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APRA releases super performance profiles

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... superannuation funds across a range of measures including assets, income, expenses and membership. Tomorrow APRA will release its next edition of the Quarterly Superannuation Performance, which provides industry aggregate summaries of financial performance ...

Tug o' currency war

BENJAMIN ONG  |  WEDNESDAY, 20 MAY 2015
... 1.2%) in 2015 and 1.6% (1.4%) in 2016 while at the same time revising its US growth prediction down to 3.1% this year and the next from 3.6% in 2015 and 3.3% in 2016. 'The Economist' magazine's "poll of forecasters, May averages" is even less optimistic ...

AFA looking for next adviser of the year

ALEX BURKE  |  TUESDAY, 19 MAY 2015
The Association of Financial Advisers has partnered with Zurich to launch the 2015 Adviser of the Year and Practice of the Year awards. As a result, the AFA is now searching for advisers who, according to chief executive Brad Fox, it "not only [rates] ...

Low-cost super awash with inflows

DARREN SNYDER  |  MONDAY, 18 MAY 2015
... directly in a portfolio of shares but with less administration compared with individually owned shares. "They are basically the next evolution of trading platform, which share some of the benefits of a master trust yet allow investors to by-pass the ...

Damned lies and (actual) stats

BENJAMIN ONG  |  MONDAY, 18 MAY 2015
... Yet, the latest Tankan survey showed that manufacturers and non-manufacturers expecting deteriorating conditions over the next three months -- underscored in the same survey showing that firms expect to cut capital spending by 1.2% in the coming fiscal ...

Market Wrap AM

AAP  |  MONDAY, 18 MAY 2015
... Sachs upgraded the stock, saying it expects the package-delivery service to successfully implement price increases in the next couple of years. LONDON - Europe's equities have closed down, losing steam after an early rally on the back of European Central ...

Super concessions key to tax review

LAURA MILLAN  |  FRIDAY, 15 MAY 2015
... sources told Fairfax that Abbott is not planning to make changes to superannuation tax concessions this term or during the next one if the Coalition is reelected. However, the budget papers showed that the cost of super tax concessions is expected to ...

Follow the money

BENJAMIN ONG  |  FRIDAY, 15 MAY 2015
... and are influenced by "transitory factors". This is the very reason why lift-off odds go from June one day, September the next. If the Fed doesn't lift in June, speculation would only move from September to October (a fine time for it coincides with ...

Market Wrap AM

AAP  |  FRIDAY, 15 MAY 2015
... recent trading range. "The problem is the last few times we got one of these big up days, there was no follow-through the next days," said Mace Blicksilver, director of Marblehead Asset Management. "Today is nice, but tomorrow's the real test." The new ...

Australia unprepared for FTAs

ALEX BURKE  |  THURSDAY, 14 MAY 2015
... and South Korea, according to Finsia research. Multiple factors including rapid market growth (between 2.5% and 7% over the next few decades), the rising importance of Asian financial institutions in global finance, urbanisation and the ascent of the ...