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AMP targets SMSFs for infrastructure and property funds

JAMES FERNYHOUGH  |  FRIDAY, 28 JUN 2013
AMP Capital is launching a website as part of a new marketing campaign aimed at encouraging self-managed superannuation fund (SMSF) investors to branch out into infrastructure and non-residential property. While residential property is a popular investment ...

Market Wrap

AAP  |  FRIDAY, 28 JUN 2013
... $31.17 but Rio Tinto adding eight cents to $51.87. On Wall Street, the Dow Jones Industrial Average rose 0.77 per cent to close above 15,000 points for the first time since June 19, following a drop in jobless claims and a big increase in pending home ...

UK RDR market impacts gathering pace

ALEX DUNNIN  |  FRIDAY, 28 JUN 2013
Four in 10 UK financial advisers believe that, due to the impact of the Retail Distribution Review, within three years they will have closed down, merged or been acquired. The stark results are based on an ongoing survey program by the actionconsulting ...

Market Wrap AM

AAP  |  FRIDAY, 28 JUN 2013
... Thursday. Frankfurt's DAX 30 rose 0.63 per cent to end trading at 7,990.75 points and in Paris the CAC 40 rose 0.97 per cent to close at 3,762.19 points. Madrid's main index edged up 0.27 per cent and Milan gained 0.44 per cent. The euro rose to $1.3016 ...

Two new MySuper approvals bring total to 43

MARK SMITH  |  THURSDAY, 27 JUN 2013
... total number of Australian Prudential Regulation Authority (APRA) sanctioned funds to 43 as the financial year draws to a close. NGS Super has made its Diversified investment option - currently the default product - compliant with MySuper. NSF's product ...

Market Wrap AM

AAP  |  THURSDAY, 27 JUN 2013
... while Frankfurt's DAX 30 index finished up 1.66 per cent at 7,940.99 points and in Paris the CAC 40 added 2.09 per cent to close at 3,726.04 points. Madrid's main index shot up 2.83 per cent, with shares in Spanish banks leading the charge, and in Milan ...

EQT appoints Mercer as asset consultant

JAMES FERNYHOUGH  |  WEDNESDAY, 26 JUN 2013
Financial services company Equity Trustees Limited (EQT) has appointed Mercer as asset consultant for its retail and institutional businesses. Mercer will also assist EQT in meeting its regulatory and legislative obligations. "Mercer met our strict ...

Market Wrap AM

AAP  |  WEDNESDAY, 26 JUN 2013
... the withdrawal of US economic stimulus, dealers say. London's FTSE 100 index of leading shares climbed 1.21 per cent to close at 6,101.91 points on Tuesday, Frankfurt's DAX 30 index jumped 1.55 per cent to 7,811.30 points, while in Paris the CAC 40 gained ...

Whittaker Macnaught advisers to operate under Financial Wisdom

LAURA MILLAN  |  TUESDAY, 25 JUN 2013
... Services Licence (AFSL). Commonwealth Bank Wealth Management Advice said that this was the last step of its decision to close the Whittaker Macnaught AFSL, which was made public last month after conducting a review of the firm's operations. As many as ...

Market Wrap

AAP  |  TUESDAY, 25 JUN 2013
... losses in morning trade after opeing more than one per cent lower, but should make something of a late recovery into the close. The local market is still reeling from the US Federal Reserve last week signalling it could soon start winding back its economic ...