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ASIC announces National Financial Literacy Strategy

HARRY PAGE  |  FRIDAY, 1 AUG 2014
... Government Financial Literacy Board chairman Paul Clitheroe said being good with money can improve our lives. "Educating the next generation to be MoneySmart is a key part of the National Strategy. With over 80% of Australian 15 year olds having a bank ...

Super fund trustees say manager fees too high

MARK SMITH  |  FRIDAY, 1 AUG 2014
... of investors believed there were too many fund managers in the Australian market and expected the number to drop over the next five years. Unsurprisingly, just one in ten managers thinks the same. Individually, more than 90% of managers expect their ...

Energy Super names new head of investments

JAMES FERNYHOUGH  |  FRIDAY, 1 AUG 2014
... creation of the general manager, investments role would further provide Energy Super with the robust platform it needed for the next anticipated level of growth. "During the past five years, Energy Super's funds under management has grown from $2.4 billion ...

FEATURE: Guiding the way to aged care

LAURA MILLAN  |  FRIDAY, 1 AUG 2014
... Financial System Inquiry (FSI). It noted that "government projections show that the means tested Age Pension costs over the next 50 years is not in itself a problem (2.7% to 3.7% GDP). However, when combined with aged care and health costs, the total ...

Dying in social media: adviser's next big nightmare

LAURA MILLAN  |  THURSDAY, 31 JUL 2014
Clients' presence on several social media platforms, with multiple accounts and passwords, is set to become a nightmare for financial advisers specialising in estate planning, as they will be forced to deal with the person's digital footprint after ...

'As expected' changing expectations

BENJAMIN ONG  |  THURSDAY, 31 JUL 2014
... Kinder Surprises from the FOMC - it'll withdraw another US$10 bil reducing its total asset purchases to US$15 billion starting next month and still thinks it "will be appropriate to maintain the current target range for the federal funds rate for a considerable ...

Market Wrap

AAP  |  WEDNESDAY, 30 JUL 2014
... Wednesday. "It's been a bit volatile but pretty quiet so far this week. That's because there is a number of major events in the next three days that investors are waiting for." The US central bank meets on Wednesday (US time) while the quarterly US economic ...

Punishing Putin (harder)

BENJAMIN ONG  |  WEDNESDAY, 30 JUL 2014
... yards in punishing Putin. At the end of the day, financial markets would again put this in the "on watch' basket until the next set of sanctions, perhaps as soon as tonight when the Fed delivers its announcement on monetary policy.

In the throes of change

MICHELLE BALTAZAR  |  TUESDAY, 29 JUL 2014
From the Financial Systems Inquiry to the value of vertical integration and post-FOFA advice, next week's Financial Services Council (FSC) conference will tackle issues that will shape the industry in future years. The annual FSC conference is unique ...

SMSF advisers gear for referrals from accountants

MARK SMITH  |  MONDAY, 28 JUL 2014
... Professional Report reveals. Overall, three-quarters of all SMSF intermediaries expect 10% growth in their revenues over the next three years while more than half of financial planners expect increases of 25%. Strategic advice is seen as by far the greatest ...