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| | | The New Zealand Government is proposing to automatically enrol about 1 million employees into their de facto national superannuation scheme Kiwisaver, for an estimated cost to taxpayers of A$600 million. The A$7 billion Kiwisaver scheme that makes up ... |
| | | | Wealth management firm iPac has bought a $230 million Adelaide-based planning practice, growing the funds under management of its South Australian arm to more than $1.2 billion. Financial advisory firm Intervest Holdings has taken its team of six financial ... |
| | | | Treasury Group is preparing to expand into the UK and Europe with mature acquisitions on the cards as it releases its full year results, including a 13.9% rise in FUM. The company posted mix results yesterday. Its consolidated profit after tax of $10 ... |
| | | | Ho-hum! It would have been another boring day in the markets last night were it not for the strong finish on Wall Street - and Europe. Another day, another up day as investors continue to chase the QE3 carrot that's being dangled in front of their noses. ... |
| | | | Advance Asset Management has launched two new funds and reshaped another to maximise its multi-blend approach in alternatives, Asian shares and cash, while getting ahead of competitors by conforming to new regulations. Launched yesterday to direct investors ... |
| | | | The Australian dollar was slightly higher on Tuesday, following a positive lead from Wall St and precious metals overnight. At 0700 (AEST) on Tuesday, the Australian dollar was trading at 104.09 US cents, up from 103.86 cents on Monday. Since 1700 (AEST) ... |
| | | | Challenger Limited full year results has revealed a "stellar growth in annuities" with a 56% rise in retail sales growth to $1.46 billion and life cash earnings up 19% to $401 million. Challenger also posted normalised net profit after tax up 7% to ... |
| | | | ... than one US cent lower on Friday, as risk sentiment deteriorated and Asian equity markets tracked Wall Street firmly into the red. Risk sentiment unravelled overnight as fears about global growth, European sovereign debt and bank liquidity added to poor ... |
| | | | ANZ said its institutional division has strengthened, profits have grown and its deposit growth has exceeded its loan growth in a nine-monthly market update released today. Mike Smith, ANZ chief executive officer said the bank's global markets business ... |
| | | | The new look Australian Journal of Financial Planning, now called FS Advice, has been launched at the Rainmaker Advisers Big Day Out in Terrigal, on the NSW central coast. The journal has been redesigned to align it with the suite of Financial Standard ... |
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