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| | | The Association of Financial Advisers has criticised the small sample size of a recent Rice Warner Actuaries report that highlighted Australians risk paying 13 times more for commission-based advice versus fee-for-service. Richard Klipin, chief executive ... |
| | | | Simon Rothery has been appointed co-chief executive of Goldman Sachs JBWere. In an email circulated to GSJBW staff yesterday, Stephen Fitzgerald, co-chief executive of the company announced the appointment of Rothery. Rothery replaces ex-co chief executive ... |
| | | | Queensland based industry fund, Sunsuper is cutting the fees on all its pension products by 10 basis points to 0.25 per cent, which could save members around $300 a year. The fee reduction, which comes into effect in May, applies to the super fund's ... |
| | | | A new report just released by Roy Morgan Research (RMR) reveals attempts to introduce competition into the superannuation market are not working. According to the report, only 3 per cent of super fund members have switched funds in the last twelve months ... |
| | | | ... points, or 1.43 per cent, to 3125.9. NEW YORK - Wall Street snapped a five-day losing streak as an expected economic stimulus plan from China and new US efforts to ease home foreclosures helped mute the impact of weak economic data. Investors were encouraged ... |
| | | | Snowball Group has acquired the corporate superannuation business of Hood Sweeney Securities, a move that adds $80 million in funds to the group's existing corporate super funds under advice. The deal does not affect Hood Sweeney Securities Pty Ltd ... |
| | | | The Australian stock market was firmly in the red at noon, weighed down by disappointing gross domestic product (GDP) figures, and losses among the banking and mining sectors. At 1201 AEDT, the benchmark S&P/ASX200 index was down 59.6 points, or 1.85 ... |
| | | | Inactive AXA clients can soon expect a phone call from their advisers asking about their insurance well-being as Australia's largest planning firm embarks on a client reactivation program. AXA introduced the new program at the end of December last year ... |
| | | | The RBA giveth and the RBA giveth again. Who would have thought that after two weeks of bad economic news here and abroad, the Reserve Bank of Australia would still have the nerve to say, 'she'll be right mate.' For this is exactly what the Australian ... |
| | | | Almost half of the baby boomer generation in the UK, France, Germany, the US and Australia expect to postpone their retirement because of the global financial crisis, according to a new study. The TNS Financial Crisis Study found 44 per cent of respondents ... |
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