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BT Wrap first to hit tax statement deadline

MARK SMITH  |  MONDAY, 15 OCT 2012
BT Wrap has become the first major Australian platform to deliver all of its investors' Wrap Tax Statements for 2012. The product provider benefited from improvements to its administration system to deliver statements to more than 200,000 investors ...

Market Wrap AM

AAP  |  MONDAY, 15 OCT 2012
... debt strains and weak outlooks for the global economy. London's FTSE 100 index of top companies dropped 0.62 per cent to close at 5,793.32 points, while in Frankfurt the DAX 30 fell by 0.68 per cent to 7,232.49 points and in Paris the CAC 40 gave up ...

Market wrap late AM

AAP  |  FRIDAY, 12 OCT 2012
... rally sparked by surprisingly good data on weekly jobless claims fizzled out, in part due to questions over the figures. At close on Thursday, the Dow Jones Industrial Average was down 18.58 points, or 0.14 per cent, at 13,326.39. London's benchmark ...

IOSCO recommends reforms to the $4.7tr MMF sector

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
An IOSCO review into the $4.7 trillion global money market fund sector has recommended further reforms to prevent a recurrence of the contagion crisis that fuelled the GFC in 2008. "Although money market funds (MMF) did not cause the crisis, their performance ...

Market Wrap AM

AAP  |  FRIDAY, 12 OCT 2012
The Australian market looks set to open slightly higher after a positive lead from overseas with markets shrugging off Standard & Poor's slashing Spain's credit rating and gaining added steam from a big drop in US jobs claims. At 0636 AEDT on Friday ...

Market Wrap

AAP  |  THURSDAY, 11 OCT 2012
... cents at $24.18. The spot price of gold in Sydney was $US1,761.50 per fine ounce, down 75 US cents from Wednesday's local close of $US1,762.25 per ounce. National turnover was 236.7 million securities worth $378.8 million, with 184 stocks up, 400 down ...

Market Wrap AM

AAP  |  THURSDAY, 11 OCT 2012
... took little notice of the improved view of the US economy from the Federal Reserve's regional "Beige Book" survey. At the close on Wednesday the Dow Jones Industrial Average was down 128.56 points, or 0.95 per cent, at 13,344.97. The S&P 500 dropped ...

APRA releases MySuper transition guidance

BEN COLLINS  |  THURSDAY, 11 OCT 2012
The prudential regulator announced today that it has released for public consultation its draft guidance for the transfer of funds under the MySuper legislation. The guidance is intended to assist registerable superannuation entity (RSE) licensees to ...

Market Wrap

AAP  |  WEDNESDAY, 10 OCT 2012
... 3.25 cents at 90.75 cents. The spot price of gold in Sydney was $US1,762.70 per ounce, down $US14.98 from Tuesday's local close of $US1,777.68 per ounce. National turnover was 624.5 million securities worth $1.3 billion, with 294 stocks up, 468 down ...

Board changes at Plan B

BEN COLLINS  |  WEDNESDAY, 10 OCT 2012
... IOOF announced that its offer, which is subject to 90% approval, would become unconditional. It was previously scheduled to close on 25 September after being extended from the original closing date of 11 September. In a brief statement lodged with the ...