Weekly market update – week ending 8 April, 2016

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Investment markets and key developments over the past week Shares markets fell over the last week as global growth worries seemingly returned despite mostly okay economic data and the minutes... Read more continue reading

AFA members shine

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The Association of Financial Advisers (AFA) is congratulating a number of its members for their success in recent highly competitive industry awards. Queensland’s Mr Insurance has been awarded one of... Read more continue reading

Investors pessimistic despite positive economic news

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Global economic news is largely positive but it seems that Australian investors are increasingly pessimistic, says David Bryant, chief executive officer at Australian Unity Investments. “Most of the key overseas... Read more continue reading

Billion dollar breakthrough for Australia’s largest Mortgage Fund

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The Sandhurst Select Mortgage Fund has pushed through the $1 billion mark in funds under management for the first time since November 2011. Paul Rohan, Head of Wealth at Bendigo... Read more continue reading

SMSF Association stakes its ground on super objective

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The primary objective for superannuation should be “to provide income in retirement to substitute or supplement the Age Pension, delivering a financially secure and dignified retirement for Australians”. This is... Read more continue reading

AMP Capital bolsters Australian equities capability with two hires

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AMP Capital has strengthened its Australian equities team with two new appointments, with Geoff Wells joining as Senior Portfolio Manager and Peter Harris as Senior Resources Analyst. Both  appointments expand... Read more continue reading

Proposed tax losses legislation a step in the right direction, but issues remain

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  BDO Tax Partner Mark Molesworth has cautiously welcomed draft legislation aimed at addressing issues with some companies carrying forward and claiming income tax losses. This is an issue particularly... Read more continue reading

ATO guidelines on safe harbour for related party LRBAs

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“… not as comfortable or as accommodating as one would have hoped from a safe harbour” Michael Hallinan  The ATO has issued its Practical Compliance Guidelines as to what constitutes... Read more continue reading

RBA on hold for the eleventh month in a row, but rising $A seen as presenting complications

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In its Statement accompanying the decision, the RBA again made very little changes and retained an easing bias. However, it did acknowledge the recent improvement in commodity prices and financial... Read more continue reading

Rubik appoints new head of Human Resource

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Financial services software company Rubik Financial (Rubik) has appointed Stacey Hampton as Head of Human Resources reporting to Group Chief Financial Officer, Darius Coveney. Hampton joins with over 10 years’... Read more continue reading