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Showing 61 - 70 of 83 results for "Part 7.7 A"

AXA fined for poor advice in the UK

LAURA MILLAN  |  MONDAY, 16 SEP 2013
The UK Financial Conduct Authority (FCA) has imposed AXA a financial penalty for giving poor investment advice to NAB-owned banks in the UK. AXA will have to pay a fine of more than A$3 million to customers of NAB-owned Clydesdale Bank and Yorkshire ...

Fool me not again

BENJAMIN ONG  |  MONDAY, 12 NOV 2012
Fool me once, shame on you, fool me twice... Has anybody heard about the US fiscal cliff? Of course everybody has. Nobody can miss it even if they try. Not you, not I, not Irene. Yes, not you too Virginia. It's all over... everywhere. Not when that ...

Quality could replace China volume-play

BEN COLLINS  |  THURSDAY, 25 OCT 2012
While China is regarded as the global powerhouse for manufacturing, demand for exports has declined in recent years, caused partly by economic slow downs and rising labour costs worldwide. While the volume story might be slowly winding down, companies ...

Call for new generation annuities

ELISE BURGESS  |  FRIDAY, 3 FEB 2012
The Actuaries Institute has called for tax disincentives to be removed from deferred lifetime annuity products found in overseas markets, along with the development of a new generation of annuities in its pre-budget submission to the Federal Government. ...

FSU slams banking sector cost cutting plans

CLAIRE MCGREAL  |  TUESDAY, 17 JAN 2012
The Finance Sector Union, representing workers at Australia's big four banks, said job cuts in the banking industry cannot be justified. Reports today claim thousands of bank jobs could be on the line over the next two years as part of major cost cutting ...

Age Pension must be factored into retirement income

RACHEL DAVIS  |  TUESDAY, 8 NOV 2011
Australians should factor in the Age Pension when looking at their projected retirement income, according to global professional services firm, Towers Watson. "Superannuation Guarantee increases notwithstanding, the Age Pension will continue to provide ...

Machines of loving grace

BENJAMIN ONG  |  THURSDAY, 3 NOV 2011
... Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year." No it's not. "Nonetheless, recent indicators ...

Market Wrap - Morning

AAP  |  FRIDAY, 23 SEP 2011
The Australian market looks set to open lower after Wall Street lost more than 3.5 per cent and European stocks also fell sharply overnight. At 0714 AEST on Friday, the December share price index futures contract was down 76 points at 3,890. In economic ...

Rising oil prices add to sovereign risk

ALISON BEVEGE  |  TUESDAY, 22 MAR 2011
Super funds have been urged to perform oil vulnerability assessment after blasts rocked Moamar Gaddafi's Tripoli compound this morning. As explosions and anti-aircraft fire rocked the Libyan capital, brent crude prices rose to US$114.86 per barrel. ...

AMP to manage Trio Capital super money

ELISE BURGESS  |  MONDAY, 13 DEC 2010
AMP SignatureSuper has been selected as the preferred successor superannuation fund for embattled Trio Capital Limited super fund members. ACT Super Management, acting as trustee of Trio Capital since last December, made the decision to transfer the ...