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This Week's Market Movers (14-18 July 2008)

BENJAMIN ONG  |  MONDAY, 14 JUL 2008
Macroeconomic indicators set for release this week are not expected to deviate from the ongoing global theme of slowing growth and higher inflation. Australia Reserve Bank of Australia (RBA) Governor Glenn Stevens address on the "Challenges for Economic ...

LUCRF makes history

ALEX DUNNIN  |  FRIDAY, 11 JUL 2008
The superannuation industry doesn't often talk about its history but 2008 marks a century since the introduction of age pensions and thirty years since the birth of LUCRF, Australia's first modern super fund. The revolution began a century ago when ...

Boost savings and cut interest rates

ALEX DUNNIN  |  THURSDAY, 10 JUL 2008
Boosting savings levels is not just about lifting individual retirement incomes but about making Australia more self reliant and less subject to volatile global economic forces, reveals new research just released by IFSA. The Investment and Financial ...

Unlisted assets poised for higher illiquidity premiums

MICHELLE BALTAZAR  |  TUESDAY, 8 JUL 2008
Property experts predict the LPT sell-off will trigger a price correction in the direct property market but at least when the dust settles, super funds should enjoy illiquidity premiums not seen in years. Latest Rainmaker Data shows the performance ...

Women dropping out of financial services

WWW.THESHEET.COM  |  FRIDAY, 4 JUL 2008
The Australian financial services industry is losing the war for talent and may not be able to maintain its growth if it is not able to turn the situation around. Its biggest failing has been its inability to attract women with tertiary qualifications ...

See-through IMAs buffer market sting

RUTH LIEW  |  THURSDAY, 3 JUL 2008
Dalton Nicol Reid clients are hunkering down for a year of negative returns - but the specialist portfolio manager said they were well-informed ahead of the financial year-end due to the transparency of individually managed accounts (IMAs). DNR, one ...

FTSE100 pensions in the red

MICHAEL HOBBS  |  THURSDAY, 3 JUL 2008
Watson Wyatt found FTSE100 companies' pension funds turned a combined $48 billion surplus a month ago into a $16.5 billion deficit last month due to the double whammy of stock market falls and high inflation. Rashpal Bhabra, Watson Wyatt head of corporate ...

Sparks fly at APRA statistics forum

ALEX DUNNIN  |  THURSDAY, 3 JUL 2008
A forum convened by APRA to discuss their superannuation statistical surveys became one of the most heated seminars the industry has seen in years as the regulator reacted to heavy criticism that they are not properly reporting investment returns. Charles ...

Sovereign bonds bouncing back

ALEX DUNNIN  |  TUESDAY, 1 JUL 2008
Asia Pacific sovereign bond issues, which slowed dramatically during 2007, have recovered lost ground with A$11 billion in new issues in the last six months. The rise is so strong that second quarter 2008 issues are up 43 per cent on the same time last ...

Westscheme members get better insurance

RUTH LIEW  |  MONDAY, 30 JUN 2008
WA-based Westscheme is increasing its death, TPG and income protection cover for the majority of its members. According to Howard Rosario, chief executive of Westscheme, the multi-industry super fund reviewed its contract with Tower to increase its ...