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Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
... submissions have complained that ASIC is thorough with small businesses, but that is slower with the bigger end of town." On top of the specific recommendations that the report is likely to address, the inquiry has prompted a broader debate on the regulator's ...

ANZ launches bank-aligned news site

LAURA MILLAN  |  THURSDAY, 17 APR 2014
... journalism, research and opinion." However, BlueNotes falls far from traditional media. The bank's logo is clearly visible at the top of the site and the bank's name is present on the website's URL and on its Twitter handle. All featured authors are ...

Could government issue its own annuities?

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
The government could play an active role in the creation of a functioning annuities and longevity insurance market, according to the Centre of Excellence in Population Ageing Research (CEPAR) in its submission to the Financial System Inquiry. While ...

Accountants beat planners in consumer confidence

LAURA MILLAN  |  TUESDAY, 15 APR 2014
... consumers believing they have high ethics and honesty. Nurses, pharmacists, doctors, High Court judges and dentists were at the top of the list, while car salesman and people working in advertising and real estate were at the bottom. The research was ...

WaveStone launches local long-only equity fund

STAFF WRITER  |  TUESDAY, 15 APR 2014
... 8.2% p.a. for the 7 years to 31 March 2014, versus the S&P/ASX 300 Accumulation Index of 2.8% p.a. over the same period - a top quartile 5.4% p.a. outperformance. According to the group, this performance was achieved with a volatility of approximately ...

Bouncy bouncy

BENJAMIN ONG  |  TUESDAY, 15 APR 2014
Thank goodness for small mercies. Good Friday came a bit early for me after one gentle reader crucified me and my take on Dr. Marc Faber's uber bearish prediction that a "1987-style crash" is nigh... again! Read all about my early crucifixion here ...

AMP Capital launches new adviser research tool

STAFF WRITER  |  MONDAY, 14 APR 2014
AMP Capital has launched a new online resource centre to help financial advisers have more meaningful investment conversations with their clients. Sitting on AMP Capital's website, the Adviser Resource Centre provides financial advisers with easy access ...

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
The Australian Securities and Investments Commission (ASIC)'s top officials admitted that the regulator could have done more to prevent poor advice and malpractices in a tense five-hour Senate hearing. The hearing focused on ASIC's performance in dealing ...

Market Wrap AM

AAP  |  FRIDAY, 11 APR 2014
The Australian market looks set to open sharply lower after big falls on Wall Street led by tech stocks. At 0800 AEST on Friday, the June share price index futures contract was down 51 points at 5,425. The Nasdaq closed down 3.10 per cent with investors ...

Advisers under threat from robot replacements

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
... as oral surgeons or professions based on social perception such as mental health workers, clergy or nurses. Loan officers top the list, with a 98% probability of being computerised, followed by receptionists (96%), paralegals (94%), retail salespersons ...