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ASX half-year profit up 4.7%

ALEX BURKE  |  FRIDAY, 13 FEB 2015
... 2014," he said. Funke Kupper added that the ASX will invest in streamlining its trading and post-trade platforms over the next three to four years, which will ultimately further reduce costs for ASX clients: "The investment will create a more flexible ...

ASIC ends Macquarie EU but sees gaps in advice files

LAURA MILLAN  |  FRIDAY, 13 FEB 2015
... regulator has asked independent expert KPMG to undertake further testing and MEL will have to keep reporting to ASIC over the next 12 months. ASIC noted that KPMG's review of a sample of client advice files shows there are some issues in the quality ...

Decline in practice valuations bottoms out

MARK SMITH  |  TUESDAY, 10 FEB 2015
... businesses sell for more than equivalent sized businesses in most other industries and will continue to do so through the next three to five years. "Financial planning practices typically attract recurring monthly revenue with little seasonality; minimal ...

NAB kick starts self-employed advice channel

LAURA MILLAN  |  TUESDAY, 10 FEB 2015
... to the NAB Self Employed model and the bank aims to grow the channel to 15 advisers in the first year, and to 150 over the next five years. "We expect that the number of advisers who choose this business model will increase significantly over the coming ...

Tsipras has a dream

BENJAMIN ONG  |  TUESDAY, 10 FEB 2015
... troika would happily hand him a,-5 billion - reportedly what the government needs to meet debt repayments (a,-5 billion due next month) and its budget through June - with nary a condition. Talk about having your cake and eating it too and downing it ...

AMP Capital buys Sydney hospital

MARK SMITH  |  MONDAY, 9 FEB 2015
... managers and we look forward to partnering with Royal North Shore Hospital and the New South Wales government during the next stage of its development," AMP Capital head of social infrastructure and aged care Julie-Anne Mizzi said. "The market for social ...

Global appetite up, local confidence down

LAURA MILLAN  |  MONDAY, 9 FEB 2015
... increased by 3% over the last nine months over concerns that the Australian economy will not record healthy growth in the next year, a Certitude Global Investment survey has found. The Certitude Global Investment Intentions Index gathered the views of ...

SMSF sector enters next phase

LAURA MILLAN  |  MONDAY, 9 FEB 2015
The self-managed super fund (SMSF) sector is entering the stage of maturity as benefit payments surpass contributions for the first time. This industry tipping point was confirmed with the recent release of the Australian Taxation Office (ATO) statistical ...

ACSI targets a third of women on boards

MARK SMITH  |  THURSDAY, 5 FEB 2015
... Council of Superannuation Investors (ACSI) has set a target of having 30% of ASX 200 board seats occupied by women within the next three years. The initiative follows a comparatively strong year for furthering gender equality on boards. Women accounted ...

When Japan is blah, the Eurozone is ugh and China is wow

MICHELLE BALTAZAR  |  TUESDAY, 3 FEB 2015
... more local analysis, starting with terms of trade figures to interest rates. Contrary to what his peers say, he believes the next interest rate will be up, not down, although such a rate rise might not eventuate until 2016. This year's Master of Ceremonies ...