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Dealer groups compete for planners: survey

ELISE BURGESS  |  THURSDAY, 22 SEP 2011
... while 23.2% were not. The good news for dealer groups is that most planners are reluctant to switch dealer groups in the next twelve months, although the bad news is competition is still fierce between dealer groups with many planners being approached ...

Boost for corporate sector as Stronger Super details emerge

MATT WOODINGTON  |  WEDNESDAY, 21 SEP 2011
... or incorrect information being provided to funds. The SuperStream working group, which hopes to save $20 billion over the next decade by streamlining back office work in super, plans to have the proposed contributions and rollovers data standards available ...

INGIM cuts jobs before takeover

ELISE BURGESS  |  WEDNESDAY, 21 SEP 2011
... roles with incoming UBS staff. Around 36 staff have been made redundant to date, effective September 30 for some and March next year for others, according to an industry source. A UBS spokesperson told Financial Standard that while decisions were currently ...

Challenger creates new investment head

ELISE BURGESS  |  WEDNESDAY, 21 SEP 2011
... Macquarie told Financial Standard Stewart's decision was to move out of the private wealth side of the industry and take the next step in his career, moving into funds management. "This is a natural career progression for Geoff, given his background ...

Global forecast downgraded, Australia strong

RACHEL DAVIS  |  WEDNESDAY, 21 SEP 2011
... "confirms our fundamentals remain strong with the Australian economy expected to grow faster than all major advanced economies next year, despite increased global instability. "Despite suffering the most costly natural disasters in our history, and ongoing ...

Glimmer of hope

BENJAMIN ONG  |  TUESDAY, 20 SEP 2011
... (for now), their emergency over-the-weekend meeting produced a 'near' agreement that Greece will be saved... but that the next dime would not be forthcoming until next month... and only if the Papandreou government proves that it it's meeting its deficit ...

Market Wrap - Midday

AAP  |  MONDAY, 19 SEP 2011
... bailout loan till October. This was despite Greece's reassurance that it would install a new range of austerity measures next year. Intersuisse Melbourne director Howard Elton said the largest companies had disappointed in early trade. "I think it's ...

netwealth aims to plug gaps in planner needs

MATT WOODINGTON  |  MONDAY, 19 SEP 2011
... office capabilities to help cater for the requirements of the Future of Financial Advice reforms. netwealth said that the 'next generation' service, which went live today, would enable advisers and licensees to white label the new site and reports to ...

Psychological asset classes run investors

ELISE BURGESS  |  MONDAY, 19 SEP 2011
... dollar. They have debased their currency, so in other words, they want to get paid in dollars they don't trust. "Yet the next person will pay more because they don't trust the currency either and this forms a daisy chain," said Swanson. "Eventually the ...

Waiting and hoping

BENJAMIN ONG  |  MONDAY, 19 SEP 2011
... sentiment, despite rising to 57.8 in September from 55.7 in August, remains at depressed levels. Consumer expectations for the next six months dropped to 47.0 - the lowest level since 1980 -- from 47.4. This had been at 70 only last May. Then there's ...