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Funds refused ratings for lack of active risk

JAMES FERNYHOUGH  |  FRIDAY, 9 AUG 2013
... Review 2013, van Eyk assessed 69 funds, granting 19 A ratings, 18 BB ratings and three B ratings. Just five funds received its top AA rating. Of the 19 funds that failed to receive a rating, van Eyk cited insufficient manager skill and an investment ...

Independent advisers more loyal to their licensees

LAURA MILLAN  |  TUESDAY, 6 AUG 2013
Independent advisers have more loyalty towards their own dealer groups than those who belong to an institutionally-owned adviser group. A recent Net Promoter Scores (NPS) research done with over 1,000 advisers showed that those who belong to independent ...

Election too close to call

MARK SMITH  |  MONDAY, 5 AUG 2013
... Rudd: "He had an innate popularity that outshine both Julia Gillard and Tony Abbot. He's the nerdy kid who's made it to the top of the tree," he said. "Well if you like Rudd," Van Onselen retorted, "Don't meet him because he's not a great person to meet. ...

Market Wrap AM

AAP  |  MONDAY, 5 AUG 2013
... LONDON - Europe's main stock markets mostly shrugged off disappointing US jobs data suggesting the recovery in the world's top economy isn't as strong as hoped. London's FTSE 100 index of leading shares dropped 0.51 per cent to end Friday at 6,647.87 ...

Super fund average 14.6% for 2012-13

STAFF WRITERS  |  FRIDAY, 2 AUG 2013
... of 15.2% but retail funds (ie corporate master trusts) achieved 13.5%. The segment gap is thus 1.1 percentage points. The top five Workplace super funds (by default options) over the 12 months were Lutheran Super with 20.8%, VISSF with 19.0%, AvSuper ...

Market Wrap AM

AAP  |  FRIDAY, 2 AUG 2013
... both the European Central Bank and the Bank of England held interest rates at record low levels. London's FTSE 100 index of top blue-chip companies closed up 0.92 per cent on Thursday to end at 6,681.98 points. Frankfurt's DAX 30 jumped 1.63 per cent ...

Market Wrap AM

AAP  |  THURSDAY, 1 AUG 2013
... deals before the outcome of the US Federal Reserve's latest monetary policy meeting, dealers said. London's FTSE 100 index of top blue-chip companies ended the session on Wednesday 0.76 per cent higher at 6,621.06 points. Frankfurt's DAX 30 added a slight ...

Financial literacy in retirement a human rights issue: AHRC

JAMES FERNYHOUGH  |  WEDNESDAY, 31 JUL 2013
Financial literacy among retirees has become a human rights issue, with the release of a manual aimed at helping people prepare for retirement by the Australian Human Rights Commission (AHRC). The release coincided with a call from National Seniors ...

Market Wrap AM

AAP  |  TUESDAY, 30 JUL 2013
... banking system. WELLINGTON - New Zealand shares closed lower, led by Telecom Corp and general weakness among several other top 10 stocks. The NZX 50 Index fell 3.515 points, or 0.77 per cent, to 4,578.475.

Market Wrap AM

AAP  |  MONDAY, 29 JUL 2013
... CAC 40 in Paris gained 0.32 per cent to 3,968.84 points. In London, British aircraft engine maker Rolls-Royce saw its shares top the fallers board as investors banked recent profits. Rolls-Royce shares slid 3.23 per cent to 1200 pence, having surged ...