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Superannuation

Market wrap

AAP  |  FRIDAY, 4 AUG 2006
The share market is expected to open weaker, following a surprise lift in rates by the Bank of England (BOE) and the European Central Bank (ECB). On the Sydney Futures Exchange at 0738 AEST, the September share price index contract was down 11 points ...

In dividends we trust: AQR

A leading US-based money manager on a whirlwind visit to Australia regaled his audience at a BT Financial briefing with his thoughts on market behaviour and concluded that when it comes to making money, companies that pay dividends rule.

CFDs account for 35 per cent of UK trades: GreensCFD

ALEX DUNNIN  |  THURSDAY, 3 AUG 2006
New contracts for difference (CFD) operator GreensCFD is the latest player to step into a booming market for these ultra-flexible investment instruments.

Demand absorbs 9 per cent increase in office supply: PCA

ALEX DUNNIN  |  THURSDAY, 3 AUG 2006
Tenant demand for commercial office property is driving down vacancy rates despite increasing supply in the property market.

Investors rush for capital protected loans

Investors are going gangbusters for capital protected margin lending products as a way to ride the market mood swings, according to the latest data from the Reserve Bank.

ASIC defends AMP FP action

KATE HAGE  |  THURSDAY, 3 AUG 2006
Australian Securities and Investments Commission (ASIC) chairman, Jeffrey Lucy, defended the regulator's decision to avoid a court action in preference of handing out an enforceable undertaking to AMP Financial Planning yesterday, flagging an increased ...

Industry pleads for greater professionalism

KATE HAGE  |  THURSDAY, 3 AUG 2006
The wealth management industry is in transition and now is the time to strive for greater professionalism, said industry identities at the opening session of the IFSA annual conference yesterday.

GIO Insurance directors hit with heavy penalties

HAMISH MADDEN  |  THURSDAY, 3 AUG 2006
Three former directors of GIO Insurance were disqualified and dealt hefty fines by the NSW Supreme Court after an Australian Securities and Investments Commission (ASIC) investigation into their dishonest and improper conduct.

CommInsure rolls out sweeping upgrades - free of charge

HAMISH MADDEN  |  WEDNESDAY, 2 AUG 2006
CommInsure yesterday set about breaking away from its peers with significant - and free - product upgrades, citing a commitment to further strategic change.

Borrowers in trouble after rate hike

The country's peak building and construction group fears the Reserve Bank's move to lift interest rates by 0.25 per cent represents a financial blow that many home owners can ill afford.