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Challenger gets Lonsec approval on annuities

LAURA MILLAN  |  MONDAY, 11 MAR 2013
Challenger's entire suite of annuity products has been approved by independent research house Lonsec. Lonsec awarded the rating to all managed investment schemes and term and lifetime annuities offered by Challenger, including the fastest selling annuity ...

8IP adds Asian expert to team

STAFF JOURNALIST  |  MONDAY, 11 MAR 2013
Eight Investment Partners (8IP) has appointed an Asian markets veteran as research adviser. Based in Hong Kong, Nial Gooding will be providing advice on the China portion of the fund's portfolios. Gooding boasts 30 years industry experience and has ...

Market Wrap PM

AAP  |  FRIDAY, 8 MAR 2013
Australian shares remain near four-and-a-half year highs, pushed up by a fifth straight day of gains on Wall Street. The market has opened about 0.1 per cent higher, with mining stocks the best performers in early trade. CMC Markets chief strategist ...

Sales approach boosts Sunsuper member uptake

MARK SMITH  |  FRIDAY, 8 MAR 2013
A strong "sales culture" approach and a souped-up IT system helped one superannuation fund grow its member base in recent months. Sunsuper's general manager of business growth Craig Godfrey says the fund is receiving more than 1200 new member applications ...

More than five minutes this time?

BENJAMIN ONG  |  FRIDAY, 8 MAR 2013
See how they run, see how they run. The DJIA continued to soar to new record highs and it won't be long now till the S&P 5000 joins in the fun - it's less than 21 points (1.3%) away from its own 9 October 2007 top. A few more good days - or one very ...

Investors Mutual wins Aus equities mandate

MARK SMITH  |  WEDNESDAY, 6 MAR 2013
Boutique Australian equities firm Investors Mutual has been awarded a $300 million large cap Australian equities mandate from State Super Financial Services, Financial Standard can reveal. The new mandate win extends a period of success for the fund ...

EQT appoints former Invesco state mgr

LAURA MILLAN  |  WEDNESDAY, 6 MAR 2013
Listed financial services company Equity Trustees Limited (EQT) announced today the appointment of Ron Grima as Queensland key account manager. Grima will be responsible for maintaining and developing relationships with Queensland-based advisers and ...

Can't help falling in love with stocks

BENJAMIN ONG  |  WEDNESDAY, 6 MAR 2013
"Sing Hallelujah! Sing it Sing Hallelujah! Sing it, yeah Sing Hallelujah!" -- 'Sing Hallelujah' by Dr. Alban They're dancing and singing on the streets - Wall Street, that is -- for the Dow Jones Industrials Index has officially closed at an all-time ...

Market Wrap

AAP  |  WEDNESDAY, 6 MAR 2013
The Australian market looks set to open higher after the Dow Jones Industrial Average surged to an all-time high. The Dow finished up 125.95 points for the day, a 0.89 per cent gain, to 14,253.77, easily beating the former closing record of 14,164.53 ...

Market Wrap

AAP  |  TUESDAY, 5 MAR 2013
The Australian market has shot up by more than one-and-a-half per cent at noon, with investors using yesterday's falls to lap up cheaper stocks. CMC Markets chief market analyst Ric Spooner describes it as a relief rally following Monday's decline. ...