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Market Wrap

AAP  |  MONDAY, 12 DEC 2011
Australian shares surged 1.6 per cent after key offshore bourses rallied on the back of Europe's latest plan to address its economic crisis. All 17 of the eurozone countries on Friday agreed to a "fiscal compact" to create tighter budgetary rules for ...

UBS: Stocks gaining momentum

ELISE BURGESS  |  FRIDAY, 9 DEC 2011
Consumer and domestic stocks may be making a comeback as cyclical indicators improve, according to UBS's chief economist. Scott Haslem, chief economist for UBS Investment Bank in Australia discussed the cyclical developments of the local economy in ...

Tablets top adviser Christmas wish list: survey

ELISE BURGESS  |  FRIDAY, 9 DEC 2011
One in three financial advisers will buy or receive a smart phone or tablet this Christmas according to a Zurich survey, which concluded that the gap between technology and financial advice is closing. The online survey, conducted by Zurich Financial ...

Zurich names NSW regional life sales mngr

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
Zurich Financial Services' NSW senior business development manager, Stuart Meyers, has been promoted to NSW regional sales manager for life risk to build Zurich's adviser network. To date, Meyers was responsible for managing adviser relationships and ...

van Eyk acquires Encore Group

RACHEL DAVIS  |  WEDNESDAY, 7 DEC 2011
Investment research firm van Eyk has acquired financial services consulting firm the Encore Group. Encore provides business development, sales, marketing, human resources, back office and succession planning. Encore Group founding partner Graham Peatey ...

BT aligned advice boutique appoints new chief

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
Former Commonwealth Bank and Westpac executive Steve Watts has been appointed to the newly created chief executive role at Queensland advice boutique MQ Financial Services. MQ operates under the Magnitude Dealer Group license, which is part of BT Financial ...

Post-retirement risk in Australia: IMCA

CLAIRE MCGREAL  |  TUESDAY, 6 DEC 2011
The issue of post-retirement risk as a major challenge facing the financial services industry, was in the spotlight at the recent Investment Management Consultants Association conference in Sydney. Speakers at the Investment Management Consultants Association ...

Challenger dominates annuity market

ELISE BURGESS  |  MONDAY, 5 DEC 2011
It seems 2011 is the year of the annuity with sales of the retirement product closing in on $2 billion for this year alone, according to research by Plan For Life, with Challenger dominating the space. According to the latest figures, the total number ...

She's becoming right, mate

BENJAMIN ONG  |  MONDAY, 5 DEC 2011
No doubt financial markets are still basking in the afterglow of last week's equity rally - which for many had been the best in more than three years. The S&P 500 index ended the week up 7.4% with the All Ords not that far behind as it posted a 7.1% ...

Market Wrap - Morning

AAP  |  MONDAY, 5 DEC 2011
Australian shares are set to for a relatively flat start to the week after little movement on Wall Street on Friday and as the world waits for action from European leaders. At 0749 AEDT on Friday, the December share price index futures contract was ...