AMP Limited reports A$672 million net profit for FY 13

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AMP Limited has reported a net profit of A$672 million for the year to 31 December 2013, compared with A$689 million for FY 12. Underlying profit for FY 13 was... Read more continue reading

SPAA takes responsible position on LRBAs

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The decision by the SMSF Professionals’ Association of Australia (SPAA) to engage with government, regulators and industry on Limited Recourse Borrowing Arrangements (LRBAs) exemplified its commitment to improving professional standards... Read more continue reading

Support for flexible penalties ‘sign of SMSF industry maturity’

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The SMSF industry’s support for a Government measure to introduce more flexible penalties for trustees who breach the rules demonstrates the maturity, integrity and professionalism of the sector, says AMP... Read more continue reading

New appointment targets financial adviser relationships

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Mani Papakonstantinos has joined Equity Trustees Limited’s (EQT) funds distribution business as key account manager, with responsibility for further building EQT’s relationships with financial advisers in Victoria and West Australia.... Read more continue reading

Slowest wage growth on record

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Wage price index Wages rose by 0.7 per cent in the December quarter. Annual growth of wages eased from 2.7 per cent to a record low of 2.6 per cent (series... Read more continue reading

FPA prepares planners for TASA

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The Financial Planning Association (FPA) is set to launch a comprehensive education campaign to prepare planners for the implementation of the Tax Agent Services Act in July. The campaign kicks... Read more continue reading

Appeal of SMSFs spreading to younger generations, says report

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The demand for SMSFs among younger people is growing apace, according to the latest research report commissioned by the SMSF Professionals’ Association of Australia (SPAA) and Russell Investments. The report,... Read more continue reading

CBA Economics: RBA’s neutral policy bias reiterated in Board minutes

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The February Board minutes reiterated the RBA’s neutral policy bias that was evident in the February Statement on Monetary Policy. The QIV Wage Price Index data (released Wednesday 19 February)... Read more continue reading

Leading sports administrator joins SPAA as Chief Operating Officer

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The SMSF Professionals’ Association of Australia (SPAA) has appointed Jacqui Murdoch as its Chief Operating Officer (COO) effective immediately. She will have administrative oversight of SPAA, the pre-eminent association in... Read more continue reading

van Eyk beefs up research team

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Leading investment research company, van Eyk Research has bolstered its manager research team with the appointment of three new analysts, as it prepares to host its 11th Annual Conference in... Read more continue reading