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Market Wrap AM

AAP  |  FRIDAY, 17 APR 2015
... creditors. International Monetary Fund chief Christine Lagarde played down talk of Greece delaying its debt payment to the Fund next month. Citigroup gained 1.5 per cent after first-quarter net income rose about 21 per cent to $US4.8 billion on lower ...

Midwinter launches scaled advice division

LAURA MILLAN  |  THURSDAY, 16 APR 2015
... been involved in so much of the activity occurring," Midwinter director James Murphy said. "We see many opportunities in the next twelve months from planners and advice firms investing in technology to improve their productivity and engagement with clients," ...

Bernie Ripoll to retire from federal politics

LAURA MILLAN  |  WEDNESDAY, 15 APR 2015
Labor MP and architect of the first Future of Financial Advice (FoFA) reforms Bernie Ripoll will not contest the next federal election. Ripoll announced the decision on his Facebook page and said that he will finish his term as an MP and will continue ...

Ethnic diversity more concerning than pay

LAURA MILLAN  |  WEDNESDAY, 15 APR 2015
... designed to increase the number of talented females in senior and executive roles, and we feel that this program will be the next step in ensuring breakthrough success in this area," she added. Referring to the respondents' concern about flexibility ...

Suncorp names new chief executive

ALEX BURKE  |  WEDNESDAY, 15 APR 2015
... combined with his disciplined and long-term approach to business makes him the ideal person to lead the company through its next phase of growth." He also praised Snowball's tenure at the company, adding that "[Snowball] has steered the Suncorp Group ...

Cheap talk, cheaper money

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2015
... Sentiment Survey. AAII members grew more cautious overall, as fewer members anticipated price increases or flat markets over the next six months." The talk. Based on AAII's sampling of responses, this is because: "Gone from bullish to neutral largely ...

Investors plan to up active allocation

MARK SMITH  |  TUESDAY, 14 APR 2015
Australian investors want to increase their allocation to active management over the next 12 months, according to a new survey from Franklin Templeton Investments. The global fund manager asked more than 100 attendees at its recent Asia Pacific Investor ...

FOS decries unpaid compensation

DARREN SNYDER  |  TUESDAY, 14 APR 2015
... service's submission to the Financial System Inquiry Final Report which is aiming to map a blueprint for the sector over the next decade. "As previously raised in our submissions to the Inquiry, one of the key issues that FOS considers should be addressed ...

NZ Super suspends Milford AM mandate

LAURA MILLAN  |  MONDAY, 13 APR 2015
... of its existence or its duration." The FMA has revealed that it expects to conclude the Milford investigation within the next few weeks.

Floating in money

BENJAMIN ONG  |  MONDAY, 13 APR 2015
... time. Similarly, that for emerging economies went from 7.5% pre-GFC to around 6.5% post and predicted to just 5.2% over the next half decade.... and these, if we could put a certain level of reliability in the IMF's forecasts. Woefully, looking at zerohedges's ...