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Market Wrap - Morning

AAP  |  TUESDAY, 10 AUG 2010
... performance among energy and financial stocks. The benchmark S&P/ASX200 index closed up 28.8 points, or 0.63 per cent, to close at 4,594.9 points, while the broader All Ordinaries index finished up 29.3 points, or 0.64 per cent, at 4,615.6 points.

Top CEOs back statutory fiduciary duty for advisers

MICHELLE BALTAZAR  |  MONDAY, 9 AUG 2010
The country's top executives in financial services said that the Ripoll Inquiry recommendation to impose statutory fiduciary duty for financial advisers is the best way to improve the quality of advice, a survey shows. The Financial Services Council/PricewaterhouseCoopers ...

UBS property fund gets three stars

S&P RELEASE  |  MONDAY, 9 AUG 2010
Standard & Poor's Fund Services has assigned its three-star 'new' rating to the UBS Property Securities Fund. The ratings house placed the fund 'On Hold' in October 2009 when its co-portfolio managers resigned and management was transitioned to the ...

Market Wrap - Morning

AAP  |  MONDAY, 9 AUG 2010
The Australian stock market received mixed leads from offshore markets over the weekend, with Wall Street closing lower and oil prices ending weaker, but precious metals were higher. At 0729 AEST on the Sydney Futures Exchange, the September share price ...

FPA and RIAA team up for planners

COMPANY RELEASE  |  WEDNESDAY, 4 AUG 2010
The Financial Planning Association of Australia pairs up with the Responsible Investment Association Australasia (RIAA) to promote responsible investment advice to its members. The partnership is part of the FPA's push to improve educational opportunities ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 4 AUG 2010
... Perth. The Diggers and Dealers Mining Forum in Kalgoorlie concludes. On Tuesday, Australian stocks posted their strongest close in six weeks, led by gains among mining stocks and despite giving up ground amid weak retail sales data. The benchmark S&P/ASX200 ...

Alaska SWF beats target return by 2pc

MICHAEL HOBBS  |  TUESDAY, 3 AUG 2010
... those bonds, harvesting the underlying gains and producing the outstanding returns." The fund's US stock portfolio returned close to 16 per cent while the non-US portfolio returned close to 12 per cent. The global shares portfolio posted similar returns ...

Gen-Y super Individuum shuts down

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
... and shut down approximately a year ago, according to an IOOF spokesperson. The spokesperson said the firm's decision to close down the fund followed a review of its operations after IOOF and Australian Wealth Management merged in April last year. Individuum ...

Market Wrap - Midday

AAP  |  MONDAY, 2 AUG 2010
... some foreign money coming in here." At 1035 AEST, the Australian dollar was trading at $US0.9095/99, up from Friday's local close of $US0.9012/14. Mr Weston said he expected trading volumes on Monday to be lower than usual, given it was a bank holiday ...

Which way USA

BENJAMIN ONG  |  MONDAY, 2 AUG 2010
"Am I not pretty enough?" - Kasey Chambers This remains 2010's biggest question as we bade July bye bye. Just look at Wall Street's reaction over the weekend when America's real GDP results for the second quarter was released. What reaction? There was ...

Editor's Choice

Mercer Super chief executive steps down

RIDDHIMA TALWANI  |   12:01PM
Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI  |   11:30AM
The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI  |   12:13PM
L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI  |   11:50AM
Apostle Fund Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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Blake Briggs

Blake Briggs

CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
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