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This Week's Market Movers (21-25 July 2008)

BENJAMIN ONG  |  MONDAY, 21 JUL 2008
The week ahead will be a busy one, giving financial markets plenty of information to discern the near-term outlook for growth and inflation. Australia: The Australian Bureau of Statistics release of the Consumer Price Index (CPI) report for the June ...

Introducing the Burnie Pub PDS

MICHELLE BALTAZAR  |  FRIDAY, 18 JUL 2008
The government moves to scrap Latin-like, 100-page product disclosure statements (PDSs) in favour of plain English four-page forms by creating a template to prove it can be done. Today Senator Nick Sherry, Minister for Superannuation and Corporate Law ...

Westpac restructures fin services and tech

MICHELLE BALTAZAR  |  THURSDAY, 17 JUL 2008
Westpac is combining the front-end of its Business Financial Services and Consumer Financial Services divisions and is replacing its existing Business Technology Solutions and Services (BTSS) arm with two new business units. The move to restructure ...

One-size rule does not fit advice

RUTH LIEW  |  THURSDAY, 17 JUL 2008
The current "one size fits all" regulatory approach should be reviewed to reduce cost and improve the accessibility of financial advice for consumers, said the Financial Planning Association of Australia. In its submission to the Financial Services ...

BlackRock absorbs Impact

MICHELLE BALTAZAR  |  WEDNESDAY, 16 JUL 2008
A new technology designed to help fund managers better demonstrate their investment methodology to clients is going to be exported in a big way after US giant BlackRock flagged plans to buy IT outfit Impact Investing. The deal is significant not only ...

EQT jumps on board with Bravura

RUTH LIEW  |  WEDNESDAY, 16 JUL 2008
Bravura Solutions Limited has rubber-stamped a five-year contract with wealth management firm Equity Trustees Limited (EQT) to implement the tech company's portfolio administration solution, Garradin. EQT has called on Bravura to upgrade its business ...

SuperTrace cuts fees and jazzes website

RUTH LIEW  |  TUESDAY, 15 JUL 2008
SuperTrace Eligible Rollover Fund (ERF) has axed benefit payment fees and unveiled a new online search function to help customers find and consolidate lost and inactive super accounts. SuperTrace confirmed that it is eliminating all direct member fees ...

SERF selects JANA as asset consultant

MICHAEL HOBBS  |  TUESDAY, 15 JUL 2008
Stevedoring Employees Retirement Fund (SERF) appointed JANA Investment Advisers as its asset consultant ahead of its proposed merger with the Seafarers Retirement Fund (SRF). Previously, SERF employed FuturePlus as its asset consultant and then employed ...

Traders join iPhone revolution

RUTH LIEW  |  MONDAY, 14 JUL 2008
As scores of Mac fans queue outside the Sydney Apple store for their iPhones, online banking giant CommSec and CFD provider IG Markets join the Mac revolution by enabling trades through iPhones. Rather than just accessing a website through the iPhone ...

This Week's Market Movers (14-18 July 2008)

BENJAMIN ONG  |  MONDAY, 14 JUL 2008
Macroeconomic indicators set for release this week are not expected to deviate from the ongoing global theme of slowing growth and higher inflation. Australia Reserve Bank of Australia (RBA) Governor Glenn Stevens address on the "Challenges for Economic ...