Consumers remain super-cautious on spending

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Retail trade, International trade Retail spending grew by just 0.3 per cent in September, below expectations centred on a rise of 0.4 per cent. Non-food retailing rose by 0.4 per... Read more continue reading

Russell Australia High Dividend ETF records strong first six months

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Russell wins award for best new ETF in Asia RDV awarded multiple rating agency approvals The Russell Australia High Dividend Shares ETF (RDV) has grown rapidly to $70 million since... Read more continue reading

Reserve Bank returns to watchful stance

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RBA Statement on Monetary Policy; PCI The Reserve Bank has tinkered with economic growth forecasts, but the trajectory is largely unchanged. However the Reserve Bank has modestly downgraded inflation forecasts.... Read more continue reading

INGIM boosts wholesale team with new appointment

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INGIM hires fourth employee this year for Melbourne office Wholesale business continues to target advisers ING Investment Management (INGIM) Australia has boosted its wholesale business with the appointment of Mark... Read more continue reading

AMP appoints Director of Advice

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AMP Financial Services has appointed Scott Machin to the newly created role of Director of Advice commencing immediately. AMP Director of Financial Planning, Advice & Services Steve Helmich said Mr... Read more continue reading

Biggest slide in home building in a decade

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Latest economic data The outlook for home builders is gloomy. Council approvals to build news homes slumped by 6.6 per cent in September. Over the past six months approvals have... Read more continue reading

All Star Fund’s launches new LPT capability to fill adviser demand; rated RECOMMENDED by Zenith

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Kate Mulligan, Managing Director of All Star Funds has announced today that their new All Star Maple-Brown Abbott Listed Property Fund has been given a rating of “Recommended” by ratings... Read more continue reading

AIOFP’s Board Response to FOFA

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DRAFT A Discussion Paper Presented to Minister Bill Shorten 1. Fiduciary Duty While there is currently no statutory fiduciary duty, the vast majority of advisers already behave in a manner... Read more continue reading

Proposed Changes to the Australian Financial Services Industry

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DRAFT A Discussion Paper Presented to Minister Bill Shorten 1.1    The objective of this paper is to highlight some issues that exist in the Australian financial services industry that may... Read more continue reading

Lonsec releases 2010 Australian Equity Income Sector Review

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Lonsec has released its 2010 Australian Equity Income Sector Review, which encompassed nine funds. Two of those received a Highly Recommended rating, the CFS Wholesale Equity Income Fund and the... Read more continue reading