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Showing 6011 - 6020 of 10706 results for "May 2012"

Retirement innovation deadlock continues

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
Impediments to the development of innovative retirement products as an alternative to the account-based pension show no signs of lifting, despite industry consensus that such innovation is necessary. MetLife's recent decision to drop its hybrid annuity-style ...

New compass needed for global economy: BIS

NATHALIE OLOF-ORS, AAP  |  MONDAY, 30 JUN 2014
Countries must dramatically rethink strategies for avoiding and dealing with financial crises, the Bank for International Settlements says, urging far more focus on fighting debt. The Swiss-based BIS -- dubbed the central bankers' central bank -- has ...

Market wrap AM

AAP  |  MONDAY, 30 JUN 2014
The Australian market looks set to open higher following gains on Wall Street in a quiet day of trading in its last session with strong earnings from Nike helping to offset a profit warning from DuPont. At 0645 AEST on Monday, the September share price ...

Government plays down support for royal commission

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
Initial comments from the government suggest it may be unwilling to consider the Senate Committee's recommendation that there be a royal commission into Commonwealth Bank of Australia (CBA). Prime Minister Tony Abbott said the government would "carefully ...

James knows when

BENJAMIN ONG  |  FRIDAY, 27 JUN 2014
... consumer spending - that which accounts for 70% of the economy - remains sluggish. Consumer spending rose by a mere 0.2% in May - less than half market expectations for a 0.4% and follows a 0.1% fall in the previous month. Data like this - along with ...

Market wrap AM

AAP  |  FRIDAY, 27 JUN 2014
The Australian market looks set to open flat after Wall Street fell following disappointing economic data. At 0645 AEST on Friday, the September share price index futures contract was up five points at 5,431. US consumer spending, which accounts for ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The Senate Economics Committee has recommended that the government establish an independent inquiry in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. ...

Super funds procrastinate on holdings disclosure

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
Super funds are not treating the looming reality of portfolio holdings disclosure as a priority, according to BNP Paribas Securities Services' chief administration officer Daryl Crich. Speaking to media this week, Crich said: "I don't think it is front ...

Retail funds also guilty of 'Compare the Pair' vagueness

JAMES FERNYHOUGH  |  THURSDAY, 26 JUN 2014
BT and ANZ may need to follow Industry Super Australia (ISA) in clarifying the language of their superannuation advertising campaigns, following a ruling by the Australian Securities and Investments Commission (ASIC) over use of the term 'average' in ...

Bank cross-sell growing but slowly

ALEX DUNNIN  |  THURSDAY, 26 JUN 2014
While industry funds fear banks are targeting them to boost wallet share of their customers, research from Roy Morgan reveals banks lose more of their customers' business to other banks. According to the research, Roy Morgan found that the Big 4 retail ...