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Advice frameworks need an overhaul

MELANIE TIMBRELL  |  FRIDAY, 1 JUN 2012
... backwards from there." "Saying there's a 50% chance you will be able to sustain the income that you've set out to achieve for the next 30 years - when you look at it in those terms, you can start to take into account market volatility and changes to ...

APRA: Third line of defence in Trio-style fraud

BEN COLLINS  |  FRIDAY, 1 JUN 2012
... superannuation funds were also cited. "The Stronger Super reforms will have a significant impact on funds and regulators over the next 12 months, prior to the introduction of MySuper on 1 July 2013," he said. "At present APRA has greater supervisory ...

UHNW households top global growth: BCG

MELANIE TIMBRELL  |  FRIDAY, 1 JUN 2012
... wealth growth in 2011, according to Boston Consulting Group, with a further 8% rise in segment wealth predicted over the next five years. Wealth held by ultra-high net worth (UHNW) households, defined as those with more than $100 million in private financial ...

CIO and COO award winners named

FINANCIAL STANDARD TEAM  |  FRIDAY, 1 JUN 2012
... Bank, JP Morgan, Commonwealth Bank and Affiliated Managers Group. The full media coverage of the awards will appear in the next edition of the Financial Standard newspaper, out 18 June.

Down and out in May

BENJAMIN ONG  |  FRIDAY, 1 JUN 2012
... clearing price - that is, when all sellers have cleared out - and finds a level that is too good to refuse. This could be today, next week or next month. Unfortunately, we never can tell except with hindsight. But gauging from the latest American Association ...

Advisers expect up to 30pc profit growth

LINDA HAUSKEN  |  THURSDAY, 31 MAY 2012
Advisers expect profits to climb up to 30% in the next financial year, with optimism growing despite regulatory change and economic challenges, according to Macquarie Practice Consulting. The Macquarie Practice Consulting's 2012 Financial Planning Benchmarking ...

Equipsuper pulls plug on Vision merger

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
... "We've both spent money getting ready," Fairley said. "A good portion of that has enabled us to get to a point that when the next approach comes the cost will be significantly less. "We began the process of merging with Vision Super believing in the ...

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
With FOFA legislation due for debate in the Senate next month, the Opposition's spokesperson on Financial Services has provided details on what FOFA would look like under a coalition government. Speaking at an Association of Financial Advisers Budget ...

Coin toss

BENJAMIN ONG  |  MONDAY, 28 MAY 2012
... Eurovision 2012's Spanish contestant Pastora Soler to "lose for her country" because it couldn't afford to host the event next year if she won. Perhaps it would have been better if European governments heeded Russell Crowe's advice back during the GFC. ...

Australian economy on target for growth: OECD

BEN COLLINS  |  WEDNESDAY, 23 MAY 2012
... 2012 has confirmed that it expects the Australian economy to significantly outperform other OECD economies, this year and next. The Organisation for Economic Co-operation and Development's (OECD) has forecasted Australian growth to be 3.1% in 2012 and ...