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Budget speech 2014 -15

... on the $11 billion WestConnex project will start within 18 months. This means 10,000 new jobs. The $18 billion East West Link in Melbourne starts work before Christmas and will create 6,000 new jobs. And billions of dollars of work will soon start on ...

BNP Paribas signs up to TARGET 2

JAMES FERNYHOUGH  |  MONDAY, 12 MAY 2014
... requirements in the run-up to the T2S implementation to provide our clients with the flexibility they need. "Clients can link to T2S across multiple markets via a flexible account structure and with options to settle in commercial or central bank money. ...

Age Pension to rise to 70 by 2035

MARK SMITH, JAMES FERNYHOUGH  |  FRIDAY, 2 MAY 2014
Treasurer Joe Hockey has confirmed that he plans to raise the Age Pension eligibility age to 70 by 2035 in the upcoming Budget. Confirmation came in an interview with Alan Jones on 2GB radio in which the two men were discussing the Commission of Audit's ...

IOSCO recommends improved disclosure for direct products

ALEX DUNNIN  |  FRIDAY, 2 MAY 2014
The growth of directly distributed financial products has pushed a Joint Forum of the International Organisation of Securities Organisations (IOSCO) to call for improved global regulation and disclosure standards for products sold this way. In Australia ...

BTIM posts strong half year numbers

MARK SMITH  |  WEDNESDAY, 30 APR 2014
BT Investment Management (BTIM) has reported an after-tax net profit of $83.1 million for the half year to 31 March 2014, up 143% on the same period last year. Statutory net profit after tax was up 243% to $78.3 million while cash earnings per share ...

AustralianSuper consortium picks up QLD motorways for $7bn

ALICE URIBE  |  THURSDAY, 24 APR 2014
AustralianSuper, as part of a consortium led by toll road owner Transurban, is set to pay $7 billion to buy a string of Brisbane motorways from the Queensland government. The consortium said it had signed an agreement to buy Queensland Motorways, which ...

Not too late for super to start on big data

LAURA MILLAN  |  WEDNESDAY, 23 APR 2014
It's not too late for superannuation funds to start using big data to understand their members' needs, the Australian Institute of Superannuation Trustees (AIST) chief executive Tom Garcia wrote in a recent blog on his LinkedIn profile. "What do footy ...

The latest Financial Standard issue available on the iPad app.

STAFF WRITER  |  TUESDAY, 22 APR 2014
... Financial Standard iPadA(C) app free from the App store, for a limited time. Look under 'Financial Standard' or click this link. Readers can use social media tools and email embedded within the app to share Financial Standard articles. News stories updated ...

AustralianSuper markets ME Bank products to members

LAURA MILLAN  |  TUESDAY, 22 APR 2014
... week. The fund encouraged members to open an ME Bank Transaction Account, gave some details about the offer and provided a link to the bank's website.

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
The government could play an active role in the creation of a functioning annuities and longevity insurance market, according to the Centre of Excellence in Population Ageing Research (CEPAR) in its submission to the Financial System Inquiry. While ...