Financial News Headlines
MySuper will cost more, not less
Superannuation, 30 Aug :: MySuper could well result in Australian workers receiving lower superannuation payouts rather than the higher outcomes suggested by the Cooper Review, according to Sydney-based research house Chant West... read more Commercial property market in recovery phase
Investment, 30 Aug :: Australian commercial property recorded a total return of 5.9 per cent for the year ending June 2010, presenting an improvement of almost 5 percentage points over the previous period, according to the PCA/IPD Australia Property Index for the June quarter... read more UK consumers priced out of advice
Financial Planning, 30 Aug :: Research firm CoreData has pointed to what it sees as unintended consequences of financial services reform taking place in the UK, warning changes to adviser remuneration may see many consumers priced out of the market... read more Direct life insurance on the rise
Insurance, 30 Aug :: Directly marketed life insurance products seem to have picked up in popularity, with the sector posting an increase in sales of 27 per cent, according to Canstar Cannex research... read more Platform impacts on planners
Financial Planning, 30 Aug :: A successful acquisition of AXA Asia Pacific by National Australia Bank (NAB) would have a far more significant impact on the use of platforms by financial planners than a successful bid by AMP Limited, according to new research released by Wealth Insights... read more Online life risk portals a boost to consumer engagement
Insurance, 30 Aug :: Online information portals could be powerful tools for advisers to engage their clients in the difficult discussion of risk insurance, and two such portals were recently launched in the same week... read more Afternoon gains drive market into the black
Sharemarket, 30 Aug :: The Australian share market mounted a steady recovery after a fall early in the session. The All Ordinaries index has finished 15 points higher at 4,404, while the ASX 200 also gained 14 points to 4,370... read more Election causes financial services uncertainty
Financial Planning, 24 Aug :: AMP Capital Investors chief economist Shane Oliver has warned of continuing market uncertainty being generated by the outcome of Saturday’s Federal Election and the prospect of a hung parliament... read more Concern over ATO crackdown on late SMSF returns
Superannuation, 24 Aug :: The Small Independent Superannuation Funds Association (SISFA) has expressed concern that self-managed super funds (SMSFs) that are late lodging tax returns for the 2009-10 financial year may be unfairly punished by the Australian Taxation Office (ATO)... read more Westpac cautious on outlook
Finance, 24 Aug :: Westpac Group recorded a solid June quarter with cash earnings totalling $1.4 billion, despite slightly decreased earnings when compared to the previous quarter... read more Whatever it takes
Insurance, 24 Aug :: The level of determination exhibited by National Australia Bank (NAB) in its long quest to gain control of AXA Asia Pacific suggests that there are those on the board and the executive of the big banking group for whom it is personal... read more Shares flat: miners rise, Telstra falls
Sharemarket, 24 Aug :: Company news, speculation and earnings reports appear to have had a far greater effect on the share market than uncertainty around the federal election result... read more Sluggish wages ease pressure on rates
Home Loans, 20 Aug :: Slow growth in wages has put pressure on household spending, but is another factor likely to keep interest rates on hold for at least the next few months... read more QBE half-year profit slides, as expected
Insurance, 20 Aug :: Insurance company QBE has reported a 39 per cent fall in its half-year profit, because of continued volatility in global insurance markets and greater competition for new business... read more AMP profit sustained by wealth management
Investment, 20 Aug :: Wealth management has helped drive AMP Limited to a solid a 17.4 per cent increase in net profit attributable to shareholders for the six months to the end of June... read more End arbitrary four-member SMSF restriction
Superannuation, 20 Aug :: Accountancy firm Chan & Naylor has called for an end to what it calls an arbitrary maximum limit of four members to each self-managed super fund (SMSF)... read more Market treads water ahead of election
Sharemarket, 20 Aug :: Investors appear to be marking time ahead of the election because, for the second day in a row, the share market has closed basically steady... read more Interest rates 'appropriate' as super-saver evolves
Investment, 18 Aug :: The minutes from the Reserve Bank's latest meeting show it is comfortable with the current level of interest rates, which appear to be driving households to greater saving and less property speculation... read more Advisers turning their backs on managed funds
Financial Planning, 18 Aug :: Managed funds appear to be losing ground to direct equity investments, according to research conducted by Investment Trends... read more RBA chief calls for 'less exciting' finance
Finance, 18 Aug :: The governor of the Reserve Bank, Glenn Stevens, has issued a cautionary note on regulation of the financial sector at a speech at the University of Western Australia... read more Industrial stocks push market higher
Sharemarket, 18 Aug :: The local market has outstripped Wall Street's performance overnight and has more than reversed yesterday's fall... read more Labor outlines credit card changes
Finance, 16 Aug :: The Federal Government has promised new measures to protect credit card holders against being ripped off... read more Ripoll scotches tax deductibility of planning advice
Financial Planning, 16 Aug :: The Government has scotched the suggestion of granting tax deductibility status to financial planning advice anytime soon... read more Insurers look at Asian expansion
Insurance, 16 Aug :: Life insurers looking to expand into Asia need to understand the different demographic drivers that create different insurance needs in the region, according to Chris Wei, AIA chief marketing officer and head of bancassurance and direct marketing... read more Group life set to grow
Insurance, 16 Aug :: The group life insurance sector is expected to be between 60 and 100 per cent bigger than today after five years, the Financial Services Council conference in Melbourne has been told... read more ASX defies Wall St gloom
Sharemarket, 16 Aug :: The Australian share market has defied a weak lead from Wall Street to climb 1.3 per cent on Friday. Shares were down for a short while early in the session, but followed a steady path upwards from mid-morning to the close... read more Govt action needed to end bank 'stranglehold'
Finance, 12 Aug :: Consumer groups say the Commonwealth Bank's record $5.7 billion profit is evidence the Federal Government needs to step in to improve competition... read more AMP opens walk-in financial planning centre
Financial Planning, 12 Aug :: AMP has officially opened its new walk-in financial planning centre in the heart of Parramatta’s business district, with 16 of a maximum 20 possible planners already signed up... read more Markets close lower despite CBA profits
Sharemarket, 12 Aug :: The Australian share market got off to a poor start with the US Federal Reserve's announcement overnight not as big as had been hoped... read more Regulator considers betting market for houses
Investment, 11 Aug :: The corporate regulator, the Australian Securities and Investments Commission, is considering a proposal to allow investors to bet on house prices on the stock exchange... read more |
