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Get longevity risk right on DLAs, warns APRA

JAMES FERNYHOUGH  |  THURSDAY, 10 OCT 2013
... Australian Prudential Regulation Authority (APRA). Speaking at an event in Sydney yesterday, Laughlin said that APRA will pay close attention to DLA providers' longevity risk calculations, in addition to investment, reinvestment and underwriting risks. ...

There is fear in the market

BENJAMIN ONG  |  THURSDAY, 10 OCT 2013

Market Wrap AM

AAP  |  THURSDAY, 10 OCT 2013
... Bernanke failing to offset jitters over the US budget showdown. London's benchmark FTSE 100 index dropped 0.44 per cent to close at 6,337.91 points, while Frankfurt's DAX 30 fell 0.46 per cent to 8,516.69 points, and the CAC 40 in Paris slid 0.16 per ...

Market Wrap

AAP  |  WEDNESDAY, 9 OCT 2013
The Australian stock market has opened lower for the fourth straight session as concerns about political gridlock in the US hit investor sentiment across the globe. A standoff between Republicans and Democrats in Congress has already caused the partial ...

Obama expected to pick Yellen as US Fed chair

MARK SMITH  |  WEDNESDAY, 9 OCT 2013
... withdrew from consideration amid mounting opposition from Democrats on the Senate Banking Committee - reinforced by his close association with Obamacare, the Frank-Dodd reforms and the post-GFC auto stimulus. US Senator Charles Schumer, the third-ranking ...

Bears out a-haunting

BENJAMIN ONG  |  WEDNESDAY, 9 OCT 2013
... next, don't you? The bears will be coming out in force a-haunting. Whoops, sorry... they have already. But never mind, we're close to Halloween anyways. PIMCO CEO and co-CIO Mohamed El-Arian takes first bite. "You will have cascading failure, multiple ...

Market Wrap AM

AAP  |  WEDNESDAY, 9 OCT 2013
The Australian market looks set to open lower following falls on international markets as the US budget standoff enters its eighth day with no end in sight, stoking worries of a catastrophic default. At 0800 AEDT on Wednesday, the December share price ...

AustralianSuper awards Sevior $1.2bn mandate

LAURA MILLAN  |  TUESDAY, 8 OCT 2013
Fund manager John Sevior's Airlie Funds Management has attracted close to $1.2 billion from AustralianSuper. The former Perpetual star fund manager founded Airlie last year and AustralianSuper awarded Sevior's start-up with its fifth largest mandate ...

Australia's second SBB hits $10m target

JAMES FERNYHOUGH  |  TUESDAY, 8 OCT 2013
Australia's second social benefit bond (SBB), issued by the Benevolent Society in partnership with the Commonwealth Bank of Australia and Westpac, has closed after raising its target $10 million. The Benevolent Society SBB, which will help fund the ...

Insto investors want better marketing material

ALEX DUNNIN  |  TUESDAY, 8 OCT 2013
When being presented with marketing material from investment managers, institutional investors suffer the same poor standard of fund information as retail investors, reveals new research from specialist alternative investment researcher Preqin. Top ...