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Market wrap

AAP  |  THURSDAY, 29 MAY 2014
The share market has recovered most of its early losses to be relatively flat. The big miners remain in negative territory amid heavy falls in the iron ore price, but gains by several industrial and energy stocks, as well as Telstra, are offsetting ...

AMP Capital introduces fossil fuel screening

JAMES FERNYHOUGH  |  WEDNESDAY, 28 MAY 2014
AMP Capital has announced it will screen out companies with a material exposure to fossil fuels in its Responsible Investment Leaders (RIL) range of funds, in response to client demand. The RIL Charter of Operation will now screen out companies that ...

Treasury consults on unclaimed monies time window

ALEX DUNNIN  |  WEDNESDAY, 28 MAY 2014
Treasury has issued a discussion paper announcing a review into the period before which monies held in inactive bank accounts and life insurance policies are transferred to the government. In releasing the discussion paper this week, Finance minister ...

The name is bonds

BENJAMIN ONG  |  WEDNESDAY, 28 MAY 2014
The Memorial Day holiday in the US must have put Wall Streeters in a good mood - they came back a-shopping and sent the S&P 500 index up to a fresh record high. As the Bellamy Brothers sang, "There's a reason for the sunshine sky there's a reason why ...

Market Wrap AM

AAP  |  WEDNESDAY, 28 MAY 2014
The Australian share market is set to open higher after encouraging US economic data pushed Wall Street higher. At 0700 AEST on Wednesday, the March share price index futures contract was six points higher at 5,533. In economic news on Wednesday, the ...

SPAA makes key corporate services appointments

LAURA MILLAN  |  TUESDAY, 27 MAY 2014
The SMSF Professional's' Association of Australia (SPAA) has appointed two executives to focus on corporate development and corporate services. Richard Hockney will be SPAA's general manager of corporate development, while Joshua Geers has been appointed ...

Help is on its way

BENJAMIN ONG  |  TUESDAY, 27 MAY 2014
If three weeks (almost) ago European Central Bank (ECB) president Mario Draghi still gave himself a bit of wiggle room not to act (or defer action) - "after having seen the Staff projections that will come out in early June" - he did none of that when ...

FPA reveals 10 point plan to improve advice

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Planning Association (FPA) has unveiled 10 key points to raise the standards of financial advice. The FPA presented the plan yesterday during the Senate Economics Committee hearing on the streamlining of the Future of Financial Advice ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
The two advice bodies have asked for a complete removal of commissions on general advice during their appearance at the Senate hearing about the Future of Financial Advice (FoFA). The Association of Financial Advisers (AFA) and the Financial Planning ...

Kerr Neilson: Against the grain

MARK SMITH  |  THURSDAY, 22 MAY 2014
Mark Smith speaks to Platinum Asset Management co-founderA Kerr Neilson on his views about philanthropy, his contrarian approach to investing and opportunities in the SMSF sector. The Neilson family certainly isn't afraid to go against conventional ...