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Showing 2771 - 2780 of 4774 results for "July 8"

Government explains Challenger annuity mix-up

JAMES FERNYHOUGH  |  TUESDAY, 2 DEC 2014
The Department of Social Services (DSS) has given its reasons for changing the way it assesses Challenger's Care Annuity, saying it had mistakenly been assessing it on the grounds that investors in the annuity could not get their capital back. However ...

Contango set to launch small cap LIC

MARK SMITH  |  TUESDAY, 2 DEC 2014
Contango Asset Management is set to launch a new listed investment company designed to generate income from a portfolio of stocks outside of the markets 30 biggest companies. Contango Income Generator Limited uses the same investment strategy that it ...

Market Wrap AM

AAP  |  TUESDAY, 2 DEC 2014
The Australian market looks set to open flat after Wall Street fell on poor Black Friday sales and a China manufacturing slowdown. At 0819 AEST on Tuesday, the December share price index futures contract was up 15 points at 5,227. US sales came in less ...

Market Wrap AM

AAP  |  MONDAY, 1 DEC 2014
The Australian market looks set to open lower after OPEC chose not to cut oil production levels. At 0822 AEST on Monday, the December share price index futures contract was down 44 points at 5,294. In local economic news on Monday, the Reserve Bank ...

Brisbane adviser pleads guilty to $9 million fraud

LAURA MILLAN  |  FRIDAY, 28 NOV 2014
A Brisbane-based financial adviser has pleaded guilty to 54 charges involving a $9 million fraud. Thanh Quoc Tu was permanently banned from financial services in July 2014 and the charges he now faces could carry a maximum penalty of up to 12 years ...

Cash rate more likely to fall than rise: PIMCO

JAMES FERNYHOUGH  |  FRIDAY, 28 NOV 2014
The Reserve Bank of Australia (RBA) is more likely to cut the cash rate than raise it in 2015, according to PIMCO head of portfolio management in Australia Robert Mead. While Mead said the most likely scenario in 2015 is that rates will stay where they ...

Santa came to town

BENJAMIN ONG  |  MONDAY, 24 NOV 2014
"And then, in a twinkling, I heard on the roof The prancing and pawing of each little hoof. As I drew in my head, and was turning around, Down the chimney St Nicholas came with a bound." -- Clement Moore, 'Twas the Night before Christmas' Nah, 'tis ...

Grandfathering set to become next advice battlefield

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
Advice associations will make grandfathering a priority in their conversations with government and opposition to address the sudden disallowance of the government's changes to the Future of Financial Advice (FoFA) legislation. "We are quite confident ...

Original FoFA laws take immediate effect

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
Financial advisers must fully comply with Labor's original Future of Financial Advice (FoFA) laws from today, after the Senate voted to disallow the government's amendments last night. The reversion to the original legislation took effect as soon as ...

ASX and Bank of China sign major agreement

MARK SMITH  |  WEDNESDAY, 19 NOV 2014
ASX and the Bank of China have signed a heads of agreement to develop the Renminbi (RMB) as a currency in Australia's financial markets. The heads of agreement complements the recent appointment of the Bank of China as the official RMB clearing bank ...