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Showing 6001 - 6010 of 10709 results for "May 1997"

New laws bring aged care advice into the spotlight

LAURA MILLAN  |  MONDAY, 7 JUL 2014
The Living Longer, Living Better reforms that began on July 1, 2014, are forcing financial advisers to review their clients' aged care arrangements. Advisers need to take into account the client's assets and income to ensure that the approach taken ...

Funds return 11% in May

STAFF WRITER  |  MONDAY, 7 JUL 2014
The SelectingSuper Workplace rolling 12 month default option index increased marginally during May to return 11.3% compared to 11.1% at end April. At end December it was 16.1%. Three year super fund average annual returns are 8.8% pa, five year average ...

Investors Mutual gets in on LIC act

MARK SMITH  |  MONDAY, 7 JUL 2014
Investors Mutual will launch its first listed investment company (LIC) for investors looking for direct access to a ready-made diversified portfolio of Australian shares. QV Equities Limited (ASX: QVE) invests in companies outside the top 20 stocks ...

Governor Glenn lets his jaw drop

BENJAMIN ONG  |  MONDAY, 7 JUL 2014
Reserve Bank of Australia (RBA) Governor Glenn Stevens was in Tasmania letting it all rip at the same time that most of us were co-celebrating Dow 17K with our American brethrens on 'Independence Day' eve. On 3 July, Governor Glenn spoke before 'The ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
Commonwealth Bank's initiative to set up a program to review financial advice given to its clients from 2003 to 2012 has been slammed by several stakeholders for being too slow, too little and too late. Speaking at a Melbourne Institute event yesterday ...

Independence Day for the US economy

BENJAMIN ONG  |  FRIDAY, 4 JUL 2014
... (that followed an upwardly revised 224K add in May) and the unemployment rate to a better-than-expected 6.1% from 6.3% in May - suggest that Uncle Sam's country could now grow unaided. Uh-oh, looks like I owe Federal Reserve Bank of St. Louis President ...

ASIC jails AMP former adviser

HARRY PAGE  |  THURSDAY, 3 JUL 2014
A former authorised representative of AMP Financial Planning has been jailed for 13 years after being convicted for 181 counts of theft. The Australian Securities and Investments Commission (ASIC) has permanently banned former Tina Louise McPhee in ...

So good but for the wrong spin

BENJAMIN ONG  |  WEDNESDAY, 2 JUL 2014
The sun is shining, the sky is blue and the butcher, the baker and the candlestick maker appears to have celebrated America's 'Independence Day' three-days early. You'd be jingling your bells and singing hallelujah too, Virginia, when you look at what ...

Third arrow, broken arrow

BENJAMIN ONG  |  TUESDAY, 1 JUL 2014
... month before. The good news is that the latest update showed retail sales fell by a smaller than expected 0.4% in the year to May - they dropped by 1.4% year-on-year in May 1997. The bad news is that real household consumption continues to fall, dropping ...

Market wrap AM

AAP  |  TUESDAY, 1 JUL 2014
The Australian market looks set to open higher despite a mixed performance on Wall Street following a jump in US pending home sales and General Motors' announcement of another massive car recall. At 0645 AEST on Tuesday, the September share price index ...