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Mergers likely for Media Super

BEN COLLINS  |  FRIDAY, 14 DEC 2012
... and discussions between Fairfax Media and the fund are already in play, said Noonan. First Super's current boss came out on top of an extensive recruitment process that turned up close to a dozen potential candidates, and Noonan said the fund feels lucky ...

Market Wrap - AM

AAP  |  FRIDAY, 14 DEC 2012
... cleared long-delayed bailout funds needed to avert a potentially disastrous Greek debt default. London's FTSE 100 index of top companies closed 0.27 per cent lower at 5,929.61 points, Frankfurt's DAX 30 index fell 0.43 per cent to 7,581.98 and in Paris ...

Matthews Steer creates new wealth management arm

MARK SMITH  |  THURSDAY, 13 DEC 2012
... private wealth division will provide a truly holistic service for SMSFs, encompassing a client's total financial affairs. "On top of that, we are seeing more demand generally for combined services across accountancy, taxation and wealth generation from ...

Bendigo to offer Challenger annuities in new deal

MARK SMITH  |  WEDNESDAY, 12 DEC 2012
... of the policy. "We wanted a solution to help Bendigo Financial Planning customers achieve a guaranteed minimum cash flow on top of any age pension entitlements - but without sacrificing liquidity," said Joshua Parisotto, senior manager of business partners ...

Pension funds reckless on climate risk: Hewson

BEN COLLINS  |  WEDNESDAY, 12 DEC 2012
A survey of the world's biggest pension funds and insurance companies has uncovered a reckless mismanagement of climate change risk, said a prominent economist. Yesterday the not-for-profit group the Asset Owners Disclosure Project (AOPD) released what ...

Not all ETFs are made equal: Lonsec

MARK STORY  |  WEDNESDAY, 12 DEC 2012
... meaningful exposure to the mining sector given its traditional volatility and/or limited dividend history. He also noted that: The top 10 holdings of iShares were noticeably different to the other three ETFs, with by far the least exposure to financials ...

Market wrap AM

AAP  |  WEDNESDAY, 12 DEC 2012
... points, clawing back the previous day's losses. German investor sentiment topped a seven month high this month on hopes Europe's top economy will dodge recession, data showed on Tuesday. HONG KONG - Asian markets closed mixed despite a positive lead ...

Mortgage Choice Financial Planning open for business

MARK SMITH  |  TUESDAY, 11 DEC 2012
... businesses, especially with many clients wanting the convenience of dealing with all their financial needs under one roof. "On top of our existing customer pipeline and the strong lead flow from the mortgage broking side of the business, they are receiving ...

Market Wrap

AAP  |  TUESDAY, 11 DEC 2012
... Monti announced his intention to resign in the latest twist to the eurozone debt crisis. Milan's FTSE Mib benchmark index of top companies slumped 2.22 per cent to 15,354 points at the close while Italian government borrowing costs spiked on the back ...

Morphic Asset Management expands team

MARK STORY  |  MONDAY, 10 DEC 2012
... fees in its first four months - invests in global equities, using a combination of individual stock research and economic 'top-down' analysis, and is marketed mainly to retail investors through financial planners.