in the year to March and added 241 financial advisers to its ever-growing network, according to half-yearly results released yesterday. The National Australia ...

Silver bullet downs market

BENJAMIN ONG  |  FRIDAY, 6 MAY 2011
Looks like the commodity and equity markets put up a big 'SALE sign last night. Commodities of nearly all persuasions dropped with a thud and so did Wall Street along with other markets in North and Latin America and most of Europe. Do I have permission ...

Managed accounts central to advisers

ELISE BURGESS  |  THURSDAY, 5 MAY 2011
Advisers should be using managed accounts to be adviser, manufacturer and the central figure in their clients' financial lives, attendees were told at yesterday's Financial Standard Managed Accounts forum held in Sydney. Advisers can use managed accounts ...

Instos move into ETFs as sector surges

ALISON BEVEGE  |  THURSDAY, 5 MAY 2011
Investors have continued to surge into exchange traded products with ETFs increasing in number and in total market capitalisation over the past year, the Australian Stock Exchange (ASX) said yesterday, with institutional investors moving in. Over the ...

Super funds win merger tax relief

ALISON BEVEGE  |  TUESDAY, 3 MAY 2011
Merging superannuation funds have been granted a three-month tax relief extension by Financial Services and Superannuation Minister Bill Shorten. Minister Shorten today said that the Government would extend the temporary tax loss relief for consolidating ...

He's just a man

BENJAMIN ONG  |  TUESDAY, 3 MAY 2011
Financial markets celebrated the death of the most wanted man in America - Osama bin Laden. And if you believe the insta-blogs on cyberspace, it's all because Osama's death (martyrdom to others) put a huge dint on terrorism - or something like that. ...

Up, down or sideways

BENJAMIN ONG  |  MONDAY, 2 MAY 2011
... cent against the euro and 58.3 per cent versus the yen. US$1.20 here we come! But wait, yhaven't we seen all this before? Yes, we have. For most of 2008, the Australian dollar threatened to trade at parity with its US counterpart. Most of us planned ...

Securitor to grow planner network

MATT WOODINGTON  |  FRIDAY, 29 APR 2011
... its culture or compliance in doing so. "What we see from surveying our advisers is they value the work we do with them. So yes we are constantly looking to see if there are other businesses we can work with but we have very strict filters," said Englund. ...

Market Wrap - Midday

AAP  |  THURSDAY, 28 APR 2011
The Australian share market was almost half a per cent stronger at noon, trading off its highs of the session as traders digested a new high for the Australian dollar and what it means for stocks and interest rates. At 1200 AEST, the benchmark S&P/ASX200 ...