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ASIC reports drop in financial services insolvencies

JAMES FERNYHOUGH  |  FRIDAY, 18 OCT 2013
... superannuation funds and two deposit taking institutions went into administration. These comparatively low numbers saw FIS out of the top 12. Construction firms were the most likely to go insolvent, with 2,245 companies (24.3% of the total) going into ...

Fund members still resisting super engagement

ALEX DUNNIN  |  THURSDAY, 17 OCT 2013
... through the year has nonetheless fallen 6% since about April notwithstanding it surged 15% in the previous few months. The top five funds for member satisfaction according to Roy Morgan's survey were HESTA with a score of 55%, Cbus and First State Super ...

Market Wrap AM

AAP  |  THURSDAY, 17 OCT 2013
... Sentiment was rattled early in Wednesday's session as ratings agency Fitch placed the US on warning for a downgrade from its top-level AAA assessment. But at close in Europe, Frankfurt's DAX 30 climbed 0.47 per cent to set a new record close at 8,846.0 ...

Praemium to host 5 more BetaShares ETFs

ALEX DUNNIN  |  WEDNESDAY, 16 OCT 2013
... Dollar ETF, the BetaShares Gold Bullion ETF, the BetaShares Australian High Interest Cash ETF and the BetaShares Australian Top 20 Equity Yield Maximiser Fund. Vynokur said, "The High Interest Cash ETF is very popular amongst advisers looking to improve ...

Jenny Brown named AFA Adviser of the Year

MARK SMITH  |  WEDNESDAY, 16 OCT 2013
... Year Award. The Award recognises advisers who demonstrate outstanding leadership, advocacy and innovation. Brown took the top gong ahead of strong competition from Rory Mooney (Wealth By Design), Justine Back (Back to Back Financial Planners), William ...

Washington watching Wall Street watch Washington

BENJAMIN ONG  |  MONDAY, 14 OCT 2013

Asset manager growth ambitions slowed by regulation

MARK SMITH  |  THURSDAY, 10 OCT 2013
... surveyed said deepening their penetration of existing markets (23%) or expanding into new growth markets (23%) would be their top priority over the next three years, almost one-third (30%) said achieving cost savings through efficiency drives would be ...

BlackRock creates global real estate investment platform

LAURA MILLAN  |  TUESDAY, 8 OCT 2013
... offices across 13 countries will operate under the BlackRock name. The business will offer investors access to the world's top six markets, which represent 75% of the investable commercial real estate universe. "We are committed to building out our regional ...

Insto investors want better marketing material

ALEX DUNNIN  |  TUESDAY, 8 OCT 2013
... standard of fund information as retail investors, reveals new research from specialist alternative investment researcher Preqin. Top of the problem list is that the investment performance information is poorly presented while too much superfluous information ...

Market Wrap AM

AAP  |  TUESDAY, 8 OCT 2013
The Australian market looks set to open lower following falls on Wall Street overnight as the US budget stalemate entered its second week with the government partially shut down. At 0815 AEDT on Tuesday, the December share price index futures contract ...