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| | | ING plans to axe 7,000 employees globally but its 2,400 Australian staff are expected to be spared the chop. ING released a statement yesterday that it intended to reduce its workforce by 7,000 positions in 2009 in a bid to cut costs and weather the ... |
| | | | The Australian share market was a sea of red at noon with the materials sector leading the losses after a negative US lead and reports that the economies of Australia's three most important export destinations are softening. At 1200 AEDT, the benchmark ... |
| | | | CareSuper has reopened the doors of its capital guaranteed option after a three-month freeze when its underlying manager AMP closed it to new investments. According to Julie Lander, chief executive of the $3.5 billion industry fund, the Capital Guaranteed ... |
| | | | AMP Banking customers will continue to receive access to fee-free ATMs, despite the new Direct Charging rules that will come into effect in March, after the bank signed a deal with Cuscal, owner of the rediATM network. AMP Banking, which doesn't have ... |
| | | | The growth of SMSFs is holding steady amid the market downturn, according to the SMSF Professionals' Association of Australia (SPAA). SPAA chief executive Andrea Slattery, said the number of SMSFs established has remained constant between 2,500 to 3,000 ... |
| | | | Defying the flight to cash, members of the $1 billion dollar legalsuper have increased investments into the fund's S&P/ASX200 option by up to 40 per cent. According to legalsuper, the industry fund experienced nearly 40 per cent in growth for its S&P/ASX200 ... |
| | | | The Australian stock market is likely to fall after US equities slumped more than three per cent on renewed concerns that problems in the banking industry aren't over. At 0830 AEDT on the Sydney Futures Exchange, the March Share Price Index futures ... |
| | | | So it was, so it shall be. The odds - the Dow fell in 12 out of the past 16 US Presidential Inaugurations - have prevailed. Now it's 13 out of 17. The Dow fell by 4.1 per cent and the S&P 500 dropped by 5.3 per cent as Barack Obama is confirmed as the ... |
| | | | Aviva is going to crack the separately managed accounts market in mid-2009 with a product solution tailored to easily fit into an adviser's portfolio. According to Aviva spokesman Tim Cobb, the group is currently at the end of the IT build of its SMA ... |
| | | | The Investment and Financial Services Association (IFSA) has thrown its support behind a Treasury proposal to provide an optional capital gains tax roll-over concessions to merging super funds. Under existing rules, if a super fund in a prospective ... |
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