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Market Wrap AM

AAP  |  MONDAY, 7 JUL 2014
... per cent to 10,009.08 points, while the CAC 40 in Paris fell 0.47 per cent to 4,468.98 points. London's FTSE 100 index of top companies ending largely flat at 6,866.05 points, compared to Thursday's closing levels. The euro fell to $US1.3597, down from ...

Independence Day for the US economy

BENJAMIN ONG  |  FRIDAY, 4 JUL 2014
... from the peak 17.1% back in 2010, the current reading remains far above the 8% rate pre-GFC and even higher than the 10.3% top hit after America's recession in 2001. "Stagnant wages" - you betcha. Average weekly earnings in the private sector came in ...

Retail fund members most unsatisfied: Roy Morgan

JAMES FERNYHOUGH  |  WEDNESDAY, 2 JUL 2014
Retail funds continue to underperform industry funds when it comes to member satisfaction, but the gap is closing, according to the latest Roy Morgan research. The research found that 55.8% of industry fund members were satisfied with their fund's financial ...

Retail fund members most unsatisfied: Roy Morgan

JAMES FERNYHOUGH  |  WEDNESDAY, 2 JUL 2014
Retail funds continue to underperform industry funds when it comes to member satisfaction, but the gap is closing, according to the latest Roy Morgan research. The research found that 55.8% of industry fund members were satisfied with their fund's financial ...

TAL nabs ANZ exec for new finance role

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
TAL has appointed a top ANZ Wealth executive to the newly-created role of general manager of strategic finance. Edith Pfister was most recently chief risk officer at ANZ Wealth and private bank and her new role brings together responsibility for strategy ...

Manny Pohl issues prospectus for new retail LIC

MARK SMITH  |  WEDNESDAY, 2 JUL 2014
... super funds with his new Barrack Street Investments LIC. "It's widely acknowledged that SMSFs bias is heavily weighted to ASX top 50 companies and cash," he said. "Barrack Street will provide investors with a convenient and familiar pathway to high quality ...

Platinum steps up focus on adviser market

MARK SMITH  |  TUESDAY, 1 JUL 2014
... Standard in April, Platinum co-founder and managing director Kerr Neilson signaled his ambitions to widen the reach of the firm's top-performing international shares strategy within the adviser market. Neilson has identified an opportunity within the ...

Infocus and Patron deal puts new group in top ten

LAURA MILLAN  |  TUESDAY, 1 JUL 2014
... is likely to be shaken up again by a merger between two medium-sized firms that would put the new group among Australia's top ten providers. Infocus Wealth Management and Patron Financial Services are expected to merge in late July, subject to Infocus ...

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 ...

Super contribution caps "limited and inadequate": Deloitte

MARK SMITH  |  THURSDAY, 26 JUN 2014