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BENJAMIN ONG  |  TUESDAY, 29 MAY 2012
Think somebody forgot to remind the Australian stock market that we're still in May. Sell, sell, sell in May remember? The All Ordinaries index jumped just a few points shy of a full percent yesterday despite a negative lead in the final day of trading ...

Market Wrap

AAP  |  FRIDAY, 25 MAY 2012
... BHP Billiton was down 22.5 cents to $31.765, while Rio had shed nine cents to $56.27. ANZ was the worst performer among the big four banks, down 12.5 cents to $20.345. Commonwealth had lost 28.5 cents to $49.025, NAB was down 11 cents to $23.37 and Westpac ...

XPLAN upgrades for goals based advice

LINDA HAUSKEN  |  FRIDAY, 25 MAY 2012
... meet all the client's goals simultaneously," said Michael Kinens, IRESS senior business development executive. "This is a big ask and the approach has sometimes overwhelmed new clients and made them feel that financial planning cannot help them meet ...

Market Wrap

AAP  |  WEDNESDAY, 23 MAY 2012
... annual general meeting. In Australia, the market on Tuesday enjoyed its second consecutive day of recovery from last week's big drops, driven by overnight offshore leads. At the close on Tuesday, the benchmark S&P/ASX200 index was up 47.4 points, or ...

IMCA: Asset allocation future uncertain

LINDA HAUSKEN  |  TUESDAY, 22 MAY 2012
Discussion around whether traditional strategic asset allocation approaches are still appropriate or whether the industry needs to reframe the way it manages retirement money, dominated an IMCA roundtable yesterday. "There is now more than ever a general ...

AIA innovates around adviser feedback

BEN COLLINS  |  MONDAY, 21 MAY 2012
Life insurance specialist AIA Australia has enhanced its Priority Protection product, expanding the product range to include a superannuation income protection option that will allow advisers to offer clients insurance within super. The new Super IP ...

Investors focus on Russian consumer stocks

MELANIE TIMBRELL  |  MONDAY, 21 MAY 2012
... down to virtually an all time low - about 4.5% in Russia and rates have come down. There's one bank in Russia we have quite a big holding in called Sparebank, which is the old Soviet savings bank and it is offering mortgages today at 8% for 8 yrs fixed. ...

Market Wrap

AAP  |  MONDAY, 21 MAY 2012
The Australian market looks set to open lower following on from last week's falls across major bourses with investors concerned over the euro zone and sentiment rocked by a ratings downgrade for Greece and 16 Spanish banks. At 0850 AEST on Monday, the ...

Facebook IPO price raises queries on value

MELANIE TIMBRELL  |  FRIDAY, 18 MAY 2012
... of product, with more than 500 million people regularly visiting Facebook, it's still not clear how they will monetise this big audience. "So for that kind of uncertainty around a value of 100 times earnings, I would certainly rather wait and see how ...

Market Wrap

AAP  |  FRIDAY, 18 MAY 2012
Australian stocks have sunk to their lowest level this year as investors begin to panic over the crisis in Europe after reports of a run on Spanish banks. Europe's main stock markets tumbled and the euro hit a new four-month US dollar low as worries ...