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International economic growth should lift Australia's economy: QIC economist

... increase to avoid the build-up of inflationary pressures. We believe that a rate rise is unlikely before the first quarter of next year - as the RBA needs to be convinced further that the international recovery is gaining traction. Any increase in interest ...

ASFA strongly argues in favour of a cut in super contributions tax

The elimination of the 15 per cent contributions tax on super in next year's budget would benefit the economic wellbeing of Australians and the nation as a whole, than another minor income tax cut, according to the Association of Superannuation Funds ...

Cicutto reappointed as NAB chief

AAP | FRIDAY, 24 OCT 2003

... shares under that scheme would also be forfeited. Mr Cicutto's remuneration for 2002/03 will be revealed in the company's next annual report, to be published later this year. The previous year his base salary was $1.76 million but bonuses and other entitlements ...

ASX gives no tips on new CEO

AAP | FRIDAY, 24 OCT 2003

... search to make sure that there wasn't somebody who we'd overlooked." In his speech during the meeting Mr Humphry, who retires next July, praised several high ranking ASX staff, including chief operating officer Colin Scully and soon-to-retire deputy ...

Hot investments cold: Navigator

... hedge funds managed to attract just 0.7%. "Ethical funds are often vaunted and promoted as a 'hot' investment option and the 'next big thing', but our analysis shows that in reality, it receives minimal attention by investors utilising our service," ...

Annualised growth rate beats long term trend: Westpac/MI

AAP | WEDNESDAY, 22 OCT 2003

... September quarter, Mr Evans said. "As indicated by the Leading Index, we can expect that strong momentum to be sustained for the next six months or so," he said. "All three monthly components of the Coincident Index improves in August. "The improvement ...

Westpac announces lowering of merchant credit card fees

... customers advising them of the new lower Merchant Service Fees applicable to them, the benefits of which will flow through next months," said Paul Lilley, general manager of Westpac sales and service. "With merchant fees falling significantly, Australian ...

Business conditions strengthen significantly: NAB survey

AAP | TUESDAY, 21 OCT 2003

... the face of a progressive strengthening in business conditions, forward orders and capacity utilisation during the quarter. Next quarter expectations for business conditions rose to near record levels, while longer term expectations rose sharply. This ...

Strong business investment to peak by mid-2004: Westpac economist

Strong business investment is expected to continue and peak towards the middle of next year, driven primarily by strong domestic demand for housing and consumer goods. In an exclusive interview with the Financial Standard, Justin Smirk, senior economist ...

Distributor sees continued growth in non-advisory services

... distribution currently only accounts for five per cent of new business growth, according to Mr Lannon, but market share in the next few years could reach 30% or levels similar to those in the US. While platform products account for 80% of the current ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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Christian Mueller-Glissmann

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When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

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Blake Briggs

CHIEF EXECUTIVE OFFICER
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Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.

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