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Limited advice from accountants face hurdles

MICHAEL HOBBS  |  THURSDAY, 18 FEB 2010
Tony D'Aloisio, chair of the Australian Securities and Investments Commission (ASIC), said SPAA's proposal advocating for accountants to be able to provide limited structural advice on superannuation could be impractical. Speaking yesterday at the Self ...

Powerwrap to ease corporate actions hassles

MICHELLE BALTAZAR  |  WEDNESDAY, 17 FEB 2010
Shareholder activism is not new, but a boutique outfit has come up with a faster and easier way for retail investors to have their say heard in the boardroom. Managed account services provider Powerwrap yesterday launched a new direct equities administration ...

Count names new chief, profits bounce back

MICHELLE BALTAZAR  |  WEDNESDAY, 17 FEB 2010
Count Financial has appointed a Deloitte actuarial expert, Andrew Gale, as the new CEO, a day before it posted a surge in half-year profits and funds under advice go back to levels reached before the global financial crisis. Gale has been appointed ...

Life insurance consolidation could hurt consumers

RUTH LIEW  |  THURSDAY, 11 FEB 2010
Australians will suffer the price of higher margin products and limited product innovation if the life insurance market continues to consolidate, warns Tower Australia. Jim Minto, managing director of Tower Australia, urged the government and Australian ...

When the time comes

BENJAMIN ONG  |  THURSDAY, 11 FEB 2010
The Greek ruins. Oh no, not another Greek metaphor! Yes Virginia, you and I and many others are perhaps sick in the stomach - or sick in the head? - of all the Greek metaphors that has sprung up since the potential for a Greek debt default made the ...

Women in Super aids breast cancer research

MEDIA RELEASE  |  WEDNESDAY, 10 FEB 2010
Only three months to go before the 2010 Mother's Day Classic, the annual charity walk and run organised by Women in Super to support breast cancer research. The national event, which has raised more than $5.7 million since 1998, was launched yesterday ...

Trichet to the rescue

BENJAMIN ONG  |  WEDNESDAY, 10 FEB 2010
... catch a connecting flight and therefore miss the EU summit" scheduled for Thursday. Yeah sure! And pigs can fly! Hold on...yes, it must be because of the PIGS. The financial markets certainly thought so...and they liked it. Trichet's early return flight ...

AMP planners back fee for service APL

MICHAEL HOBBS  |  TUESDAY, 9 FEB 2010
AMP's financial planners have thrown their support behind an approved product list (APL) that does not include any commissions - and fund managers keen to keep their business are fast adjusting to the change. Steve Helmich, director Financial Planning ...

New chapter in savings after government guarantee ends

MICHELLE BALTAZAR, MICHAEL HOBBS AND RUTH LIEW  |  MONDAY, 8 FEB 2010
The termination of the government guarantee on wholesale funding next month gives a strong signal that - as far as the Australian government is concerned - the financial crisis is over. But the move could pose new problems for financial services providers ...

From ratchet to resilient: an economy in bloom

MICHELLE BALTAZAR, MICHAEL HOBBS  |  THURSDAY, 4 FEB 2010
... worked brilliantly in the past are not going to work again. AMP economist Shane Oliver summed it up best when he said that yes, the economy will remain buoyant, but for it to remain stable, the government and the industry must promote a savings culture. ...