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MAX Awards to showcase innovation in financial services sales and marketing

STAFF WRITER  |  FRIDAY, 29 MAY 2015
... Year - Consumer Division Challenger - Annuities Kinetic Super - Get Your Super Moving Mercer - Reward Your Future Self MLC - Save Retirement Sunsuper - Whatever Your Dreams Advertising Campaign of the Year - Trade Division Nikko AM - New Asia Fund Perpetual ...

The recesssion we longed to have

BENJAMIN ONG  |  FRIDAY, 29 MAY 2015
There was weeping and gnashing of teeth following the release of the latest Australian capex data for it was bad. It's bad, it's bad that we get to see the "R" word back in print. "Capex: Business investment plans at 'recessionary' levels" (abc.net) ...

FSC backs Commission on choice of super funds

DARREN SNYDER  |  WEDNESDAY, 20 MAY 2015
... avoid conflicts of interest and to open the superannuation market to competition and choice. "If Australians are forced to save a portion of their salary for 40 to 50 years, they must be allowed to decide who will be the custodian of their money," Loane ...

Superannuation tax concessions unsustainable: Bowen

DARREN SNYDER  |  FRIDAY, 15 MAY 2015
... measure is reported to affect approximately 60,000 account holders with superannuation balances in excess of $1.5 million and save around $9.2 billion over 10 years, not impacting pensioners or part pensioners.

Age pension kept at highest indexation rate

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... per $1000 of assets, while also increasing the threshold at which the asset test starts to apply, would require a couple to save around $120,000 more for a comfortable retirement, requiring a super balance of $630,000. "This will have a greater impact ...

Age Pension under the spotlight in tonight's budget

LAURA MILLAN  |  TUESDAY, 12 MAY 2015
... planning to reduce the maximum valuable assets you can hold to qualify for a part pension. The pension reforms are expected to save $2.4 billion in the budget's forward estimates, Morrison said. UTS Business School Professor David Michayluk alerted that ...

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
... retired public servants, hide large portions of their defined benefit income stream. The loophole closure is expected to save a further $470 million over the four-year forward estimates. PLANNED CHANGES TO THE AGE PENSION FROM JANUARY 2017 WHO'S AFFECTED ...

Market Wrap PM

AAP  |  WEDNESDAY, 6 MAY 2015
... during the March quarter while comparable sales were up just 0.7 per cent. The retail giant is also axing 400 jobs in a bid to save $500 million in costs. Internet provider iiNet recommended that shareholders accept a takeover bid from TPG Telecom after ...

Better to own or to rent investments?

JOHN DYALL  |  MONDAY, 27 APR 2015
The latest fixed income market outlook from BlackRock's Rick Rieder poses the interesting question of whether there are some assets in a portfolio which are there for the long term and others which have a place for a short time, depending on opportunities ...

Government needs to allow retail default super

ALEX BURKE  |  THURSDAY, 23 APR 2015
... funds for Australian workplaces. All employees should be able to exercise choice of fund." "If Australians are forced to save a portion of their salary for 40 to 50 years they must be allowed to decide who will be the custodian of their money."