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Planners unite to create innovation platform

LAURA MILLAN  |  TUESDAY, 12 AUG 2014
A group of financial planners and financial services entrepreneurs have united to create an online hub to provide solutions to advice businesses. The businesses behind the newly-created AdviceInnovation are Astute Wealth, The Social Adviser, Complete ...

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... on experience." "Maintaining a high-quality workforce with deep industry understanding and supervisory acumen will remain a top priority for APRA," the regulator said. But it noted that "the expert skills that APRA needs are also in demand in the financial ...

CBA sees two top execs step down

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev has confirmed that two members of the group's senior executive team will step down. CBA group executive of business and private banking Grahame Petersen will retire at the end of 2014 after nearly 35 ...

Barrack St raises $16 million through IPO

STAFF WRITER  |  WEDNESDAY, 6 AUG 2014
... with an objective of exceeding a benchmark return of 8%pa. "It's widely acknowledged that SMSFs are heavily weighted to ASX top 50 companies and cash," Pohl said, and added: "we are delighted that our message of diversification beyond the top 50 ASX ...

Clients prefer good reputation, knowledge over low fees

LAURA MILLAN  |  WEDNESDAY, 6 AUG 2014
... or even independence from large financial institutions. The latest CoreData Keys to Growth Report 2014 shows that client's top key considerations when selecting a financial adviser are good reputation (9.4% of respondents), knowledge and expertise (9.4%) ...

Future Fund posts 13.9 pct return

STAFF WRITER WITH AAP  |  MONDAY, 4 AUG 2014
The Future Fund, the sovereign fund set up to pay future commonwealth public servant superannuation liabilities has topped $100 billion and declared its long term investment returns. The Future Fund's provisional results for the 2013-14 financial year ...

Super posts 12.7 pct for FY2014

STAFF WRITER  |  MONDAY, 4 AUG 2014
... performance tables revealing that funds have had another strong year delivering an average 12.7% while CFS FirstChoice was the top performing Workplace fund. Reinforcing the strong performance, SelectingSuper said three and five year average annual returns ...

NAB CEO rejigs executive team

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
... major changes to the group's executive team. The changes have seen the departure of three of key executives at the bank's top level. Thorburn appointed former executive general manager of nabBusiness in business banking Angela Mentis to the role of group ...

Market Wrap AM

AAP  |  FRIDAY, 1 AUG 2014
... 3.57 billion euros ($A5.35 billion) late on Wednesday. HONG KONG - Asian markets were mixed after US data showing the world's top economy grew much more than expected in the second quarter was offset by late profit-taking. Tokyo's Nikkei gave up early ...

Market Wrap AM

AAP  |  WEDNESDAY, 30 JUL 2014
... finance, defence and energy sectors, hoping to force Moscow to reverse course in Ukraine. Washington swiftly responded, with top US diplomat John Kerry saying the United States is also drawing up fresh sanctions to tighten the screws for Russia's alleged ...