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Market Wrap - Morning

AAP  |  MONDAY, 1 AUG 2011
... depressed as investors worried about the looming threat of a default by the US government or a downgrade of the United States's top-notch credit rating. Bond prices rallied. The yield on the 10-year Treasury fell to 2.81 per cent from 2.95 per cent late ...

Market Wrap - Midday

AAP  |  FRIDAY, 29 JUL 2011
... $24.27, while Westpac was flat at $20.65. Telstra was one cent higher at $3.01. At 1215 AEST, the worst performing stock in the top 100 was Sims Metal Management Ltd, its shares down 54 cents, or 3.1 per cent, at $16.87. Westfield shares sank nine cents ...

ASIC looks to reshape retail advice

ELISE BURGESS  |  FRIDAY, 29 JUL 2011
Client preference for scalable advice rather than a holistic approach has lead the Australian Securities and Investments Commission to propose a replacement regulatory guide. ASIC proposes that its Regulatory Guide 200 (RG 200) be replaced with a new ...

Complicating the simple

BENJAMIN ONG  |  FRIDAY, 29 JUL 2011
... Reuters: "It was unclear whether the deficit reduction bill presented by House of Representatives Speaker John Boehner, the top Republican in Congress, would overcome objections from conservative rebels in his own party and pass the Republican-controlled ...

Market Wrap - Morning

AAP  |  FRIDAY, 29 JUL 2011
... United States, but reassured by earnings news while the euro fell against the dollar. London's benchmark FTSE 100 index of top shares was up 0.28 per cent at 5,873.21 points. In Frankfurt, the DAX fell 0.86 per cent to 7,190.06 points and in Paris the ...

Adviser fee structures hit the spotlight

ALISON BEVEGE  |  THURSDAY, 28 JUL 2011
Fee structures for financial advisers was a hot topic at a national roadshow in Sydney yesterday with revelations that asset-based fees could not be charged on geared clients. Stewart Bell, executive consultant from Elixir Consulting, gave a detailed ...

Fund manager recommends less defensive retirement

MATT WOODINGTON  |  WEDNESDAY, 27 JUL 2011
Turning 65 does not necessarily mean it is time to revert to an ultra defensive investment portfolio, providing it holds the right assets, according to Ashton Reid, portfolio manager of Legg Mason's Real Income Fund. Retirement income products are a ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 27 JUL 2011
... borrowing in sovereign bond auctions despite the second rescue of Greece last week. In London, the benchmark FTSE 100 index of top shares was up by 0.08 per cent at 5,929.73 points. In Frankfurt, the DAX eased up 0.07 per cent to 7,349.45 points, but ...

Fund flows push life risk market to $9.5b

ALISON BEVEGE  |  TUESDAY, 26 JUL 2011
Life risk insurance is enjoying steady growth and group risk sales have jumped as large deals change hands, latest figures show. Risk premium inflows increased to $9.5 billion in the year to March, an increase of 10.4% over the $8.6 billion collected ...

No way USA can't repay

BENJAMIN ONG  |  TUESDAY, 26 JUL 2011
Chicken Little's back! It's back telling everyone who cares to listen that "the sky is falling". Chicken Little knows. "I saw it with my eyes, I heard it with my ears, and a bit of it fell on my head" (The Sky is Falling) as it watched the Democrats ...