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EQT completes ANZ Trustees acquisition

STAFF WRITER  |  MONDAY, 7 JUL 2014
... share the same focus and commitment to clients," he said. ANZ chief executive of global wealth Joyce Phillips said that "this sale allows us to focus on the key elements of our wealth strategy, while also providing our clients with continued access to ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
Industry Super Australia (ISA) report 'Commissions by Another Name' has sparked outrage among some industry stakeholders, which have labelled it as wrong, inaccurate and misleading. "Consumers are being misled by a scare campaign on [the Future of Financial ...

Citi develops white label banking for industry funds

JAMES FERNYHOUGH  |  FRIDAY, 4 JUL 2014
Citi is offering to white label its retail banking services for industry super funds as a way of stemming the outflow to retail funds and self-managed super funds (SMSFs), Financial Standard can reveal. In what could prove a lifeline to industry funds ...

ClearView appoints three BDMs

HARRY PAGE  |  THURSDAY, 3 JUL 2014
ClearView Wealth Limited has announced the appointment of three business development managers to its distribution team. Maree Feek has over 14 years' experience in the industry and has been appointed as a BDM for Queensland. She previously held positions ...

Former NAB execs follow Hartley to Sunsuper

JAMES FERNYHOUGH  |  WEDNESDAY, 2 JUL 2014
In one of his first moves as Sunsuper chief executive, Scott Hartley has unveiled two new divisions to be headed up by former NAB execs and colleagues. The first division, called the 'Advice & Growth', will be led by former MLC Business Super general ...

Market wrap

AAP  |  WEDNESDAY, 2 JUL 2014
A rebound in the local banking sector has helped the Australian share market to open higher, after Wall Street stocks surged to new records. Strong Chinese manufacturing figures and surprisingly good US car sales pushed the Dow Jones Industrial Average ...

So good but for the wrong spin

BENJAMIN ONG  |  WEDNESDAY, 2 JUL 2014
The sun is shining, the sky is blue and the butcher, the baker and the candlestick maker appears to have celebrated America's 'Independence Day' three-days early. You'd be jingling your bells and singing hallelujah too, Virginia, when you look at what ...

Market wrap AM

AAP  |  WEDNESDAY, 2 JUL 2014
The Australian market looks set to open higher after Wall Street stocks barrelled to new records, following strong US car sales and Chinese manufacturing data. At 0645 AEST on Wednesday, the September share price index futures contract was up 19 points ...

Third arrow, broken arrow

BENJAMIN ONG  |  TUESDAY, 1 JUL 2014
oh there we have it folks! Wall Street ends the last day of the month, the quarter and the first six months of 2014, to quote T.S. Elliot, "not with a bang but a whimper. If you must know Virginia, the S&P 500 index finished a teenie-weenie 0.04% lower ...

Market wrap AM

AAP  |  TUESDAY, 1 JUL 2014
The Australian market looks set to open higher despite a mixed performance on Wall Street following a jump in US pending home sales and General Motors' announcement of another massive car recall. At 0645 AEST on Tuesday, the September share price index ...