FPA calls on Minister Shorten to recognise financial planning profession under law

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Minimum standards and legislative support benefits for all Australians x The Financial Planning Association (FPA) today called upon Assistant Treasurer and Minister for Financial Services and Superannuation Bill Shorten to... Read more continue reading

ASIC proposes major improvements in quality of prospectuses

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ASIC is proposing an overhaul of prospectuses that would make them much easier for retail investors to use and would improve the quality of information on the proposed business model and... Read more continue reading

Bendigo Wealth launched – A new era in wealth management at Bendigo and Adelaide Bank

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Bendigo and Adelaide Bank has announced the launch of Bendigo Wealth, a new wealth management division that will leverage off the bank’s high brand recognition and leading customer satisfaction ranking.... Read more continue reading

Survey supports risk-based model for property insurance for natural disasters – and some government involvement

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A survey of 420 actuaries shows that an overwhelming majority (73%) support retention of a risk-rated model for property insurance with opinion divided on whether there should be premium subsidies... Read more continue reading

Lloyds International: A global perspective on the local economy

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Lloyds chief economist on inflation, interest rates and the outlook for the Australian economy x The Australian economy will continue to grow rapidly in 2011 buoyed by the continuing resources... Read more continue reading

S&P Three-Star ‘NEW’ Rating for Glennon Capital Small Companies Portfolio

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Standard & Poor’s Fund Services today assigned its three-star ‘NEW’ rating to the Glennon Capital Small Companies Portfolio, a SMA model portfolio which is managed by Glennon Capital and available... Read more continue reading

Lending at 5-year low; Petrol at 30-month high

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Lending finance Lending slumped in February. Total lending finance fell by 5.7 per cent in February after sliding by 6.1 per cent in January. Lending totalled $49.3 billion in February –... Read more continue reading

Snippet – To the edge and back again

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The Second Liberty Bond Act of 1917 placed a limit on the amount of public debt that the US Government can have outstanding. This Statutory Debt Limit, or debt ceiling,... Read more continue reading

AFA: FOFA reforms include new education standards

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This week the Government and ASIC have made two key announcements concerning the future of advice. Increasing education standards for new and existing advisers Financial advisers and the scope taxation... Read more continue reading

Jobs up, but slowdown clear over time

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Labour force Employment rebounded in March, lifting by 37,800 people. Economists had tipped job gains of 20,000 (range from +5,000 to +30,000 jobs). The February result was revised to show job... Read more continue reading