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Sunsuper rewrites industry fund model

MICHAEL HOBBS  |  THURSDAY, 18 SEP 2008
Sunsuper chief executive Tony Lally has outlined a fresh template for industry super funds - one that moves towards providing high-tech and more customised low-cost advice services to members. Speaking at the Association Superannuation Funds of Australia ...

America on its knees

BENJAMIN ONG  |  THURSDAY, 18 SEP 2008
The bloodbath continues. The Federal Reserve's US$85 billion bailout of American Insurance Group (AIG) proved insufficient to calm the financial market panic that appears to be increasing by the day. The overnight sell-off saw more than three years' ...

Market Wrap - Morning

AAP  |  THURSDAY, 18 SEP 2008
The Australian stock market has received a strong negative lead, with Wall Street indices crashing more than four per cent overnight. Oil, gold and silver rebounded as investors sought safe havens. At 0716 AEST, the Sydney Futures Exchange's September ...

Market Wrap - Midday

AAP  |  TUESDAY, 16 SEP 2008
Australian stocks were weaker at noon after US shares went into freefall overnight following New York investment bank Lehman Brothers' backruptcy, the firesale of Merrill Lynch and continuing rumours about the stability of American Insurance Group. ...

Lehman Bros files for bankruptcy

RUTH LIEW  |  TUESDAY, 16 SEP 2008
Lehman Brothers yesterday filed for bankruptcy in the US, and the shock effects are already reverberating around the world. According to a press statement released by Lehman Brothers, the group's board of directors has authorised the filing of the petition ...

Market Wrap - Midday

AAP  |  FRIDAY, 12 SEP 2008
The Australian stock exchange was stronger at noon, led by energy and mining stocks, while the banking sector rebounded after yesterday's losses. At 1200 AEST, the benchmark S&P/ASX200 was 48.9 points higher, or 1.02 per cent to 4863.2, while the broader ...

Market Wrap - Morning

AAP  |  FRIDAY, 12 SEP 2008
Australian markets have received a strong lead from Wall Street equities overnight, which finished almost 1.5 per cent higher. Oil, silver and gold were down, while copper was marginally higher. At 0757 AEST, the Sydney Futures Exchange's September ...

Market Wrap - Morning

AAP  |  THURSDAY, 11 SEP 2008
The Australian market has received a mixed lead, with Wall Street up -- albeit just marginally -- while oil, gold and silver were down again. Major European bourses fell as OPEC decided to cut oil production in what was interpreted as an attempt to ...

BT toolkit targets three gens

RUTH LIEW  |  WEDNESDAY, 10 SEP 2008
BT Financial Group is taking a three-pronged approach to help their financial advisers garner business from Gen X, Y, and baby boomer clients. BT yesterday launched the BT Generation Series - three educational toolkits available to its wrap advisers ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 10 SEP 2008
The Australian stock market was awash in red at noon, down almost two per cent, mirroring heavy losses on Wall Street overnight on fears that the US's fourth-largest investment bank Lehman Brothers is running out of options to raise capital. At 1207 ...