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| | | The Australian sharemarket has opened almost 1.5 per cent weaker as former Italian prime minister Silvio Berlusconi's strong electoral showing sparked fears of eurozone instability. At 1026 AEDT on Tuesday, the benchmark S&P/ASX200 index was down 75.1 ... |
| | | | ... Australia, Seven Group Holdings, Prime Media Group, Flight Centre, Transfield Services, Ramsay Health Care and Whitehaven Coal are among the companies expected to post first half results, while QBE Insurance Group and Oil Search are due to announce full ... |
| | | | The number of superannuation funds applying for a license to run a MySuper product is likely to fall well short of expectations, but rather than suggest MySuper is flawed policy, it highlights how it is fundamentally an internal industry issue rather ... |
| | | | The largest public pension fund in the US, CalPERS, has expressed its support for the US government's civil lawsuit against credit rating agency Standard & Poor's Rating Services. Early this month, the US Department of Justice sued the agency for fraud ... |
| | | | Sunsuper's transition to MySuper was simple and easy, Sunsuper general manager of Product Andrew Nicholson said after the Australian Prudential Regulation Authority (APRA) granted the Queensland-based fund the first MySuper authorisation. "Our philosophy ... |
| | | | Several industry bodies have joined the ever growing chorus of sentiment against a federal government making any changes to superannuation likely to negatively impact investors either saving for or currently in retirement. The Self Managed Superannuation ... |
| | | | Commonwealth Bank boss Ian Narev has urged politicians from both sides of the aisle not to use superannuation as a political pawn in the run up to the Federal election. "It is absolutely critical that we have a long-term position and certainty in superannuation," ... |
| | | | Opposition Treasury spokesman Joe Hockey has been forced to clarify the Coalition's stance on the increase in compulsory superannuation contributions from 9% to 12% for the second time in a week. The Government pounced on a note in the parliamentary ... |
| | | | ... 53 cents, or 8.7 per cent, at $6.63 to be the best performing stock among the market's largest 200. Shares in Whitehaven Coal also rose after its Maules Creek mine in NSW received conditional environmental approval. Whitehaven was up 19 cents, or 6.4 ... |
| | | | The Federal Government will scoop up $18 billion worth of superannuation taxes by the year 2020, said the Financial Services Council's submission to upcoming Federal Budget. In its submission released yesterday the Financial Services Council (FSC) made ... |
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