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Market Wrap AM

AAP  |  FRIDAY, 24 APR 2015
The Australian market looks set to open higher, following gains on Wall Street overnight. At 0654 AEST on Friday, the June share price index futures contract was up 27 points at 5,858. In the US, the Nasdaq index smashed its 15-year-old record Thursday ...

Market Wrap AM

AAP  |  THURSDAY, 23 APR 2015
The Australian market looks set to open higher after Wall Street posted solid gains following a big jump in US existing-home sales and a mixed bag of earnings reports from Boeing, McDonald's and others. At 0805 AEST on Thursday, the June share price ...

NAB to take "leading role" in advice remediation

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
During the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, NAB chief executive Andrew Thorburn said the bank was prepared to take a "leading role" in addressing the compensation gap for victims of poor financial advice. ...

CFSGAM hires head of research from UBS

MARK SMITH  |  TUESDAY, 21 APR 2015
Colonial First State Global Asset Management has hired a UBS executive to take on a new head of research role within its Australian equities, growth team. David Wilson will join CFSGAM on 18 May. Aside from his new role, he will also have analyst coverage ...

AMP Capital appoints distribution head

MARK SMITH  |  TUESDAY, 21 APR 2015
AMP Capital has hired a new head of distribution for its UK and European business. John Angell will be based at the group's London office and will drive institutional sales in the region. He will also have overall responsibility for the sales of AMP ...

Signs that churning is on the wane

ALEX BURKE  |  TUESDAY, 21 APR 2015
Research by DEXX&R shows individual lump sum discontinuances in life, TPD and trauma insurance fell in the 12 months to December 2014. Further, rates of discontinuances have been falling since 2012 - having risen steadily for the previous two years ...

Northern Trust appoints former BlackRock vice president

DARREN SNYDER  |  MONDAY, 20 APR 2015
Fund administrator and asset manager Northern Trust has launched an asset management sales and client servicing team in its Melbourne office. In conjunction with the launch, Northern Trust appointed two sales representatives who will report to head ...

Life insurance risk inflows reach $14.2bn

DARREN SNYDER  |  MONDAY, 20 APR 2015
Life insurance risk market inflows grew by 11.2% during 2014, reaching about $14.2 billion, according to the latest report from Plan For Life. The report shows all companies experienced increases in their risk business with the highest percentage growth ...

Market Wrap AM

AAP  |  MONDAY, 20 APR 2015
The Australian market looks set to open lower following sharp falls on Wall Street on fresh worries about a Greek debt default as US President Barack Obama called on Greece to enact reforms. At 0815 AEST on Monday, the June share price index futures ...

Market wrap

AAP  |  FRIDAY, 17 APR 2015
The big miners and banks are dragging the share market lower as investors take profits from recent gains and exercise caution due to concerns about Greece's debts. A fall in BHP Billiton's share price, despite an overnight rise in base metal prices ...