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Top 10 budget quotes

... still a very attractive measure and a good incentive scheme for many Australian workers." - Clearview Retirement Solutions company release "All Australians are now paying for the failed stimulus packages which have resulted in regressive changes to the ...

Financial Synergy hires CEO

COMPANY RELEASE  |  WEDNESDAY, 13 MAY 2009
Phillip Campbell has been appointed by the directors of Financial Synergy to head up the company's operations as chief executive and will be based at the company's head office in Melbourne. Campbell replaces Ken Galbraith who has been with Financial ...

Pension deficits worsen for FTSE 100

RUTH LIEW  |  WEDNESDAY, 13 MAY 2009
... 12-month shift in investment strategy for more than 20 years," said the report. In total, the amount contributed to FTSE 100 company schemes in the last financial year was $24 billion, down from $26 billion in the previous year.

Market Wrap - Morning

AAP  |  WEDNESDAY, 13 MAY 2009
... lift. At 0711 AEST on the Sydney Futures Exchange, the June share price index contract was 20 points higher at 3,889. In company news on Wednesday, Commonwealth Bank of Australia releases its March quarter trading update. CSL Ltd is scheduled to publish ...

FX trader guilty of $360k fraud

ASIC RELEASE  |  TUESDAY, 12 MAY 2009
... money from some 200 investors four years ago, when the scheme was operating between January 2003 and August 2005. The company folded two months later. Meanwhile, the promoters of the scheme, Richard Harris and Patricia Jenkins, have both received prison ...

Kofoed leaves ESSSuper

COMPANY RELEASE  |  TUESDAY, 12 MAY 2009
Don Kofoed, chief executive of the $14.6 billion Emergency Services & State Super, has resigned due to ill health. ESSSuper said in a media statement that Kofoed's resignation was accepted by the Board of ESSSuper, with understanding but with great ...

TRIS creates confusion: Partners

COMPANY RELEASE  |  TUESDAY, 12 MAY 2009
The introduction of Transition to Retirement Income Streams (TRIS) created more "early access" traps, according to Partners Superannuation Services. The implementation of tax-free benefits means those over 60 years of age and withdrawing a pension no ...

Local Govt Super overhauls intl eq, Aus equities next

RUTH LIEW  |  TUESDAY, 12 MAY 2009
... which is invested in Wellington's emerging markets fund. Marvin and Palmer's $80 million mandate was axed, while Boston Company also lost their $150 million contract with the super fund. "It's a fairly significant change," said Lambert. "We were of the ...

ING IM backs Asian bonds

COMPANY RELEASE  |  TUESDAY, 12 MAY 2009
Bond managers may need to review their allocation to Asian debt after ING Investment Management research found the region's bonds present better value than many developed countries. Research conducted by the firm found debt issued by Asian countries ...

Market Wrap - Morning

AAP  |  TUESDAY, 12 MAY 2009
... at 3,880. In economic news on Tuesday, the Australian Bureau of Statistics releases housing finance data for March. In company news, Sigma Pharmaceuticals Ltd and Oil Search Ltd hold annual general meetings. SP AusNet releases full year results. On Monday ...