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| | | US stocks plunged on Friday, with the Dow Jones Industrial Average sliding more than 300 points, as global stock markets were stung by fresh anxiety in the eurozone over Greece's bailout. The Dow fell 303.68 points (2.69 per cent) to close at 10,992.13. ... |
| | | | The superannuation industry was unable to grow during the June 2011 quarter, as benefit payments and market losses caused almost $24 billion of contributions to go unrewarded. According to the Australian Prudential Regulation Authority (APRA), Industry ... |
| | | | Trio Capital directors, Rex Phillpott and David Andrews, have conceded to APRA that with the benefit of hindsight they should have acted differently and regret their actions, with the regulator accepting an enforceable undertaking from the pair. The ... |
| | | | Australian investment will feel the impact of sustainability within five years with risks and opportunities to impact, according to Jane Goodland, global head of sustainability at Towers Watson. Macro trends including demographic changes such as ageing ... |
| | | | Omega Global Investors launches a new bond fund tomorrow, positioning itself to benefit from an expected shift from equities to fixed interest in the institutional and retail market. The fund is being seeded with $200 million and will offer investors ... |
| | | | AMP and independent financial planners were warned to stop ignoring the wealth of referral and business expansion opportunities estate planning presents to the industry and instead embrace this market, in an industry address this morning. The AMP Estate ... |
| | | | Fortnum Financial Advisers has launched a new unified managed account providing protection for self managed super funds in the pension draw down phase. The e-Clipse unified managed account (UMA), which is supported by global partners P2group and Milliman ... |
| | | | Australian stocks were flat at noon after disappointing jobs data prompted a selloff that left the market briefly in red figures. At 1201 AEST, the benchmark S&P/ASX200 index was up 4.1 points, or 0.1 per cent, at 4,187.5 points, while the broader All ... |
| | | | US president Barrack Obama has defied critics who thought his climbdown last month with Congress over the debt ceiling would make him gun-shy, by proposing a jobs stimulus package that is nearly as big as the entire Australian commonwealth annual budget. ... |
| | | | Life insurance industry revenue declined by over $2 billion in the 12 months to June 30, according to the latest Quarterly Life Insurance Performance Statistics from APRA. Australia's life insurance industry revenue fell to $31.5 billion in the 12 months ... |
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