Financial News Headlines
Demand for credit remains subdued
Finance, 01 Jul :: Demand for credit remains subdued in an uncertain economic climate with only the housing sector showing any signs of strength, new data shows... read more Financial planners raided over troubled investment schemes
Financial Planning, 01 Jul :: THE corporate regulator has escalated its campaign against the billion-dollar tax minimisation industry by raiding the homes of financial planners... read more Income definitions on verge of change
Financial Planning, 01 Jul :: Clients using strategies such as salary sacrifice may lose or have their access to some government benefits or concessions reduced following changes in income definitions for a range of benefits and concessions from July 1, 2009... read more Hedge funds make a come back
Investment, 01 Jul :: Hedge funds are seen as the cowboys of financial markets; blamed for targeting vulnerable companies and almost bringing down the world's financial system... read more People finding superannuation 'too complicated'
Superannuation, 01 Jul :: A new survey has shown mid-north coast residents are more concerned about having enough money to retire than losing their job... read more Shares end tough year with a bounce
Sharemarket, 01 Jul :: The Australian share market has ended the financial year on an optimistic note, driven up by the energy and retail sectors and a positive lead from United States markets... read more Up, up and away
Home Loans, 29 Jun :: The banks have been quick to raise fixed rates but there could be another chance to lock in at a low level later... read more Bank cycle still has way to go: Clyne
Finance, 29 Jun :: National Australia Bank Ltd (NAB) chief executive Cameron Clyne says rising bad debt levels will be feature of most banks' results over the "next couple" of half years, particularly if unemployment rises... read more Investor confidence turns positive
Investment, 29 Jun :: A return to positive territory for investor confidence for the first time since the global financial crisis began in August 2007 could reflect nervous optimism, according to the Investment and Financial Services Association (IFSA) CoreData Investor Sentiment Index... read more PI insurers keep turning the screws
Financial Planning, 29 Jun :: In addition to the cost of professional indemnity (PI) insurance for financial planners rising substantially, the measures being used to assess businesses seeking insurance have also become more stringent... read more AIG gets more help to cut debt
Insurance, 29 Jun :: Troubled US insurance giant American International Group (AIG) appears to have moved further into government ownership, agreeing to hand over stakes in two of its overseas units to the Federal Reserve Bank of New York... read more BOQ backflips on ASIC investigation
Financial Planning, 29 Jun :: The Bank of Queensland has been forced to backflip on its assertion yesterday that it was not under specific investigation by the Australian Securities and Investments Commission (ASIC)... read more Stocks end week on a winning note
Sharemarket, 29 Jun :: Aussie shares advanced for a fifth day in six, recovering all of Tuesday's big falls by the week's end... read more Borrowers likely to be hit again
Home Loans, 17 Jun :: THE Reserve Bank has signalled it is still more likely to cut interest rates than raise them this year, but mortgage borrowers could face higher costs regardless as banks drive rates up independently... read more Alternative assets boost super
Investment, 17 Jun :: The difference in performance between industry funds and retail funds comes down to the investment mix... read more FOS claims limit set to rise to $500,000
Financial Planning, 17 Jun :: The Financial Ombudsman Service (FOS) appears set to be able to accept complaints by consumers against financial advisers up to a value of $500,000 from next year... read more 'Ruddbank' defeated in Senate
Finance, 17 Jun :: The Senate has rejected a Government bill to set up a fund to help commercial property companies that are struggling to refinance their loans... read more New shots in battle over super
Superannuation, 17 Jun :: AUSTRALIA'S $300 billion retail superannuation industry will today pledge to roll back commissions, in a move aimed at improving the position of retail funds as they battle industry funds for market share... read more Stocks slump as resources dive
Sharemarket, 17 Jun :: The Australian share market ended lower for a second day as fresh worries about the global economy sent resource stocks sharply down... read more Banks fall into line on home loans
Home Loans, 16 Jun :: WESTPAC and National Australia Bank have followed the Commonwealth Bank in raising their fixed-term home loan rates in the wake of the storm unleashed by the country's largest lender in raising the price of its standard variable mortgages... read more Business borrowing dives, housing 'bubble' grows
Finance, 16 Jun :: Continuing strong growth in lending to home buyers has been more than offset by another sharp fall in business borrowing... read more First home owners overreaching
Home Loans, 16 Jun :: A report from property valuation firm LandMark White last week showed that new records are being hit in terms of both the number and size of loans granted to first home owners in New South Wales... read more Listed planning group signals uptick in advice demand
Financial Planning, 16 Jun :: Signs of market recovery have led to an increase in clients seeking advice and an improvement in overall investment activity, Prime Financial Group has reported... read more ATO to investigate investors inflating losses
Investment, 16 Jun :: The Australian Taxation Office (ATO) is investigating investors who are artificially inflating their investment losses or transferring them inappropriately to take advantage of tax refunds for any losses incurred... read more Bowen to legislate against super commissions as 'a last resort'
Superannuation, 16 Jun :: New Federal Financial Services Minister Chris Bowen would consider legislating against the use of commissions as remuneration in the superannuation industry “as a last resort”... read more Bank loan guarantee a 'barrier'
Finance, 16 Jun :: THE Productivity Commission chief has singled out the Government's bank borrowings guarantee as an impediment to competition... read more Stocks snap winning run
Sharemarket, 16 Jun :: Australian shares fell for the first trading day in four as weaker commodity prices prompted selling of mining stocks... read more Investors, first home buyers fuel loan growth
Home Loans, 11 Jun :: There are further signs that low interest rates and government incentives are boosting the house and apartment construction industry... read more A retirement conundrum
Superannuation, 11 Jun :: Legislative risk is the big concern as the Government shifts the super goalposts, writes John Collett... read more The only way is up
Investment, 11 Jun :: Hedge funds lost 19 per cent in 2008, representing the first year in a decade that the asset class did not deliver positive performance, according the Credit Suisse/ Tremont Hedge Fund Index... read more |
