Till debt do us part

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Research reveals financial freedom not a reality for many Australians Almost half of Australians won’t pay off their mortgages before they retire, a nationwide debt and savings survey by RaboDirect, Australia’s online savings and investments bank, has found. The National Saving and Debt Barometer found 49% of respondents with a home loan would be 60 […]

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AMP SignatureSuper selected as super fund for Trio Capital super fund members

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AMP SignatureSuper has been selected as the preferred successor superannuation fund for Trio Capital Limited’s (Trio) superannuation fund members by ACT Super Management Pty Ltd (ACT Super), the acting Trustee of Trio. From mid December, each member’s initial account, which total approximately A$200 million of unimpaired assets overall, will be transferred to AMP SignatureSuper in […]

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AvSuper selects Russell for member administration

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Russell and AvSuper partner to service over 6,000 members from the aviation industries AvSuper has selected Russell Investments to provide fund administration services to its 6,000 members. This is the first win for Russell’s new in-house administration model, set to kick off on 1 January 2011. “What really attracted us to Russell was their consultative […]

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Petrol hits 25-month high; Consumers slash debt

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Credit/debit cards; Weekly petrol; Lending finance Petrol prices to lift further. The terminal gate or wholesale price of petrol rose by another 3 cents a litre last week to 25-month highs. Over the past fortnight wholesale petrol prices have lifted 6.5 cents but the pump price has so far only risen by around 3.5 cents. […]

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Big issues for 2011

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Has consumer spending fundamentally changed? Is the US economy about to take off? Will China continue to dominate? Will the Aussie dollar be stronger for longer? How high will interest rates go? Is there a housing bubble? What we will be the impact of climate change policies? Will inflation or deflation rule? How long before […]

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China tightens again to stem inflation

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Chinese economic data Chinese consumer prices rose at a 5.1 per cent annual pace in November – the fastest pace in over two years but driven by higher food prices. Non-food inflation was just 1.9 per cent in November. China is using sales of state food reserves in an effort to cap food prices. Annual […]

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Weekly market & economic update – 10 December 2010

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Headline developments of the past week Another round of strong Chinese economic activity indicators, excessive loan growth and a further rise in inflation to 5.1% in November on the back of a sharp rise in food prices have kept Chinese authorities in tightening mode with the People’s Bank of China raising bank required reserve ratios […]

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Investor Signposts: Week Beginning December 12 2010

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The big picture Economists of all descriptions rely on models to predict where the economy is going. Unfortunately most are based on past relationships and events, and of course that can prove hit and miss as it is clear that every situation is different. And the other key variable affecting the economy is human behaviour, […]

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Review of 2010 and outlook for 2011

Key points 2010 has been somewhat disappointing for investors, with continuing economic recovery but various macro scares resulting in a constrained and volatile ride for share markets and other related investments. 2011 is likely to see global growth continue, and this combined with attractive valuations and easy money is likely to underpin renewed acceleration in […]

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Employment soars; productivity now in focus

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Labour force Employment rose by 54,600 in November, well above forecasts centred on job gains of around 20,000 (range from +5,000 to +35,000 jobs). The October result was revised up to show job growth of 36,900 (previously showed a rise of 29,700). Full-time employment rose by 55,100 (October jobs were down by 7,600) and part-time […]

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