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Planners still optimistic: MLC

RUTH LIEW  |  TUESDAY, 4 NOV 2008
... per cent of financial planning business owners are confident their business will grow by more 25 per cent per year in the next five years, new data shows. A combined MLC/NAB survey indicates that planners are confident that their business will continue ...

AXA enhances North

MICHAEL HOBBS  |  MONDAY, 3 NOV 2008
Financial planners can help their clients protect their investment and contributions for the next five years after AXA Australia enhanced its North product. The new Protected Investment Guarantee option is a five to seven year, complete return of capital ...

Schroders eyes credit markets

RUTH LIEW  |  THURSDAY, 30 OCT 2008
... slide", and that it should only get better from here. "We're getting interested in gaining exposure to the [credit markets]. [Next year] we will start to build our position in high yielding credit," said Doyle. "We now have yields in the sub investment ...

Seesaw Margery Daw

BENJAMIN ONG  |  THURSDAY, 30 OCT 2008
... this current one. Wall Street sorely needs a spark to turn bearish sentiment around. Investors may have not long to wait. Next week's US presidential elections could be that spark - but only if Obama wins. According to Bloomberg, US stocks have generally ...

New rules for short selling

MICHAEL HOBBS  |  WEDNESDAY, 29 OCT 2008
... changed the disclosure rules on short selling, ahead of the expected lifting of the ban on shorting non-financial stocks next month. The disclosure and reporting requirements mean short selling activity on the ASX will be more transparent and both ASIC ...

Dubai to swoop in bad market

MICHAEL HOBBS  |  WEDNESDAY, 29 OCT 2008
... adjustments according to our needs," said Sulaiman. More than $1.5 trillion is projected to be invested across the Gulf in the next few years, presenting a massive opportunity for western companies, according to a Penrose Financial report. The report ...

Ratings first, platforms second: CAAM

RUTH LIEW  |  WEDNESDAY, 29 OCT 2008
... in direction from platform to ratings. "We're talking to a lot of prospective clients and consultants. I expect business next year, but right now, everyone is batting down their hatches and hanging on to what they've got, rather than looking around for ...

AustEthical director elected MLA

ALEX DUNNIN  |  TUESDAY, 28 OCT 2008
... Power, Oxfam, Anglicare and the Conservation Council. Le Couteur will become a major player in the ACT parliament during the next four years as Labor won seven seats, the Liberals six and the Greens four. She is expected to now resign from Aust Ethic ...

For those about to hit rock bottom, we salute you

ALEX DUNNIN  |  TUESDAY, 28 OCT 2008
... their 1990 comeback which caused a return to UK recessionary conditions. Analysts now fear what economic carnage will follow next year. "Small wonder that people turn to AC/DC in their millions when the world appears on the brink of chaos," noted the ...

CFS, ING and APN freeze access to $6bn in capital

MICHELLE BALTAZAR  |  MONDAY, 27 OCT 2008
... at last month, have also suspended redemptions. APN's board expects to have a unitholder meeting in the first quarter of next year to review the funds' liquidity options.