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Showing 5281 - 5290 of 6884 results for "Act2"

Retail bank deposits hit $62bn in Dec qtr

ALEX DUNNIN  |  WEDNESDAY, 9 MAR 2011
Driven by high at-call interest rates and the post-GFC austerity wave, consumers are flocking to retail deposit accounts with $62 billion deposited in the December quarter alone. The surge pushed bank deposit holdings to $1.5 trillion, 15 per cent more ...

Dutch pension tackles longevity risk and ageing population

ALISON BEVEGE  |  MONDAY, 7 MAR 2011
The Dutch pension system will soon introduce a new pension contract that would tackle the dual challenges of longevity risk and an ageing population. The Netherlands has a mandatory pension system based on generous defined benefits but an ageing population ...

Good jobs

BENJAMIN ONG  |  MONDAY, 7 MAR 2011
The sun is shining, the sky is blue and everything is fine except... it's not fine enough. Wall Street was so sure heading into the February US non-farm payrolls report that the data will confirm improving labour market conditions in America. All the ...

FOFA briefing fails to shed light on adviser concerns

MICHELLE BALTAZAR  |  FRIDAY, 4 MAR 2011
A financial adviser who attended the FOFA information session in Brisbane yesterday walked away with more questions than answers on how the public can benefit from the proposed reforms. Tim Ross, a financial adviser from Brisbane-based Ross Financial ...

Tomorrow comes

BENJAMIN ONG  |  FRIDAY, 4 MAR 2011
Investors may love Wall Street more today than yesterday... but not as much as tomorrow. This was the conclusion you read on this space yesterday. And boy, investors surely loved much more today (yesterday's tomorrow). But lest I get accused on insider ...

ASIC withdraws property fund licence

MATT WOODINGTON  |  THURSDAY, 3 MAR 2011
Devgroup will wind up four property funds after ASIC revoked its financial services licence for failing to resolve ongoing breaches of licence conditions. The fund manager had been unable to meet net tangible assets and reporting obligations under the ...

Yesterday today tomorrow

BENJAMIN ONG  |  THURSDAY, 3 MAR 2011
"Oh, I love you more today than yesterday." - Diana Ross Yesterday Wall Street dropped big time "on concern rising energy costs will threaten the economic recovery." This was Bloomberg's - and most other financial market commentators' -- interpretation ...

Swan approves AMP/AXA merger

ELISE BURGESS  |  WEDNESDAY, 2 MAR 2011
... of conditions around employment, which AMP has agreed to under the subsection 14(1) of the Financial Sector Shareholding Act (FSSA). These conditions stipulate that AMP must ensure that employees affected by the merger are offered internal redeployment ...

Rethink before you rebuild

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2011
As the world rebuilds its regulatory structures around the financial system, it needs to recognise that the system is an integrated network of ecosystems, not a set of independent machines. Speaking at yesterday's Melbourne Financial Services Symposium ...

Tower adds to adviser support

ELISE BURGESS  |  MONDAY, 28 FEB 2011
Tower Australia has recruited a former AMP Financial Planning manager as state sales manager. Tower has named Charl du Plooy as its NSW/ACT State Sales Manager, Retail Life. Formerly with AMP Financial Planning, du Plooy has managed distribution teams ...