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Other play factors

BENJAMIN ONG  |  WEDNESDAY, 27 JUL 2011
... higher next quarter. Oh pa-lease! Where were you in 2008 when the September quarter CPI printed at 5% and the RBA lowered - yes, lowered - interest rates by 25 bps in October and by a full 100 bps in November? And yes, even with the unemployment rate ...

SMSF body moves against super death tax

ALISON BEVEGE  |  TUESDAY, 26 JUL 2011
The financial services community now has the chance to comment on the recent draft tax ruling affecting self-managed super funds that some have called a death tax by stealth. Peter Burgess, technical director of the Self-Managed Super Fund Professionals' ...

Fund flows push life risk market to $9.5b

ALISON BEVEGE  |  TUESDAY, 26 JUL 2011
Life risk insurance is enjoying steady growth and group risk sales have jumped as large deals change hands, latest figures show. Risk premium inflows increased to $9.5 billion in the year to March, an increase of 10.4% over the $8.6 billion collected ...

No way USA can't repay

BENJAMIN ONG  |  TUESDAY, 26 JUL 2011
... than these? Wouldn't US Treasuries soar through the stratosphere as investors dump IOU's of a borrower who cannot repay? Oh yes, Treasuries rose all right. The yield on 2-years added an unbelievable two basis points and the 10's - they're up a staggering ...

Net-net, it's still good

BENJAMIN ONG  |  MONDAY, 25 JUL 2011
... The drama that is the 'off-again-on-again' deal on the US debt ceiling and the 'it'll be bailed, no it won't' Greek tragedy. Yes, those ones. The ones that sent risk assets up, then down, then up again depending on the twist and turns of this seemingly ...

A minute to midnight sees super funds merge

ALISON BEVEGE  |  THURSDAY, 21 JUL 2011
What difference can a midnight minute make to a merger? Do you combine your super funds at 12.01am on July 1? Or 11.59pm on June 30? Those vital 60 seconds were pondered during an afternoon talk by Graeme Russell, chief executive officer of First Super ...

They will deal

BENJAMIN ONG  |  THURSDAY, 21 JUL 2011
... Yesterday: "Stocks, Treasuries Rally on Earnings, Deficit Plan; Oil Surges" Today: "U.S. Stocks Retreat on Debt-Limit Concern" Yes folks, it's another 'what the' moment. And yes, I told you so. Remember what you read on this space yesterday, "...nearly ...

Earnings, debt ceiling and debt

BENJAMIN ONG  |  WEDNESDAY, 20 JUL 2011
... investors have finally taken notice of earnings. "Wall Street up on profits, Apple surges late," beamed Reuters' headline. Oh yes, Virginia, Wall Street was not only up - it was up big time. Both the Dow and the S&P500 gained 1.6% overnight and the Nasdaq ...

D-E-B-T

BENJAMIN ONG  |  TUESDAY, 19 JUL 2011
... 'balanced budget' proviso into the Constitution. President Obama doesn't - he's already promised to veto this. Yak, yak, yak. Yes, Republicans and Democrats will continue to do this until time runs out to decide and raise the debt's US$14.3 trillion ...

Super fund director taken to court for fees

ALISON BEVEGE  |  MONDAY, 18 JUL 2011
An industry superannuation fund director and union boss is being taken to court for the board fees he earned, by another state secretary of his union. Dean Mighell, Victorian secretary of the Electrical Trades Union (ETU), lodged a statement of claim ...