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| | | AMP has come down hard on the government's draft FOFA legislation, saying the Bill as it stands had "so many problems" a "rigorous stocktake" was needed. Appearing before the Parliamentary Joint Committee yesterday, managing director AMP Financial Services ... |
| | | | ... damage Australians' ability to access quality advice, thereby contravening the stated aim of FOFA. "Opt-in is about increasing red tape to consumers. It's also effectively having the government at the table telling Australians and their advisers how ... |
| | | | The Australian stock market at noon on Monday was slightly lower as investors awaited news on the Greek debt situation. At 1200 AEDT, the benchmark S&P/ASX200 index was 7.4 points, or 0.17 per cent, weaker at 4,232.2 points, while the broader All Ordinaries ... |
| | | | Nearly half of all SMSF members are women, which is helping to reduce the gender gap in retirement savings according to Australia's peak SMSF body. Pointing to recently released figures from the tax office that reveal 46% of SMSF trustees are female ... |
| | | | The global exchange-traded product industry hit $1.5 trillion by year end, up 2.9%, with net inflows of $151.9 billion in 2011, according to the latest ETP Landscape report from the BlackRock Investment Institute. The exchange-traded product (ETP) market ... |
| | | | Something looks wrong - very, very wrong - with how financial markets are conducting themselves nowadays. Investors greeted 2012 with almost universal agreement that the global growth outlook would be worse than it was in 2011 - the World Bank recently ... |
| | | | The Australian market looks set to open higher following Wall Street's positive lead. At 0756 AEDT on Friday, the March share price index futures contract was up 28 points at 4,225. No major economic or equities news is expected on Friday. In Australia ... |
| | | | Australian shares have trimmed early gains after disappointing jobs data weighed on optimism driven by strong energy results and stronger-than-expected results from Goldman Sachs. Market-beating results from Woodside Petroleum and Santos pushed energy ... |
| | | | The Australian market looks set to open higher after Europe finished mixed with Greece preparing to resume talks on a crucial debt write-off deal and the International Monetary Fund (IMF) saying it will raise new money to increase its financial firepower. ... |
| | | | Australia is now successfully processing electronically traded managed funds. Independent network provider Calastone made the announcement this morning following a local pilot program involving platforms, custodians and asset managers including Aberdeen ... |
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