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AFM appoints senior insto account leader

ALEX DUNNIN  |  THURSDAY, 20 AUG 2009
AFM Investment Partners have appointed a senior institutional sales manager to lead their key account management and consultant relations strategy. Craig Barnes, who has held senior positions with Centro Properties, HSBC, Austock and National Asset ...

Market Wrap - Morning

AAP  |  THURSDAY, 20 AUG 2009
The Australian share market has received generally positive leads from overseas, with Wall Street indices closing higher, oil up strongly, and metals returning flat results. At 0735 AEST on the Sydney Futures Exchange, the September share price index ...

New head of sales for Macquarie Wrap

COMPANY RELEASE  |  WEDNESDAY, 19 AUG 2009
Macquarie Adviser Services has appointed ex-AMP executive Cameron Spittle as head of sales for Macquarie Wrap and Macquarie's cash solutions. With more than a decade of experience in the financial services industry, Spittle joins Macquarie after eight ...

Challenger to ramp up life and funds mgmt after mortgage sale

MICHELLE BALTAZAR  |  TUESDAY, 18 AUG 2009
... Challenger Financial Services said it intends to focus its resources on its life and funds management businesses following the sale of its mortgage management division to NAB for $385 million. This morning NAB and Challenger confirmed newspaper reports ...

Planner remuneration disclosure isn't working: ASIC

ALEX DUNNIN  |  TUESDAY, 18 AUG 2009
The campaign to fix perceptions of adviser conflicts of interest has escalated into total war following ASIC's 184 page submission to the Ripoll Inquiry that asks the government to consider whether any form of remuneration from product manufacturers ...

Actuaries call for advice 'stress test'

COMPANY RELEASE  |  MONDAY, 17 AUG 2009
... such a high risk strategy," said Cook. In addition to the stress test, the institute also recommended restrictions on the sale of certain structured products, limitations on the word 'guarantee' and changes to the way financial planners are paid.

Fear not a rate rise

BENJAMIN ONG  |  MONDAY, 17 AUG 2009
Uh, oh! Wall Street wobbled again at the end of last week. But nothing has changed really. Data releases remained mixed - characteristic of an economy that is at an inflection point. Over the past week, the Dow was down 0.5 per cent, the S&P 500 fell ...

It's coming true

BENJAMIN ONG  |  FRIDAY, 14 AUG 2009
"Such a feelin's comin over me There is wonder in most everything I see Not a cloud in the sky Got the sun in my eyes" (Carpenters) Wall Street snubbed what was broadly a bad news day and instead merrily hummed, "Everything I want the world to be, is ...

Market Wrap - Morning

AAP  |  FRIDAY, 14 AUG 2009
The Australian sharemarket is expected to open higher after US stocks gained, despite disappointing news on retail sales and jobs. Higher precious metals and oil prices are expected to lift the local bourse, too. At 0720 AEST on the Sydney Futures Exchange ...

Irrationally exuberant greater fool

BENJAMIN ONG  |  WEDNESDAY, 12 AUG 2009