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| | | Based on heartening satisfaction levels experienced by SME businesses when dealing with Zurich's traditional broking channels, the insurer has consciously decided to avoid the gravitation towards online sales taken by its competitors to boost investments. ... |
| | | | Folkestone will have to pay cash for the Austock property business, after the Pooled Developments Funds Board knocked back its cash-and-scrip offer. The $11 million sale was going to be paid 70% in cash, and 30% in Folkestone Shares, however the agreement ... |
| | | | The Australian market looks set to open higher following a strong surge on Wall Street on Friday after better-than-expected jobs figures boosted sentiment. At 0752 AEST on Monday, the September share price index futures contract was up 58 points at ... |
| | | | Mathias Cormann, Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation, came out swinging yesterday, accusing the Federal government of implementing "chaotic and unpredictable" regulations. Cormann swore a "blood oath ... |
| | | | Too many investors have been trying to "have their cake and eat it too" by attempting to use alternatives to chase higher returns and gain diversification in down markets, according to one manager. "The more you're going for those juicy returns, the ... |
| | | | The Pension Beneficiary Living Costs Index rose 0.5% for the June quarter 2012 and 1% across the last 12 months, matching regular inflation. The index, measured by the Australian Bureau of Statistics, tries to capture changes in living costs for retirees ... |
| | | | The Corporate Super Specialist Alliance has endorsed option 4 of the Productivity Commission's default super fund inquiry, namely that an independent expert panel and not Fair Work Australia should make default fund listing decisions. Gareth Hall, CSSA ... |
| | | | Heritage Bank has launched an online-only Retirement Savings Account (RSA), known as Secure Super Account. Heritage Bank's Secure Super Account is protected by the Australian Government's deposit guarantee and will pay an interest rate that tracks 0.5 ... |
| | | | The FSC has told a Productivity Commission hearing that the continuation of default fund listings in awards is not necessary following the introduction of MySuper. Speaking in Sydney this morning, Financial Services Council (FSC) chief John Brogden ... |
| | | | Shadow Minister for Financial Services Mathias Cormann has criticised an additional delay on promised tax reform for managed investment trusts. In a statement issued this morning following news Assistant Treasurer David Bradbury would announce the delay ... |
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