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CFS upgrades its FirstWrap Platform

LINDA HAUSKEN  |  FRIDAY, 22 JUN 2012
... FirstChoice platform in February 2011, e-Post now accounts for more than 22 per cent of all administration requests on FirstChoice. Next month, Colonial First State will be rolling out further enhancements to its FirstWrap platform. "We have been working ...

CommInsure adds to restructured advice team

MELANIE TIMBRELL  |  FRIDAY, 22 JUN 2012
... Wisdom as state manager Victoria/Tasmania and practice development manager/consultant. Bancroft and Knight join CommInsure next month, effective 11 July and 23 July, respectively.

Three reasons for alternatives

LINDA HAUSKEN  |  THURSDAY, 21 JUN 2012
... from volatility as main reasons for investment into the sector, leading Russell to anticipate rising allocations during the next three years. "The volatility experienced in the market today reinforces institutions desire to invest in alternatives," said ...

Fed twists again like it did last summer

BENJAMIN ONG  |  THURSDAY, 21 JUN 2012
... when most economic and survey data releases were beating market expectations months before. But I digress. Real GDP growth next year is now expected to be only around 2.2%-2.8% compared with April's estimate of 2.7%-3.1%. Lowered growth would bring a ...

Guardian Advice adds BT Life to insurer panel

BEN COLLINS  |  WEDNESDAY, 20 JUN 2012
... "We are going to review that annually, as we grow their might be a need or occupation that needs to be covered, but for the next 12 months five seems like the right amount. "We're very keen to grow our numbers to 200 [advisers] over the next few years." ...

Market Wrap - Midday

AAP  |  TUESDAY, 19 JUN 2012
... Monday, stocks closed mixed as traders rapidly digested the victory of pro-euro parties in Greece's election and focused on the next hurdle in Europe's marathon economic crisis. An earlier rally in Asia and Europe on the back of Greece's election results ...

MLC appoints head of practice management

LINDA HAUSKEN  |  TUESDAY, 19 JUN 2012
... always been committed to helping advisers build and develop their businesses and Jasia's appointment marks the start of the next evolution of our practice management offering," said Tom Reddacliff, general manager of MLC Advice Solutions. "Jasia has ...

BRIC slows on Europe woes

BENJAMIN ONG  |  TUESDAY, 19 JUN 2012
... deceleration. The Banco Central do Brazil has already reduced interest rates by 400 bps since August 2011 and is expected to go again next month. Russian rates are down by only 25 bps to date but easing inflation provides it scope to do more. Indian ...

Market Wrap

AAP  |  TUESDAY, 19 JUN 2012
... stocks have ended mixed as traders rapidly digested the victory of pro-euro parties in Greece's election and focus on the next hurdle in Europe's marathon economic crisis. An earlier rally in Asia and Europe on the back of Greece's election results Sunday ...

Business wary of PE: PwC

BEN COLLINS  |  MONDAY, 18 JUN 2012
... of between $10 million and $100 million. Of those businesses, 342 said they would be seeking funding for investment in the next 12 months, but only 5% of those businesses said they would consider private equity as a source of capital. Only 60% of respondents ...