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Financial Wisdom and Count also subject to higher standards

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
Advisers at Commonwealth Bank-owned (CBA) Financial Wisdom and Count Financial will be subject to higher education standards from today, joining their counterparts at Commonwealth Financial Planning and BW Financial Advice. The new standards apply to ...

PROFILE: Goldman Sachs Asset Management head of fixed income for Asia-Pacific Philip Moffitt

MARK SMITH  |  THURSDAY, 23 OCT 2014
... once a dairy farm, Moffitt completed his degree in economics and landed himself a job as a cadet economist at the Reserve Bank in 1986. The futures market had just been established, the superannuation industry was starting up and the Labor government ...

Market wrap

AAP  |  THURSDAY, 23 OCT 2014
... cents to $60.28 and Fortescue Metals was 10 cents weaker at $3.56. The banks were mixed during morning trade. Commonwealth Bank added 11 cents to $77.68, Westpac gained one cent to $33.75, but ANZ shed two cents to $32.66 and National Australia Bank ...

Global deflation - the next worry?

BENJAMIN ONG  |  THURSDAY, 23 OCT 2014
The details are still sketchy as I type but the shootings at Canada's Parliament in Ottawa may just have been the reason dip-buyers were waiting for to cash in the gains they bought during the previous week's bigger than usual dips. Not because of oil ...

Market Wrap AM

AAP  |  THURSDAY, 23 OCT 2014
... the December share price index futures contract was down 28 points at 5,349. Locally, in economic news on Thursday, Reserve Bank of Australia governor Glenn Stevens is scheduled to address the annual general meeting of the Australian Payments and Clearing ...

Market wrap

AAP  |  WEDNESDAY, 22 OCT 2014
... monetary stimulus in Europe and good home sales figures. Upbeat US home sales data and speculation that the European Central Bank may buy corporate bonds to tackle slowing inflation rates in the region boosted US markets overnight, CommSec market analyst ...

US$200b a quarter to keep the bulls going

BENJAMIN ONG  |  WEDNESDAY, 22 OCT 2014
... we find that the ECB has started buying covered bonds and could even do more. Reuters reported that, "The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view ...

Market Wrap AM

AAP  |  WEDNESDAY, 22 OCT 2014
... set to open higher after international markets shot up on strong Chinese economic growth data and rumours Europe's central bank will step up its monetary stimulus. At 0805 AEDT on Wednesday, the December share price index futures contract was up 55 points ...

Market Wrap PM

AAP  |  TUESDAY, 21 OCT 2014
... guidance, despite a 12 per cent fall in its gold production in the September quarter. As for the banks, the Commonwealth Bank lifted four cents to $77.30, ANZ added six cents to $32.51, National Australia Bank advanced eight cents to $33.52, but Westpac ...

MySuper fees approaching KiwiSaver best practice

STAFF WRITER  |  TUESDAY, 21 OCT 2014
... Council of Financial Regulators (a NZ official group that includes the NZ Financial Markets Authority; NZ Treasury; the Reserve Bank of NZ; and the Ministry of Business, Innovation and Employment) it was revealed that the weighted average Total Expense ...