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Trustees hot on ESG course

MICHAEL HOBBS  |  TUESDAY, 19 MAY 2009
Around 50 superannuation trustees completed the inaugural Australian Institute Superannuation Trustees (AIST) environmental, social and governance (ESG) course for super fund trustees. Yesterday, minister for superannuation and corporate law, Senator ...

Easing Libor pains

BENJAMIN ONG  |  TUESDAY, 19 MAY 2009
No more Libor pains. The trillions of dollars flooding the financial system have already bought optimism for an eventual economic recovery - now it is also buying trust. Trust among banks, that is. Yesterday, I talked about the Libor/OIS spread - a ...

Confusion in the inflection

BENJAMIN ONG  |  MONDAY, 18 MAY 2009
... have retreated below their start of 2009 levels. Most others, including Australia, remain higher still. Does this matter? Yes, it matters...but only if you are a trader making a living with the day-to-day, week-to-week fluctuations in the market. Gone ...

AMP posts strong super and risk flows

MICHAEL HOBBS  |  FRIDAY, 15 MAY 2009
AMP recorded around $2 billion in net cashflows to the firm's superannuation and pension business last year and announced a focus on simpler, transparent products in the long term. AMP Financial Services' net cashflows were up $81 million in the first ...

Bull market on Wall Street

BENJAMIN ONG  |  FRIDAY, 15 MAY 2009
Wall Street paused. Wall Street is refreshed and ready for more climbing. Wall Street is back after taking a breather over the past three days, reversing some of the losses incurred since the start of the week. The S&P 500 index gained more than one ...

Pause that refreshes

BENJAMIN ONG  |  THURSDAY, 14 MAY 2009
One for the bears. The pendulum has swung in favour of the 'dead cat bounce' camp as Wall Street clocked its third consecutive day of losses. The S&P 500 fell by 2.7 per cent overnight, taking its total losses over the past three trading sessions to ...

Govt continues to target high income HHs

ALEX DUNNIN  |  FRIDAY, 8 MAY 2009
Speculation the government will cut back the health insurance rebate for high income earners lends weight to where it might wield the superannuation axe. A story published this morning in the Australian newspaper reports that the health insurance rebate ...

Lies, damned lies and statistics

BENJAMIN ONG  |  FRIDAY, 8 MAY 2009
... real change in the unemployment rate lie between 5 per cent and 5.8 per cent. The ABS is shot, they have been found out! And yes, there were also anecdotal proofs and negative leading indicators used to shoot down the ABS. Among these were the continued ...

ING upgrades OneCare

MICHAEL HOBBS  |  THURSDAY, 7 MAY 2009
ING Australia has changed the 90-day waiting period rules for trauma insurance, upgraded the cover for male specific cancer and enhanced OneCare Express e-application. Announced yesterday, ING Australia head of marketing and retail products for life ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 6 MAY 2009
The Australian stock market was half a per cent lower in muted trading to noon, on falls across the resources sector. At 1200 AEST, the S&P/ASX200 was down 20.8 points at 3869.6, or 0.53 per cent, while the broader All Ordinaries was 19.9 points weaker ...