John Hoyle joins TAL Direct as CEO

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TAL Limited (TAL) announces the appointment of Mr John Hoyle as Chief Executive Officer of its TAL Direct (InsuranceLine) business. TAL Managing Director Jim Minto said “We at TAL see... Read more continue reading

Deficit on track, but surplus in 2012/13 is hard work

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On current figuring the Government will go close to achieving its goal of a budget deficit just over $37 billion this financial year, representing just over 2.5 per cent of... Read more continue reading

Weekly economic & market update

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The past week was one of “risk off” for global markets as concerns about Europe remain (particularly with French and Greek elections likely to further question Europe’s ability to solve... Read more continue reading

Beer consumption hits 65-year low

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Beer consumption has hit a 65-year low. The apparent consumption of alcohol consumed as beer fell from 4.45 litres to 4.23 litres per person, in 2010/11- the lowest result since... Read more continue reading

APRA releases proposed MySuper authorisation requirements

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The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper on proposed arrangements for the authorisation of MySuper products. Accompanying the discussion paper is a draft authorisation application... Read more continue reading

S&P assigns Four-Star ‘NEW’ ratings to OnePath Emerging Markets and Companies Trusts

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Standard & Poor’s Fund Services today assigned four-star ‘NEW’ ratings to the OnePath Wholesale Global Emerging Markets Share Trust and OnePath Wholesale Emerging Companies Trust. The funds were previously rated... Read more continue reading

Wealthtrac signs SLA with OnePath

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Independent superannuation and investment platform provider, Wealthtrac today signed a six-year service level agreement with Oasis Asset Management, now part of ANZ’s OnePath.  Wealthtrac Managing Director and CEO, Matthew Johnson,... Read more continue reading

ASIC releases policies on adviser training for carbon financial products

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ASIC has released its final policies on adviser training and financial requirements for entities and individuals providing financial services in relation to emissions units following a public consultation (refer Consultation Paper... Read more continue reading

Household incomes outpacing the cost of living

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Australian household income is outpacing the cost of living over the longer term, with disposable incomes increasing 20% over the last 27 years, while the average family is better off... Read more continue reading

RBA says it’s time to muscle up

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The Reserve Bank Board cut the official cash rate by 50 basis points (half of a percentage point) to 3.75 per cent. The cash rate is at the lowest level... Read more continue reading