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Showing 7671 - 7680 of 9326 results for "Red"

CGT roll-over relief for super mergers

MEDIA RELEASE  |  MONDAY, 4 MAY 2009
The Federal Government is expanding the optional capital gains tax (CGT) roll-over for capital losses for mergers of complying superannuation funds. Senator Nick Sherry, Minister for Superannuation and Corporate Law, last week announced that the optional ...

Budget me a recovery

BENJAMIN ONG  |  MONDAY, 4 MAY 2009
Good news begets good news. The number of headlines and stories trumpeting that we are getting close to the end of the global financial crisis tunnel had been increasing over the past few weeks. Equity markets like these. They rallied and continue to ...

Macquarie funds down, cash up

MICHELLE BALTAZAR  |  FRIDAY, 1 MAY 2009
... financial services suffered a $99 million loss, following the sale of the the group's Italian mortgages. But underneath the red ink, the division enjoyed a more than doubling of retail deposits, up from $6.6 billion to $13.4 billion. Ward said that the ...

More boutiques on BTIM's radar

RUTH LIEW  |  THURSDAY, 30 APR 2009
With $37 million in free cash burning a hole in its pocket and a solid $30 billion in funds under management in the half year to March, BT Investment Management looks well placed to add more to its boutique line-up. BTIM, which today announced a cash ...

The good in the bad news

BENJAMIN ONG  |  THURSDAY, 30 APR 2009
Sometime ago, I quoted Camp Quality's - an Australian children's family cancer charity organization - TV ad, 'Don't underestimate the power of optimism'. Wall Street lived this statement overnight with both the S&P 500 and the Dow rising by more than ...

OneAnswer FUM fall 20 pc

MICHAEL HOBBS  |  WEDNESDAY, 29 APR 2009
ING Australia's flagship OneAnswer platform funds under management (FUM) fell by 20 per cent or around $3.7 billion to $14.2 billion over a six month period to March, according to ANZ's half year profit report. ING Australia posted a $47 million half-year ...

UK budget cuts HNW pension relief

ALEX DUNNIN  |  WEDNESDAY, 29 APR 2009
In a forerunner to what might happen in next month's Federal Budget, the UK government has slashed retirement savings tax rebates for people earning more than A$300,000. The reforms are part of a widely criticised budget that takes the UK deficit to ...

Another day another inquiry

ALEX DUNNIN  |  WEDNESDAY, 29 APR 2009
Senator Nick Sherry has announced another inquiry into the superannuation system that kickstarts what could be the most fundamental review of modern superannuation since its introduction in the mid1980s. "After 21 years of operation, it's time to have ...

MLC takes earnings hit

MICHELLE BALTAZAR  |  TUESDAY, 28 APR 2009
NAB-owned wealth management arm MLC reduced its workforce by 5.4 per cent in the six months to March as bad markets and lower management fees took their toll on half-year earnings. In an ASX half-year statement released this morning, NAB announced that ...

Govt drafts new credit regime

MICHAEL HOBBS  |  TUESDAY, 28 APR 2009
The government has released a draft bill to develop a national credit licensing regime. The bill will create the Australian Credit License (ACL) which will come into effect from the beginning of next year. ACL holders must meet a set of minimum standards ...