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Market wrap

AAP  |  WEDNESDAY, 12 NOV 2014
... economist Tony Farnham said. "There's been a little bit more selling," he said. "People are starting to look ahead to the next day in terms of Asian trading and trying to second guess what's happening to iron ore prices." BHP dropped 57 cents to $33.60 ...

Sally Loane new CEO of the Financial Services Council

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... financial services moves from an era of the most significant changes in regulation and legislation in its history to its next phase of being an export and growth industry for Australia." Loane said, "Financial services is the engine room of the Australian ...

Bond experts reiterate need for flexible duration strategy

MARK SMITH  |  TUESDAY, 11 NOV 2014
... flexible duration strategy designed to mitigate interest rate risk and improve returns can help bond investors navigate the next stage in the interest rate cycle," he finished.

Gold Coast advice firm enters EU over misleading ads

LAURA MILLAN  |  TUESDAY, 11 NOV 2014
... plan to rectify any deficiencies identified by the expert. The independent expert will report regularly to ASIC over the next year on Equanimity's implementation of the plan.

Scale not what it used to be

STAFF WRITER  |  TUESDAY, 11 NOV 2014
... SelectingSuper awards shortlist for 2014 shows that scale isn't the factor it once was. The 2014 SelectingSuper awards are on again next week in Melbourne and an analysis of the shortlisted finalists shows that boutique and mid-sized funds make up 14 ...

Shanghai-HK Connect connects China to the world

BENJAMIN ONG  |  TUESDAY, 11 NOV 2014
... same time give mainland investors access to Hong Kong-listed scripts via the Shanghai exchange. China is opening up! From next Monday on, investment limits on foreign institutional investors wanting to invest in the Chinese stock market - instituted ...

EY appoints family office specialist

MARK SMITH  |  MONDAY, 10 NOV 2014
EY has appointed a new partner to lead its Oceania family office services practice. Richard Boyce has more than 24 years' experience advising high-net-worth individuals and families including in establishing and running family offices. As a fifth-generation ...

Paul Barrett resurfaces in partnership with Italian manager

LAURA MILLAN  |  FRIDAY, 7 NOV 2014
... planning business partly-owned by Italian independent asset manager Azimut. Barrett is now the chief executive officer of Next Generation Advisory (NGA), which started providing financial planning services to retail, high net worth and institutional ...

Highest paid execs in super revealed

JAMES FERNYHOUGH  |  THURSDAY, 6 NOV 2014
... super funds by funds under management. Of those ten, no information could be found regarding State Super. After Vilgan, the next highest-paid chief executive was UniSuper's Kevin O'Sullivan, who earned $816,564, followed by AustralianSuper's Ian Silk ...

Retail fund members most likely to establish SMSFs

LAURA MILLAN  |  THURSDAY, 6 NOV 2014
... funds (SMSFs), according to CoreData research. As many as 4.8% of retail fund members are likely to set up an SMSF in the next 12 months, and 17.8% are likely to do so in the next five years, CoreData's 2014 Member Retention Report shows. Intention to ...