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FSC appoints three board directors

LAURA MILLAN  |  THURSDAY, 18 APR 2013
... significant transformation for financial services in Australia, an industry which is now well-positioned to become Australia's next major area of growth". Maher also thanked the four outgoing directors for their service to the FSC board. "Steve Tucker ...

Market Wrap

AAP  |  THURSDAY, 18 APR 2013
... also hit sentiment in the afternoon session. "Overcoming the crisis and the crisis effects will remain a challenge over the next decade," Weidmann - who also sits on the European Central Bank's governing council - told the Wall Street Journal. HONG KONG ...

Kenyon Prendeville case could be referred to ASIC

LAURA MILLAN  |  WEDNESDAY, 17 APR 2013
... since," Prendeville said. Pitcher Partners will provide ASIC with a confidential report on the situation of the company in the next month, a standard procedure on liquidations.

Government eyes Islamic finance growth opportunity

MARK SMITH  |  WEDNESDAY, 17 APR 2013
... at a rate of 15%-20% per year and recent estimates cited by Ripoll say it could be worth as much as $2 trillion within the next three to four years. Ripoll said the growth would benefit not only the Australian Muslim community, but the financial services ...

Fool's gold?

BENJAMIN ONG  |  MONDAY, 15 APR 2013
... the Eurozone, it's about contagion. What if Greece, or Portugal, or Spain, or Italy, or... are forced to the same at their next bailout negotiations? Suddenly, the pendulum has swung the other way. More and more investment banks appear to be giving up ...

Coalition vow to leave SMSFs alone

MARK SMITH  |  FRIDAY, 12 APR 2013
... Cormann has confirmed that the Coalition would aim to leave self-managed super fund (SMSF) legislation alone if they won the next election. Addressing an audience of SMSF advisers, accountants and auditors at the CPA's annual SMSF conference in Sydney ...

Market Wrap

AAP  |  FRIDAY, 12 APR 2013
... positive, dealers are keeping an eye on the stand-off on the Korean peninsula as the North, expected to fire a missile within the next few days, ratchets up its bellicose rhetoric. Tokyo rose 1.96 per cent, or 261.03 points, to 13,549.16, while Seoul ...

Interest rate to fall to 2.5%: NAB

MARK SMITH  |  THURSDAY, 11 APR 2013
... mining investment," he said. "The RBA will cut rates as it grows concerned about a softening of the energy sector in the next couple of months, and then again when figures show unemployment has risen."

ASIC delays start date for advisers exam

LAURA MILLAN  |  THURSDAY, 11 APR 2013
... professional development framework for financial advisers, which included a national exam. In June 2012, it announced the next phase of its consultation with the financial advice industry about its proposal to implement a national examination for financial ...

Can't lose

BENJAMIN ONG  |  THURSDAY, 11 APR 2013
... of the Fed explicitly discussing an exit strategy or perhaps "slow the pace of purchases beginning at some point over the next several meetings." But instead of going wobble, wobble - as it did in late February when this idea was first flagged - the ...