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| | | ... their superannuation fund. This compares with 8% in 2009. The number of consumers, meanwhile, who would seek advice through a bank-owned financial planner was lower, at 17%. The number one channel was through advisers not directly or obviously attached ... |
| | | | ... equities news is expected on Monday. In Australia, the market on Friday ended with a second straight gain after the central bank lifted its forecasts for economic growth. The benchmark S&P/ASX200 index gained 35.1 points, or 0.68 per cent, to 5,166.5. ... |
| | | | The SMSFs Professionals' Association of Australia (SPAA) has supported the government's stance to oppose any form of compensation scheme for self-managed superannuation funds (SMSFs). In response to a statement made by the Assistant Treasurer Arthur ... |
| | | | ... possibility is they increase by double digit amounts in 2014," the paper suggested. However, for this to happen, the Reserve Bank would need to cut rates a further 50-100 basis points and the banks would need to pass this onto mortgagees, unemployment ... |
| | | | ... odd." She said the major banks and resources stocks were the key drivers of the market on Friday morning. National Australia Bank had gained 17 cents to $32.80, ANZ had added 17 cents to $29.60, Commonwealth Bank had increased 35 cents to $73.83 while ... |
| | | | Commonwealth Bank chief economist Michael Blythe has warned Australia to expect higher inflation as the dollar continues to fall. Presenting his 2014 economic forecast at an Australian Institute of Company Directors' (AICD) lunch in Sydney, Blythe said ... |
| | | | ... day ahead of the Labor Department's January job growth and unemployment data. In local economic news on Friday, the Reserve Bank of Australia issues its Statement on Monetary Policy. And, the Australian Industry Group/Housing Industry Association releases ... |
| | | | MyWave chief executive Geraldine McBride has been appointed to the board of directors of the National Australia Bank (NAB). McBride's appointment aims at strengthening the level of technology expertise on the board. Previously, McBride has held several ... |
| | | | ... million a year ago. The market's heavyweight industries, banks and resources, led the positive figures. National Australia Bank gained 34 cent to $34.48, ANZ added 30 cents to $29.32, Commonwealth Bank increased 77 cents to $73.26 while Westpac was up ... |
| | | | Global capital markets consultant GreySpark Partners has expanded its Asia Pacific operations with the opening of its first Australian office in Sydney. GreySpark Partners Australia will provide institutional investors and banks in Australia and across ... |
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