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STAFF WRITER  |  MONDAY, 19 MAY 2014
... Financial Standard we put the new wave of unconstrained fixed income funds under the microscope. We also look at the 2014/15 budget means for the wealth management industry and profile netwealth head of advice Simon Micallef. We also speak to the Shadow ...

States urged to recycle infrastructure

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... government was planning the sale of a number of infrastructure assets. So far, no asset has been sold. However, in his recent budget speech, Nahan flagged the potential sale of a number of assets, including Health Department sites at Princess Margaret ...

Labor to oppose rise in pension age

JAMES FERNYHOUGH  |  FRIDAY, 16 MAY 2014
... Shorten has said Labor will not support the government's bill to lift the Age Pension eligibility age to 70. As part of his budget reply speech in parliament yesterday, Shorten accused the government of 'haranguing' Australians about working until they ...

Budget reply speech 2014 -15: Bill Shorten

Market Wrap AM

AAP  |  FRIDAY, 16 MAY 2014
... - The New Zealand sharemarket's benchmark index dropped, with Fletcher Building being among retreating stocks after the budget waived tariffs on imported building products. The NZX 50 fell 18.4 points, or 0.4 per cent, to 5,194.96.

Market wrap

AAP  |  THURSDAY, 15 MAY 2014
... after US markets came off record highs. The fall in US shares had driven the Australian market lower, although the federal budget may also be hurting stocks, Lonsec equities research general manager Bill Keenan said. "There was nothing in particular ...

Advisers turn budget into opportunity to engage

LAURA MILLAN  |  THURSDAY, 15 MAY 2014
Tech savvy financial planners have turned fears around the 2014/15 federal budget cuts into an opportunity to highlight the value of advice and engage with their clients on social media. The government's warnings before the release of the 2014 budget ...

Low income retirees to feel budget pain

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
Pensioners on low incomes will be significantly worse off under the changes announced in Tuesday's budget, according to Pauline Vamos, chief executive of the Association of Superannuation Funds of Australia (ASFA). Speaking at ASFA's post-budget briefing ...

IOOF awards $115m global equities mandate

MARK SMITH  |  THURSDAY, 15 MAY 2014
... such indices, and reduces security overlap in IOOF's multi-manager portfolio to generate greater value for its active fee budget." Yeo also praised the strategy's emphasis on minimising absolute drawdowns and dampening volatility for investors. "Our ...

International media question Australia's "austerity budget"

LAURA MILLAN  |  THURSDAY, 15 MAY 2014
International media reports on the 2014/15 federal budget reflect concerns that cuts will hit consumer confidence in an economy that is doing better than most of its counterparts. "Australia's first budget under Tony Abbott was either brave or foolhardy," ...