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Showing 13361 - 13370 of 20564 results for "BEN"

Pricing competition risks net returns from MySuper: FSC

MELANIE TIMBRELL  |  THURSDAY, 16 FEB 2012
Industry fund dominance of simple, low-cost superannuation will be aggressively challenged by 'white hot' pricing competition that risks an inadequate focus on returns, according to Financial Services Council chief executive, John Brogden. Speaking ...

Market Wrap

AAP  |  THURSDAY, 16 FEB 2012
The Australian stockmarket opened one per cent lower in line with weakness on US markets amid continued uncertainty in Greece. US stocks ended in the red on Wednesday as concerns resurfaced that Greece was veering towards default after a debt bailout ...

AMP results show continued AXA impact

ELISE BURGESS  |  THURSDAY, 16 FEB 2012
AMP Limited FY11 results have shown its AXA merge continues to drag on costs with net profit after tax of $688 million, down 11%, for the 12 months to the end of December. AMP Financial Services meanwhile posted mixed results with North platform and ...

GM shuts down DB fund

ALEX DUNNIN  |  THURSDAY, 16 FEB 2012
General Motors has bowed to the inevitable and announced it will shut its defined benefit pension fund and move salaried employees into the company's accumulation 401(k) scheme, citing balance sheet risk. The car manufacturing world heavy weight got ...

Insult me, insult you

BENJAMIN ONG  |  THURSDAY, 16 FEB 2012
Arrrgh! Doesn't this unending Greco-German tragedy make you just wanna tear your hair - strand by strand - from its roots? Yes, you, yes, yes you, Virginia. For I still like to keep the very few ones remaining loyal to my scalp. And if not for its potential ...

Market Wrap - Morning

AAP  |  THURSDAY, 16 FEB 2012
The Australian market looks set to open lower, following Wall Street's lead as some countries have strong doubts over whether a second massive bailout can actually save Greece. At 0815 AEDT on Thursday, the March share price index futures contract was ...

Market provides opportunities for absolute return investment

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
Super funds and retail investors should consider adopting a risk based approach to portfolio construction and move away from traditional asset allocation, according to one global fund manager, to protect their investments against volatile markets. Global ...

Disclosure regulations unnecessary: FIRSTSUPER

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
The superannuation disclosure debate and industry transparency was raised again yesterday after ASIC promised future guidance for super funds, meanwhile one super fund that already uses disclosure practices has called the actions "unnecessary". Peter ...

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
The Office of Best Practice Regulation has said time pressures prevented an adequate regulatory impact statement being prepared on six elements of the FOFA legislation. Speaking before a Senate Estimates committee, Jason McNamara, executive director ...

ASIC to take hard line on deliberately misleading ads

CLAIRE MCGREAL  |  WEDNESDAY, 15 FEB 2012
ASIC is set to clamp down on misleading advertisments for financial products and services as part of its continued shake up of the financial services system. New guidelines released by ASIC commissioner Peter Kell emphasised the need for promoters to ...