Financial News Headlines
Smart people make smart investments: study
Investment, 23 Jan :: A team of international researchers say they have produced the first conclusive evidence linking IQ levels to share ownership... read more Share market ends week with a bang
Sharemarket, 23 Jan :: The Australian share market ended last week at a nearly six-week high after investors appeared optimistic about economic prospects for the United States and Europe... read more Big bank bash continues in 2012
Home Loans, 16 Jan :: While Australian cricket's Big Bash has been attracting attention, the far more regular big bank bash is already on again... read more Bond boost sees market close on a high note
Sharemarket, 16 Jan :: The Australian share market posted a solid result today, closing at a one-month high after investors were buoyed by strong bond auctions in Spain and Italy overnight... read more Financial planners more willing to recommend industry super funds
Investment, 16 Jan :: More financial planners are recommending that their clients direct their investments to industry super funds, according to new research released by Roy Morgan... read more Another Commonwealth Financial Planning financial adviser banned
Financial Planning, 16 Jan :: The Australian Securities and Investments Commission (ASIC) has accepted an enforceable undertaking from a Commonwealth Financial Planning financial adviser who failed to meet his professional obligations... read more Risk brokers resent FOFA's 'one size fits all'
Insurance, 16 Jan :: The risk insurance industry has been unduly impacted by the Future of Financial Advice (FOFA) changes because the Government has adopted a 'one size fits all' approach, according to the National Insurance Brokers Association (NIBA)... read more Young Aussies attracted to SMSFs
Superannuation, 16 Jan :: The self-managed super fund (SMSF) model had become increasingly attractive to younger investors over the past few years, according to the Self-Managed Super Fund Professionals' Association of Australia (SPAA)... read more Commonwealth Bank changes ads following ASIC concern
Finance, 16 Jan :: The Commonwealth Bank of Australia has agreed to change some of its advertised loan comparison rates after concerns were raised by the Australian Securities and Investments Commission (ASIC)... read more Annuities market tipped to reach $2 billion by end of year
Investment, 06 Dec :: The Australian annuities market is expected to reach $2 billion in sales by the end of the 2011 calendar year, making it the biggest-selling year for annuities since 2004, according to independent research from Plan for Life... read more Superannuation fund members baulk at financial advice costs
Superannuation, 06 Dec :: Superannuation fund members are generally unwilling to pay extra for financial advice provided over the phone, over the internet or via a mobile device, according to research contained in a submission filed with the Parliamentary Joint Committee (PJC) reviewing the Government's Future of Financial Advice (FOFA) legislation... read more Suncorp purchases AMP insurance business
Insurance, 06 Dec :: Suncorp has purchased AMP's General Insurance Distribution (AMP GID), securing the business for Suncorp for the long term, the two groups announced today... read more Inflation fall strengthens case for rate cuts
Finance, 06 Dec :: A leading unofficial measure of inflation eased last month due to falling food and fuel prices, strengthening the case for interest rate cuts next year... read more Banks launch bid to ease mortgage stress
Home Loans, 06 Dec :: Australia's major banks are hoping to prevent increased levels of mortgage stress by launching a website to help borrowers avoid defaulting on their mortgage repayments... read more Shares mark sixth day of gains
Sharemarket, 06 Dec :: The local share market has closed higher for the sixth consecutive day at the start of a crucial week of meetings of European Union leaders... read more Intra-fund financial advice a threat to corporate superannuation
Superannuation, 14 Nov :: The Corporate Super Specialist Alliance (CSSA) is concerned that when the third tranche of Future of Financial Advice (FOFA) reforms is released, intra-fund advice provisions will lead to a blurring between financial advice and administration costs... read more Financial planners employed by banks less satisfied
Financial Planning, 14 Nov :: Financial planners working in bank branches are less satisfied with their support system than those working for independent or even institutionally-owned dealer groups, according to data from Investment Trends... read more Insurance in superannuation - what is about to change?
Insurance, 14 Nov :: Following the Government’s release of the Stronger Super information pack, Comminsure's Jeffrey Scott outlines some of the major changes about to happen with respect to insurance within superannuation... read more Man accused of insurance fraud found not guilty
Insurance, 07 Nov :: A Canberra teacher who was accused of asking his friend to burn a car in an insurance fraud has been found not guilty in the ACT Supreme Court... read more Reserve Bank cuts domestic growth outlook
Finance, 07 Nov :: The Reserve Bank of Australia (RBA) has cut its forecast for economic growth and inflation in its latest quarterly report card... read more Paraplanners still in demand
Investment, 07 Nov :: Despite the current market volatility and uncertainty a strong demand remains for financial planners, according to the latest eJobs national survey... read more Interest rate cut to test mortgage exit fee ban
Home Loans, 07 Nov :: Yesterday's decision by the Reserve Bank of Australia (RBA) to lower the official cash rate by 25 basis points to 4... read more FOFA likely to drive accountants closer to financial planners
Financial Planning, 07 Nov :: Restoring accountants' licensing exemption is a positive development that will drive accountants and financial planners closer together, according to Patron Financial Advice general manager Robert McCann... read more Industry super funds struggling to retain high-balance members
Superannuation, 07 Nov :: The vast majority of industry super fund members who receive external financial advice move their money into a retail fund or a self-managed superannuation fund (SMSF), according to Deloitte partner Russell Mason... read more Opposition to retain superannuation increase
Superannuation, 07 Nov :: The Federal Opposition says if the mining tax gets through Parliament it will not scrap the associated boost to superannuation... read more Australia's life insurance gap expands as risk aversion increases - Swiss Re
Insurance, 25 Oct :: The life insurance gap in Australia expanded from $540 billion to $927 billion between 2000 and 2010 – the fifth largest increase in the world, according to Swiss Re’s ‘Mortality Protection Gap: Asia-Pacific 2011’... read more IFM urges boost in infrastructure investment
Superannuation, 25 Oct :: For many Australians the deepening impact of the global financial crisis might seem far away in Europe and the United States... read more Local market surges on China, Europe news
Sharemarket, 25 Oct :: Local shares have surged nearly 3 per cent, or about $35 billion, amid good news about the Chinese economy and optimism in Europe... read more MLC launches new insurance offer
Insurance, 21 Oct :: MLC has come out with a new insurance product, aptly named MLC Insurance, which marks the culmination of the company's integration with Aviva... read more Gap between industry and retail superannuation funds shrinks
Superannuation, 21 Oct :: The gap between industry super funds and the big six retail funds has significantly shrunk over the past year in terms of customer satisfaction, according to Roy Morgan's Superannuation Satisfaction research... read more |
