The benchmark ASX200 rose 1.1 per cent on Friday and 0.5 per cent for the week to 4916.

ASX clocks new 2016 high

Gains in resources and banks saw the ASX reverse early losses to hit a new high on 2016's second to last trading day.

One Nation lashes pensions cut

One Nation has accused the Turnbull government of 'outrageous' hypocrisy for enacting immediate changes to the pension assets test.