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Energy Super offers online "next generation" pensions calculator

ALISON BEVEGE  |  THURSDAY, 23 JUN 2011
Industry fund Energy Super has launched an online superannuation and retirement calculator that it says offers better accuracy than fixed calculators. Developed by software firm Provisio, the new calculator incorporates Centrelink aged pension entitlements ...

Macquarie Private Bank scoops up Merrill Lynch MD

ALISON BEVEGE  |  THURSDAY, 23 JUN 2011
Merrill Lynch managing director Jay O'Neil will become the next head of Macquarie Private Bank, Macquarie said today. O'Neil must first wrap up his duties at Merrill Lynch over the next few months before moving to Australia to take up his new role as ...

The sound of QE3

BENJAMIN ONG  |  THURSDAY, 23 JUN 2011
... played exactly 12 months ago? No hint, whatsoever at more Fed largesse at the June 2010 meeting and then surprise! At the next FOMC meeting in August 2010, the Fed lighten the market's mood with the words, "the Committee will keep constant the Federal ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 22 JUN 2011
... "There has been a lot of events smacking markets around recently, so there is a still fair bit of nervousness out there. "The next catalyst on the whole European Greek situation is probably next week, attention will turn to tomorrow night's FOMC (US ...

ANZ employs GBST platform

MATT WOODINGTON  |  WEDNESDAY, 22 JUN 2011
... implementations underway in Asia as well as our first Syn~ implementation in Australia, all of which are due to go live within the next twelve months," said Stephen Lake, chief executive, GBST. GBST said it has further commitments in place from financial ...

Advisers turn from managed funds to ETFs: BetaShares

ALISON BEVEGE  |  WEDNESDAY, 22 JUN 2011
... released today. The BetaShares/Investment Trends ETF Report predicts that ETF investor numbers will grow to 80,000 by the end of next year, a 51 per cent increase on the December 2010 figure of 53,000. The research, conducted in late 2010, found financial ...

No change to Korea, Taiwan status: MSCI

ALISON BEVEGE  |  WEDNESDAY, 22 JUN 2011
... years, but MSCI this morning said that it would keep the two Asia Pacific nations under review for potential re-classification next year. South Korea and Taiwan missed out due to accessibility issues, in particular the lack of full currency convertibility ...

All clear for a bail

BENJAMIN ONG  |  WEDNESDAY, 22 JUN 2011
... doesn't exist" - and warning of "large global spillovers " if no decisive action is taken on Greece's debt crisis in the next.

Deposits may shield Aussie banks from Greek debt crisis fallout

ALISON BEVEGE  |  TUESDAY, 21 JUN 2011
... sovereign debt crisis in Europe continues to drag on with a 12 billion Euro tranche of Greek bailout money delayed until next month at the earliest, the heads of Australian banks have voiced concerns. Westpac chief executive Gail Kelly has said she is ...

European authorities will blink

BENJAMIN ONG  |  TUESDAY, 21 JUN 2011
... spread that the seven-hour Greek problem-solving marathon of European finance ministers produced a "too hard, we'll try again next month" conclusion. For the life of me, I don't understand why these moneymen of Europe continue to delay what seems to ...