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Market Wrap PM

AAP  |  WEDNESDAY, 7 MAY 2014
The share market is lower due to falls on overseas markets and uncertainty about what will be contained in next week's Federal budget. "The federal budget is having a big dampening impact on buying in the market, and until that is done and dusted there's ...

ISA and FSC prepare for Federal Court clash

JAMES FERNYHOUGH  |  WEDNESDAY, 7 MAY 2014
... and research activities. The remaining 10 contribute to ISA's advertising campaigns, and have the 'Industry SuperFund' logo next to their own logos. The FSC represents the for-profit retail superannuation, investment management, life insurance and financial ...

Promises promises and broken promises

BENJAMIN ONG  |  WEDNESDAY, 7 MAY 2014
... bank scope to lower interest rates should it become necessary. And it might... be necessary... soon enough, particularly if next week's Budget turn out to be as tough as Tony and Joey telegraphed it to be. Already, consumer and business confidence have ...

The Infrastructure Fund looking to add to Port of Newcastle purchase

MARK SMITH  |  TUESDAY, 6 MAY 2014
... unitholders, as well as capital from new unitholders, TPCG closed the Port of Newcastle deal and is already actively pursuing the next deal on the horizon. TIF will continue to seek out and invest in infrastructure assets that will help Australia build ...

Regulation tops Australian business risk survey

LAURA MILLAN  |  TUESDAY, 6 MAY 2014
... executive Lambros Lambrou said. Following regulatory and legislative change, concern about local economic conditions is the next biggest worry. Australia's business sentiment continued to languish in 2013 and 2014 fuelled by predictions of a slowdown ...

CommInsure launches tailored SMSF insurance product

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
CommInsure will launch a life insurance product tailored to members of self-managed superannuation funds (SMSFs) next week. The product is an enhanced version of its Total Care Plan Super product, updated to meet the new requirements in the Superannuation ...

Custodians fight hard for big super deals

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... begin with a briefing, and are followed by a request for proposals (RFP), which can contain as many as 500 questions. In the next phase, the super fund will conduct face-to-face meetings, which can often go on for three days for each custodian. Following ...

Mother doesn't know

BENJAMIN ONG  |  MONDAY, 5 MAY 2014
... Board's latest consumer confidence report shows the percentage of consumers who think that jobs would be hard to get in the next 6 months increased sharply by 1.1 percentage points to 32.5% in April while those expecting jobs to be plentiful declined ...

CBA likely to appoint from within for CIO role

STAFF WRITER  |  FRIDAY, 2 MAY 2014
... member of the group's executive committee.A On behalf of the entire group, we wish Michael all the very best as he pursues the next phase of his career."

ECB to stay in May

BENJAMIN ONG  |  FRIDAY, 2 MAY 2014
... currently unwinding and the Bank of England's (BOE) about to do. At least, not on 8 May when the ECB's governing council next meets. Then again, perhaps it might not need to do anything. As Draghi explained early last month, "While inflation will remain ...