Russell High Dividend ETF fastest growing in Australia

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Close to $150 million under management Since its launch in May 2010, the Russell High Dividend Australian Shares ETF (ASX code RDV) has grown faster by assets under management than any other ETF launched in Australia, reaching $142 million in the first nine months, Russell Investments announced today. RDV has experienced significant demand from investors […]

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The prohibitive cost of opt-in

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The cost of opt-in, estimated by Treasury and revealed in Senate Estimate hearings late last month, will effectively add around $100,000 to the running costs of an ‘average’ advisory practice. This cost will have to be passed on to the consumer meaning many will be priced out of advice. Please see Hansard pp. E 120-E […]

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Louis Cooper named Head of CMC Markets, Australia and New Zealand

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Leadership team expands with three new appointments CMC Markets has appointed Louis Cooper as Head of CMC Markets Australia and New Zealand.  Mr Cooper has over 10 years’ experience in wholesale and retail derivative markets in the UK and Australia. In his time with CMC Markets, Mr Cooper was part of the founding team who […]

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Count annual conference moved from Christchurch to Auckland

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Leading accountant-based financial planning group Count Financial has announced that the venue for its annual conference has been changed from Christchurch to Auckland, New Zealand, following the devastating Christchurch earthquake. The annual conference will still take place on March 13-16 but will now be held at the SkyCity Auckland Convention Centre. Some 750 Count members […]

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Construction lending hits two year low

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Consumer sentiment; Housing finance Lending to build new homes slumped in January. Loans to build homes fell by 9.4 per cent in January to their lowest level in two years. Loans for the purchase of newly erected dwelling slumped by 13.5 per cent – marking the biggest monthly fall in seven years. Overall, the value […]

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FPA expects resounding endorsement of new strategic direction

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National roadshow garnering planner support The Financial Planning Association (FPA) is confident that its members will vote resoundingly in favour of adopting a new strategic plan to make it a true professional association. The FPA will speak with over 2000 of its members throughout March as part of its National Roadshow, providing planners an opportunity […]

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LUCFR Super awards Aviva Investors $51.5m T250 Bond Fund mandate

Aviva Investors today announced it has been awarded a $51.5m T250 Bond Fund mandate by national pension fund, Labour Union Co-operative Retirement Fund (LUCRF). LUCRF Super is Australia’s first industry super fund, with over 184,000 members and more than $2.8 billion in funds under management. Launched in July 2009 as part of Aviva Investors absolute […]

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AMP announces senior management appointments

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AMP Limited Chief Executive Craig Dunn today announced senior AXA APH (AXA) management appointments to the AMP Group. All management appointments will take effect on 31 March 2011. Head of the Office of the AXA Chief Executive Officer Darryl Mackay will join the AMP leadership team as Company Secretary and Head of Secretariat, reporting to […]

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Paragem’s network of independent advisers continues to grow

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Paragem helps five planning practices get their Australian Financial Services License in 2011 New clients highlight the growing importance of non-aligned financial planners for the future of the financial services industry Independent service provider Paragem is set to continue the strong growth in its dealer services and licensing businesses as reported in January this year, […]

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The Aussie Economy – The Big Picture

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Economic Perspectives A host of economic figures have been released over the past week including the latest national accounts data – the most comprehensive assessment of the Australian economy. So what shape are we really in? Economists have been known to put some “spin” on the figures, influenced by their long-held views on variables like […]

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