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| | | ... strengthened by last week's sale of our mortgage operations and the retention of 80 per cent of its earnings in the life company. The group's share price rose more than 2 per cent in morning trade to around $2.80. |
| | | | ... 4320. In economics news on Monday, the Australian Bureau of Statistics releases new motor vehicle sales data for July. Company reporting continues, with Centrebet International Ltd and Fairfax Media Ltd delivering annual results, along with Challenger ... |
| | | | ... long term mandate and strategy. The sale reduces the Future Fund portfolio's holding in Telstra from 16.4 per cent of the company to 10.9 per cent. The sale price represents a discount of 4.9 per cent to the day's closing price and the volume sold represents ... |
| | | | CalPERS, one of the largest US pension funds, has filed legal action seeking a judicial review of California's state-imposed furlough program - stating the scheme inhibits the fund's ability to meet its contractual responsibilities. The California Public ... |
| | | | ... months jail with a non-parole period of two and a half years. White was a director at PFS Business Development Group, a company that set up SMSFs for clients. During the process of setting up an account, which he strongly encouraged, clients signed a ... |
| | | | Investment platform firm, netwealth has teamed up with Financial Simplicity to provide model portfolio and managed account technology on the platform. Stuart Holdsworth, managing director at Financial Simplicity, said netwealth has taken a lead position ... |
| | | | ... you think about them the more [ETFs] are a good idea," he said "Given I have a macro-economic background, more so than a company/analyst background, I thought I could marry my skills with what I see as a high growth area in Australia." Using his expertise ... |
| | | | ... update. On Thursday, the Australian share market closed marginally higher, with a stronger energy sector and positive company earnings reports offset by lower property and healthcare stocks. The benchmark S&P/ASX200 index closed up 3.7 points, or 0.08 ... |
| | | | ... said Dunn. He added that AMP will work closely with its financial planners to prepare them for the change and that the company is investing in systems that can support that remuneration model. The changes will adversely affect some financial planner ... |
| | | | Research has found half the UK companies with defined benefit pension schemes expect to close them to all employees in the next three years, forcing employees to rely on defined contribution schemes instead. Watson Wyatt research found more than one ... |
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