AMP Bank reduces home loan interest rates by up to 30 basis points

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AMP Bank has reduced its interest rates for new and existing customers across all variable rate home loans by 25 basis points and for new fixed term home loans by... Read more continue reading

Future2 and FPA draw closer

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A long-standing relationship between the Future2 Foundation and the Financial Planning Association (FPA) has been formalised and strengthened with an agreement to work together for the betterment of the Australian... Read more continue reading

More home loans, but no boom in sight

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Housing finance Home loans on the rise: The number of new owner-occupier housing loans rose by 2.7 per cent in June – the sixth straight increase. Over the first six months... Read more continue reading

Reserve Bank ponders next move

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Reserve Bank Board meeting The Reserve Bank Board has cut the official cash rate by 25 basis points or a quarter of a per cent to 2.50 per cent. It... Read more continue reading

Russell appoints Jeff Hussey as global chief investment officer

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Global asset manager Russell Investments announced today the appointment of Jeff Hussey to the role of global chief investment officer. Pete Gunning, who held the global CIO role since 2008,... Read more continue reading

Super-Abenomics: surprising speed of reform ahead

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The Japanese Upper House election held on Sunday 21 July was a true test of the country’s attitude to ‘Abenomics’. The result was resounding support for Japanese Prime Minister Shinzo... Read more continue reading

Former Gunns chairman pleads guilty to insider trading

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Former Gunns Limited (Gunns) chairman, John Eugene Gay has pleaded guilty to insider trading. Mr Gay, who was a director of Gunns Limited from 1980 to 2010 and was chairman... Read more continue reading

CANSTAR issues rate movements and commentary ahead of Tuesday’s RBA announcement

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Commenting ahead of the RBA announcement, Mitchell Watson, Research Manager for CANSTAR said: “Last week Reserve Bank Governor Glenn Stevens gave a speech in which he called the end to... Read more continue reading

Weekly market & economic update: week ending August 2

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Key events of the past week and implications Shares continued to trend higher over the past week helped by dovish central bank comments and good news from the US and... Read more continue reading

FSC says governments should be consolidating superannuation not taking it

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Financial Services Council CEO, John Brogden said today the government’s announcement today to increase the threshold for inactive superannuation accounts from $2,000 to $4,000 then to $6,000 is unfair. “We... Read more continue reading