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SMSF sector tackling misconceptions

ELISE BURGESS  |  WEDNESDAY, 7 DEC 2011
Common misconceptions about SMSFs and upcoming draft legislation are all playing a part in shaping this sector for 2012, with borrowing, auditors and sector growth impacting on the entire super industry. Peter Burgess, technical director for the Self-Managed ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 7 DEC 2011
Australian shares are set to rise as Wall Street bounces back from losses caused by Standard & Poor's threat to downgrade the credit ratings of most eurozone members. At 08010 AEDT on Wednesday, the December share price index futures contract was up ...

RBA right to cut rates and correct to hold

BENJAMIN ONG  |  TUESDAY, 6 DEC 2011
Decisions, decisions. Today's the first Tuesday of the month so it must be "what to do with interest rates" decision time for the Reserve Bank of Australia (RBA). The punting is finely balanced with, according to Bloomberg's polling, 13 out of 25 economists ...

Market Wrap - Morning

AAP  |  TUESDAY, 6 DEC 2011
Australian shares are set for a modestly stronger start after France and Germany called for a new EU treaty with tougher budgetary rules to deal with the eurozone debt crisis. Stocks markets rose on the proposal, but Wall Street pulled back on reports ...

Market Wrap

AAP  |  MONDAY, 5 DEC 2011
... or 4.3 per cent, at $9.50 and Whitehaven shares were up 12 cents, or 2.13 per cent, at $5.76. In the financial sector, the big banks were up by between 0.19 per cent and 0.62 per cent. Macquarie Group was up 34 cents, or 1.4 per cent, at $24.71, while ...

She's becoming right, mate

BENJAMIN ONG  |  MONDAY, 5 DEC 2011
... mythological Sisyphus has rolled the boulder up that mountain once more. But he didn't do it alone. He got help. Help from six big CB's plus one. The US Federal Reserve, the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada ...

Big four banks downgraded

ELISE BURGESS, CLAIRE MCGREAL  |  FRIDAY, 2 DEC 2011
Australia's big four banks have been downgraded by ratings agency Standard & Poor's. The decision to lower Westpac, Commonwealth, ANZ and NAB issuer credit ratings from AA to AA- is part of the agency's recent shakeup of ratings criteria, which was ...

Market Wrap - Morning

AAP  |  FRIDAY, 2 DEC 2011
Australian shares are set to for a relatively flat start on Friday as world markets failed to continue a strong rally sparked by central bank action for major banks. At 0829 AEDT on Friday, the December share price index futures contract was up two ...

Tell someone who cares

BENJAMIN ONG  |  FRIDAY, 2 DEC 2011
Tell someone who cares! There were reports out while we slept that could have been blamed for the equity markets returning some of the gains made during yesterday's rally but somehow they didn't have the same spook they had even only a week ago. There ...

Consolidation creating conflict between product and advice

RACHEL DAVIS  |  THURSDAY, 1 DEC 2011
... reforms," he said. "However, we think the impact will be devastating for the consumer as there will be far less independence. A Big Four Bank or other institution will license most advisers. Their advisers usually need to meet product-based volume or ...