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Showing 9811 - 9820 of 10713 results for "May 1997"

Boomer Budget bonanza

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2006
The 11th Costello Budget, drawing almost universal praise from the superannuation industry, is tailor made to boost savings from lackluster boomers while its red tape reductions should see advisers get back to actually being advisers. "ASFA's calls ...

Fees are going up, but it wasn't meant to be

ALEX DUNNIN  |  TUESDAY, 9 MAY 2006
Market pressure due to super choice was meant to drive down fees. But fees are going up. Why? The answer is primarily due to the impact of the ASIC fee template. Yes, it's the government's fault. Not because compliance costs have added to super fund ...

AMP puts pedal to the metal

HAMISH MADDEN  |  MONDAY, 8 MAY 2006
AMP's emphatic revival continues, with the company reporting a 29 per cent increase in cash inflows to $2.66 billion in the March quarter. Net cash flows came in at $341 million, nearly triple the $115 million reported in the previous corresponding ...

FPA stops short of backing member calls

KATE HAGE  |  MONDAY, 8 MAY 2006
The Financial Planning Association (FPA) has stopped short of backing member calls for a shift towards offering consumers the choice of fee for service, instead supporting what it calls an "advice-based" fee model. FPA chairman, Corinna Dieters, said ...

Weekly economic round-up

BENJAMIN ONG  |  MONDAY, 8 MAY 2006
Following a week of controversy surrounding the Reserve Bank of Australia's (RBA) announcement of a 25 basis point hike in the country's official cash rate, this week will give financial markets more variables to digest as the Federal Treasury delivers ...

Daily Economic Update

The Australian Bureau of Statistics (ABS) released data showing that total dwelling units approved increased by 2.2 per cent in March. A sharp 13.8 per cent surge in approvals for 'other' private sector dwelling units, which offset the 2.5 per cent ...

Investors throw money at Praemium listing

HAMISH MADDEN  |  FRIDAY, 5 MAY 2006
Praemium has announced a premature close to its $18 million capital raising on the back of a very healthy response to its initial public offering (IPO). The IPO is part of Praemium's strategy to grow the business domestically as well as launching into ...

Daily economic update

US economic data continues to surprise on the upside, creating doubts over expectations that the US Federal Reserve is nearly finished with its interest rate hikes. US factory orders surged by 4.2 per cent in March following an upwardly revised gain ...

Rate hike catches economists unaware

KATE HAGE  |  WEDNESDAY, 3 MAY 2006
The Reserve Bank of Australia (RBA) handed down a controversial decision today to lift the official cash rate from 5.5 per cent to 5.75 per cent, a move economists say caught many unawares. Benjamin Ong, chief economist with the Financial Standard Intelligence ...

APRA super splitting extension flawed

KATE HAGE  |  TUESDAY, 2 MAY 2006
The Australian Prudential Regulation Authority (APRA) has extended contributions splitting for members to any roll-over funds and transfers made before the 1 July RSE license deadline, but according to some the policy is flawed. Terry Brigden, partner ...