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Higher...higher and higher

BENJAMIN ONG  |  WEDNESDAY, 5 AUG 2009
Overnight action on Wall Street was as boring as watching green shoots grow. As is typical in this stage of the cycle, the usual suspects - mixed economic data - caused the major US stock averages to bob up and bob down before closing narrowly higher ...

Planners lose staff but not for long

RUTH LIEW  |  TUESDAY, 4 AUG 2009
Nearly 40 per cent of financial planning businesses have lost staff in the last eight months, new research shows. According to figures by eJobs, 39 per cent out of 116 respondents said they had lost staff since November. These staff were let go by retrenchment ...

V still likely

BENJAMIN ONG  |  TUESDAY, 4 AUG 2009
Chk, chk, bang! Yes, ladies and gentlemen. Equity markets greeted August the same way it left July - with a bang! One by one the bears are beginning to wave the white flag as the thundering herd forces them back into hibernation. The "Maestro," former ...

MLC wins life insurer of the year

COMPANY RELEASE  |  MONDAY, 3 AUG 2009
MLC has won the 2009 Life Insurance Company of the Year by the Australia & New Zealand Institute of Insurance and Finance (ANZIIF) for the fourth time in six years. The firm's product design, customer and adviser research and upgrade philosophy were ...

Telstra Super fights fraud through tech

RUTH LIEW  |  MONDAY, 3 AUG 2009
New security questions and stronger member protection - the $9 billion Telstra Super is combating fraud by implementing tougher technology barriers to make its transaction services safer for members. According to a media statement, Telstra Super's member ...

Christmas in July

BENJAMIN ONG  |  MONDAY, 3 AUG 2009
Merry Christmas! Merry Christmas to everyone and all! Except for the grinch bears that is. Yes, Virginia. Christmas came in July. Hope and cheer abounded in equity markets around the globe and in other risk assets. How could they not? Slow - painfully ...

Fed brawn, RBA brains

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2009
Days like these, I should have stayed in bed a bit longer. For this is one of those days when overnight action on Wall Street offered no adrenaline hit to my system. Will have to settle for three coffee cups this morning. The S&P slipped 0.3 per cent ...

Retirement adequacy beats market slump

MICHELLE BALTAZAR AND RUTH LIEW  |  TUESDAY, 28 JUL 2009
Compulsory super and the long-term nature of retirement strategies are among the reasons why for many Australians, last year's financial crisis was a mere blip in their future retirement income, research shows. Today AMP has released its second Superannuation ...

SMSF intl equities allocation halves

MICHAEL HOBBS  |  TUESDAY, 28 JUL 2009
Self managed super fund (SMSF) allocations to international shares has almost halved over a one and a half year period. The Multiport SMSF Survey - June 2009, which randomly selects 1,000 SMSFs it administers, found allocations to international shares ...

Ways to go

BENJAMIN ONG  |  FRIDAY, 24 JUL 2009
"The government is not contemplating another round of cash payments," Australian Federal Treasurer Wayne Swan told the Australian Broadcasting Corp. (ABC) early this week. This could be interpreted as either the Australian Government does not want to ...