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Plan 5 and counting

BENJAMIN ONG  |  MONDAY, 12 DEC 2011
... now safe. His reply: "I'm not sure." He's not, but chairman of the US Joint Chiefs of Staff General Martin Dempsey is. Sir, yes sir! "The euro zone is at great risk... We are extraordinarily concerned by the health and viability of the euro because in ...

Super assets take a hit in September

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
Total super assets grew by 2% to $1.28 trillion in the year ending September 30, despite a drop of just under $50 billion in assets during that month alone. The latest APRA quarterly superannuation figures released yesterday reveal the regulatory performance ...

Industry responds to intra fund advice measures

CLAIRE MCGREAL  |  FRIDAY, 9 DEC 2011
There's been a mixed reaction from the industry to yesterday's announcement from the government on intra-fund advice. New ASIC guidelines are also being developed to outline how scaled advice can be provided in accordance with the regulatory protections ...

Waiting to exhale 5

BENJAMIN ONG  |  THURSDAY, 8 DEC 2011
... same goes for the S&P 500 Index - down 1.1% in early Wall Street activity closed in the green by an eye-popping 0.2%. Ho-hum. Yes folks, it's as if 'twas the night before Christmas, "when all through the house Not a creature was stirring, not even a ...

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
ANZ Wealth has warned that Christmas is the "absolute drop dead date" for clarity on FOFA reforms before implementation costs double. Paul Barrett, ANZ general manager advice and distribution, told reporters in Sydney yesterday that time is ticking ...

PIGS!

BENJAMIN ONG  |  WEDNESDAY, 7 DEC 2011
You're all pigs now! It's just as well that the Reserve Bank of Australia (RBA) cut interest rates when they did -- the RBA lowered the official cash rate to 4.25% from 4.5% yesterday. It may have taken the Financial Times report leaking that Standard ...

Managed accounts get FOFA boost

ELISE BURGESS  |  TUESDAY, 6 DEC 2011
... interesting about the continued support for managed accounts is the long list of drivers for groups seeking out a solution. Yes, FOFA and the core benefits a managed account brings such as transparency and the ability to vertically integrate are key ...

Post-retirement risk in Australia: IMCA

CLAIRE MCGREAL  |  TUESDAY, 6 DEC 2011
... preferential treatments. "Would it improve adequacy? Would it remove double dipping? Would it get rid of an anti-selection problem? Yes it would, but is that desirable, probably not. "Would it improve efficiency? Possibly. But on balance, the Australian ...

She's becoming right, mate

BENJAMIN ONG  |  MONDAY, 5 DEC 2011
... October after gaining 4.6% in the previous month. And this pickup in economic activity is showing up in the labour market. Oh yes, yes, you've probably read somewhere that the sharp decline in the US jobless rate to 8.6% in November from 9.2% in the ...

Tell someone who cares

BENJAMIN ONG  |  FRIDAY, 2 DEC 2011
... fiscal policies. There's Fraulein Merkel expected to insist on "anything" but an expanded role for the European Central Bank. Yes Virginia. There were the same issues which only weeks before created angst and anxiety from New York to Rio and old London ...