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27 August 2013 • By Chris Kennedy • 1 min read

ASX clears up ‘AQUA II’ confusion

The Australian Securities Exchange (ASX) has moved to dispel what it says is some confusion about its impending ASX Managed Fund Service (AMFS), ...

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Integration beneficial but independents will return

A panel of advice representatives believes the appeal of the non-bank advice licensee will soon return but says the benefits of vertical integration, ...

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GBST expands overseas and lifts profits

Wealth technology provider GBST grew its revenues and profit in the 2013/2013 financial year while also expanding overseas. Releasing its annual ...

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Moody’s downgrades NAB’s UK bank

National Australia Bank’s (NAB’s) UK banking operation, Clydesdale Bank, has had its credit rating downgraded from A2 to Baa2 by Moody’s Investors ...

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ASX grows profits; equity raising successful

The Australian Securities Exchange (ASX) has announced a slight increase in profits for the 2012/2013 financial year, noting that its recent half ...

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Ignore short-term punditry, investors warned

Investors should pay little mind to the “clamour and distraction” of political and economic commentary – particularly in the middle of a federal ...

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Platform race to the bottom is on

The platform fee-cutting race could see the first zero cost platform become a loss leader for distribution, according to CoreData principal Andrew ...

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Lost account clean-up hits super membership

Super fund membership has dropped for the first year in Australia’s superannuation history, with numbers to continue dwindling over the next 12 to 18 ...

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Business levy will hurt investors, says Bowen

Australian investors face a “massive slug” if the Coalition’s 1.5 per cent levy on business to pay for its paid parental leave scheme becomes law, ...

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IOOF quadruples net profit

IOOF has recorded a net profit after tax of just under $80 million – four times the previous year’s result. The financial services firm’s statutory ...

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