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Japan did it again

BENJAMIN ONG  |  TUESDAY, 18 NOV 2014
... followed a 1.9% fall in the second - it's fourth in six years. Given this latest development, Japan could have a new king by next month if sitting PM Shinzo Abe makes good on speculations that he's about to call for snap elections. But what good would ...

Super funds must justify not merging: APRA

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
... that decide not to consolidate must justify their decision to the Australian Prudential Regulation Authority (APRA) over the next year, according to APRA member Helen Rowell. Rowell said super funds need to question their own viability, and for some ...

Global dividends reach record high

MARK SMITH  |  MONDAY, 17 NOV 2014
... headline increase of 12.6% (underlying +10.6%). For 2015, the asset manager's forecasts dividends to total US$1.24 trillion. Next year's headline increase (4.2%) is slower than the underlying 7.2%, mainly because Vodafone will not repeat its record US$26 ...

Non-aligned licensee inquiries to rise in 2015

LAURA MILLAN  |  MONDAY, 17 NOV 2014
... Westpac and Commonwealth Bank-owned dealer groups bucked the trend and have grown their adviser numbers over the period. Next year, however, could see a more pronounced shift. "The trend is definitely there, there is no doubt that there are planners ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
... reading ANZ's full submission very closely when it finally arrives. I will be asking some tough questions when they front the next hearing in December," he added. ANZ will appear before the Committee once its submission is made, on December 15 and make ...

Bullish sentiment at 4-year high, expect zero return in six months

BENJAMIN ONG  |  FRIDAY, 14 NOV 2014
... (AAII) survey conducted in the week ended 12 November 2014. Bullish sentiment - expectations of stock price gains over the next six months - surged to 57.2% -- its highest level since December 2010 (the time you, I and Irene were happy if we found some ...

No Westpac leadership changes after Gail Kelly departure

LAURA MILLAN, ALICE URIBE  |  THURSDAY, 13 NOV 2014
... years, was leaving the bank in a good position. "Gail leaves the group in strong shape, and well placed to compete in the next phase of our strategy," he said in a statement today. In early trade on Thursday, Westpac shares were down 1.2%to $32.93. At ...

Forward guidance at its best

BENJAMIN ONG  |  THURSDAY, 13 NOV 2014
... near-term weakness means that it is more likely than not that I will have to write an open letter to the Chancellor in the next six months on account of the inflation rate falling below 1%." Got it? There won't be any lift-off happening... yet. But ...

Gail Kelly steps down as Westpac CEO

LAURA MILLAN  |  THURSDAY, 13 NOV 2014
... years, was leaving the bank in a good position. "Gail leaves the group in strong shape, and well placed to compete in the next phase of our strategy," he said in a statement today. Commenting on her departure, Kelly said: "It has been a great honour ...

Next super revolution must tackle retirement: Vilgan

JAMES FERNYHOUGH  |  WEDNESDAY, 12 NOV 2014
The next revolution in superannuation must involve building a reliable retirement system that tackles market risk and longevity risk, according to QSuper chief executive Rosemary Vilgan. Speaking at the opening session at the Association of Superannuation ...