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Showing 6611 - 6620 of 9322 results for "Red"

Australia doesn't need a SWF

ALEX DUNNIN  |  TUESDAY, 21 FEB 2012
A new report by the Centre for Independent Studies says the Future Fund, Australia's de facto sovereign wealth fund, far from being a fiscally responsible way to rebalance intergenerational equity, is economically flawed. The reasoning behind the fund ...

Waiting for the midnight hour

BENJAMIN ONG  |  TUESDAY, 21 FEB 2012
It's now exactly one hour to midnight in Brussels as I write this and so far all we have is wishing and hoping and praying that all those seated around the negotiating table Yes Virginia, there's still no news out on whether the EU finmins did or didn't ...

Shorten locks down accountant timeline

ELISE BURGESS  |  MONDAY, 20 FEB 2012
Financial Services Minister Bill Shorten has committed to a two week deadline for legislation surrounding the role of accountants in the advice industry, in addition to reaffirming his plans to raise contribution caps. Speaking at the Self-Managed Super ...

Managed funds have a place in SMSFs: Select

MELANIE TIMBRELL  |  FRIDAY, 17 FEB 2012
Managed funds have been losing ground to low-cost options, said one asset manager, leaving the sector with the difficult task of convincing investors looking for absolute return, that funds are a good idea. Speaking at the Self Managed Super Fund Professionals' ...

Zurich reveals internal shake-up

CLAIRE MCGREAL  |  FRIDAY, 17 FEB 2012
Zurich Australia has announced a shake-up to its life insurance and investment business which sees a key senior management position made redundant. Under the restructure, the position of executive general manager, investments will no longer exist, a ...

Market Wrap

AAP  |  THURSDAY, 16 FEB 2012
... opened one per cent lower in line with weakness on US markets amid continued uncertainty in Greece. US stocks ended in the red on Wednesday as concerns resurfaced that Greece was veering towards default after a debt bailout hit fresh turbulence. At 1015 ...

Westpac posts $1.4 billion profit to December 31

CLAIRE MCGREAL  |  THURSDAY, 16 FEB 2012
Westpac made quarterly cash earnings of around $1.5 billion to the end of December, with after tax profits of $1.4 billion for the same period. The unaudited results come just two weeks after the group announced it would be shedding up to 560 jobs as ...

SMSFs focus on risk reduction: report

RACHEL DAVIS  |  WEDNESDAY, 15 FEB 2012
The Self-Managed Super Fund Professionals Association of Australia (SPAA) and Russell Investments today launched the second annual SMSF report which revealed a focus among trustees on risk reduction and increased interest in SMSFs among a younger demographic. ...

CBA profits up 19%, wealth mgmt struggles

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
The CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss. The Commonwealth ...

Super tax subsidies don't favour the rich: Mercer

ALEX DUNNIN  |  TUESDAY, 14 FEB 2012
Mercer has released a research paper that dismisses claims retirement income funding through superannuation tax concessions favours the wealthy. The paper 'Tax, Super & the Age pension" reported that the total cost of retirement funding per person in ...