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Showing 13761 - 13770 of 21805 results for "Dec"

Market Wrap PM

AAP  |  MONDAY, 27 MAY 2013
Australian stocks have opened weaker, with David Jones among the worst performers after the department store chain posted a decline in third quarter sales. The retailer's third quarter sales fell by 2.2 per cent from the same period last year to $399.8 ...

Retirement platforms to become the new battleground

JAMES FERNYHOUGH  |  MONDAY, 27 MAY 2013
Retirement is set to become the biggest segment of the platform market, according to Rainmaker's latest set of superannuation funds under management (FUM) projections for 2012 to 2033. The personal platform market is currently the major battleground ...

ASIC appeals Macquarie's Storm settlement

MARK SMITH  |  MONDAY, 27 MAY 2013
The Australian Securities and Investments Commission (ASIC) has appealed against the Federal Court's decision to approve a settlement between the former clients of Storm Financial and Macquarie Bank. The settlement follows a class action brought against ...

Liquidity concerns push CSC to change target allocation

ALEX DUNNIN  |  MONDAY, 27 MAY 2013
Commonwealth Super Corporation (CSC), trustee for the Public Sector Super Scheme, has made changes to its default option in response to the Stronger Super reforms that require improved operational risk reserves. The CSC made the changes to lift its ...

Careful of the recession you wish for

BENJAMIN ONG  |  MONDAY, 27 MAY 2013
More often than not, it's good to know that one is in good company. I bet not a few of you gentle readers believed more the "Fed would unwind soon" headlines than this column's musing that, "that time is not yet". Yeah, the equity markets' performance ...

APRA delays collection of super reporting form

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
The Australian Prudential Regulation Authority (APRA) has delayed the collection of the Superannuation Reporting Form under the SuperStream reform. APRA had scheduled the beginning of the collection of the form for the first quarter of 2013-2014, but ...

AUI investors approve property fund merger

MARK SMITH  |  FRIDAY, 24 MAY 2013
Investors in Australian Unity Investments' (AUI) Second Industrial Trust (SIT) have voted in favour of a merge with AUI's Office Property Fund (OPF) at a meeting of investors in Melbourne. The proposal, which had the support of 89.8% of voters, will ...

Retirees could benefit from a vibrant annuities market

JAMES FERNYHOUGH  |  FRIDAY, 24 MAY 2013
At the Actuaries Summit held in Sydney this week, Professor Anthony Asher of the Actuaries Institute's Retirement Income Working Group stressed the need to develop a "vibrant annuity market", in line with much of the rest of the world. "It's very difficult ...

Market Wrap PM

AAP  |  THURSDAY, 23 MAY 2013
Australian stocks are lower at noon, with all the major sectors falling amid broad-based selling. The local market opened lower as investors took their cues from a weak finish on Wall Street after US Federal Reserve chairman Ben Bernanke suggested the ...

Tides to turn for Platinum: Neilson

ALICE URIBE  |  THURSDAY, 23 MAY 2013
Platinum Asset Management's (Platinum) chief executive Kerr Neilson is confident that the fund will be able to turn around a period of underperformance in its flagship International Fund, saying that the current state of the market has turned to favour ...