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BENJAMIN ONG  |  MONDAY, 24 AUG 2009
Death by a thousand cuts. Or more accurately -- death by a thousand rebounds. This must be what the bears are feeling each time equities bounce back from a fall. Equity markets are volatile even in the best of times. That is a certitude. For each and ...

Caveat to APRA data: ASFA

ASFA MEDIA STATEMENT  |  FRIDAY, 21 AUG 2009
Super fund returns data released by the Australian Prudential Regulation Authority yesterday are of "very limited assistance" to consumers, said industry body ASFA. ASFA chief executive Pauline Vamos said that the performance numbers cited by APRA are ...

State Super members hungry for advice

RUTH LIEW  |  WEDNESDAY, 12 AUG 2009
More than two out of five members of the $29 billion State Super have sought financial planning advice in the last two years, the fund's membership survey shows. State Super, which had $29 billion in funds under management at the end of June according ...

ISN to APRA: get on with it

APRA should get on with publishing its 'whole of fund' returns league tables, said the Industry Super Network (ISN). The league tables are needed because there is insufficient independent information available for consumers to help them choose super ...

SocGen exec quits after insider trading probe

RUTH LIEW  |  MONDAY, 10 AUG 2009
SociA(C)tA(C) GA(C)nA(C)rale's long-standing executive committee member Jean-Pierre Mustier has resigned following a French Financial Markets Authority (AMF) probe into insider trading. Mustier, who had been at the firm for 22 years, agreed he would ...

K2 benefits from planner focus

MICHAEL HOBBS  |  MONDAY, 10 AUG 2009
K2 Asset Management's push into the financial planning market is paying off and now accounts for nearly half the fund manager's business. Andrew Hall, head of distribution at K2 Asset Management, said the fund manager's work with research firms and ...

Lifewise website nets 8,500 hits

MICHAEL HOBBS  |  MONDAY, 10 AUG 2009
Insurance awareness website, Lifewise, attracted around 8,500 unique visits in three months. The industry-wide insurance campaign, which is designed to inform Australians about how to protect themselves from financial loss as a result of an accident ...

Market Wrap - Morning

AAP  |  FRIDAY, 7 AUG 2009
The Australian sharemarket is expected to open lower on Friday, after US equities declined on a rise in people continuing to claim unemployment benefits and lacklustre sales figures from major retailers. Oil and metals also were lower. At 0714 AEST ...

Market Wrap - Midday

AAP  |  THURSDAY, 6 AUG 2009
The Australian sharemarket was higher at noon pulled up by the resources and financial sectors. At the 1200 AEST, the benchmark S&P/ASX 200 index was up 40.3 points, or 0.95 per cent, at 4304.8, while the broader All Ordinaries index gained 36.4 points ...

Market Wrap - Morning

AAP  |  THURSDAY, 6 AUG 2009
The Australian sharemarket is expected to open lower on Thursday, after US and European equity markets declined following a disappointing report on the US service sector during July, and ahead of US jobs data due on Friday. At 0731 AEST on the Sydney ...