SPAA urges overhaul of education and training requirements

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The SMSF Professionals’ Association of Australia (SPAA) has told a parliamentary inquiry that the education and training requirements for the financial advisory industry need to be radically overhauled. In 21-page... Read more continue reading

What is needed to drive consumer spending?

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Real wages growth will remain low while the labour market is weak.  Real household disposable income growth will continue to run at a below‑average pace and therefore act as a... Read more continue reading

Spending growth extends into the fourth year

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Commonwealth Bank Business Sales Index Economy-wide spending grew at “normal” pace in August, moving the sales expansion into the fourth year. The Commonwealth Bank Business Sales Indicator (BSI) – a... Read more continue reading

Leading WA finance broker completes change of business name

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Leading West Australian finance broking company Security Allied Finance Pty Ltd has successfully completed the process to change its trading name to Allied Finance (WA) and Managing Director Russell Green... Read more continue reading

Petrol prices drift higher; Asian shares slide

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Weekly Petrol Prices; Sharemarket trends Petrol prices rise: According to the Australian Institute of Petroleum, the national average Australian price of petrol rose by 2.8 cents per litre to 147.6... Read more continue reading

Jobs up most in a decade, but record fall in mining

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Employment by Industry Industry employment: Employment rose by 119,800 over the three months to August – the biggest quarterly increase in over almost a decade (since November 2004). Mining jobs fall: Mining... Read more continue reading

ASIC update on financial advice stakeholder engagement

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ASIC yesterday reported on the results of two financial advice industry engagement projects conducted during the 2013–14 financial year. This work included meetings with representatives of 95 Australian financial services (AFS)... Read more continue reading

Jitters ahead of US rate decision

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Economic & financial events; Imports Volatility ahead of key events: Currency and share markets have exhibited volatility in recent days ahead the Scottish referendum and the US Federal Reserve meeting... Read more continue reading

Currency markets heat up, says Instreet

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Two events are set to grab the most attention this week – the outcome of the US Federal Reserve’s policy meeting and the referendum on Scottish independence. Both are important... Read more continue reading