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| | | ... 3,453.71 points in light trading. In Milan, shares rose 1.10 per cent and in Madrid gained 0.18 per cent, despite a bailout request to Spain's central government from region Andalusia. The euro rose to $US1.2598 on Monday, from $US1.2576 late in New ... |
| | | | ... price. The SMARTwrap Investment Account now offers access to over 200 managed funds, with a further 1,000 available upon request, all listed securities on the ASX, Separately Managed Accounts (SMAs), a range of Term Deposits and a choice of cash accounts. ... |
| | | | Institutional investors are increasingly demanding that Environmental, Social and Governance principles be considered in mandate design - and it needs to be from a macro-level, said Solaris Investment Management. "Several of Solaris' institutional clients ... |
| | | | Custody and asset administration body ACSA has said that while it supports the regulator's focus on technology, it is engaging with ASIC around expectations concerning some aspects of custodian behaviour. The Australian Custodial Services Association ... |
| | | | Shadow Minister for Financial Services Mathias Cormann has criticised an additional delay on promised tax reform for managed investment trusts. In a statement issued this morning following news Assistant Treasurer David Bradbury would announce the delay ... |
| | | | The corporate regulator has put licensees on notice, saying there is growing concern that "bad apples" in the industry are slipping through the cracks because of poor reference checking when advisers swap between groups. At the Association of Financial ... |
| | | | Distributions given to education charities by Perpetual will triple this year as part of their 2012 NFP funding round. In total $12.5 million in funding was allocated from discretionary trusts to charitable not-for-profit organisations. The education ... |
| | | | With death benefit disputes accounting for the lion's-share of complaints received by the Superannuation Complaints Tribunal, Topdocs has now incorporated a death benefit guardian provision in its SMSF trust deeds. The specialist self-managed superannuation ... |
| | | | ... substantial, this was also compounded by more bad news: Moody's downgraded 28 Spanish banks by four notches. Spain formalised request for bail out Cyprus asks for bailout. Greece newly-designated finance minister, Vassilis Rapanos, resigns. Victorious ... |
| | | | ... wait, this a,-100 bil would add to Spanish government debt. Bond markets sent the yield on its bond surging past the "request for bailout mark" of 7%. Boo! Last week, it was Greece's turn. Markets got what they wanted - a victory by the pro-bailout ... |
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