ASIC: corporate insolvencies on the rise

Official figures released by ASIC today reveal corporate insolvencies have risen 4.4% in the 2010-11 financial year to date. ASIC’s Senior Executive Leader of the Insolvency Practitioners team, Adrian Brown, said that despite a decrease in external administration appointments in May compared to the same time last year, these latest figures show the number of […]

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Licensee Select appoints new operations manager

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Licensee Select has appointed Simon Dutton to the role of Manager, Operations and Service Delivery. David Hunt, National Manager Licensee Select, welcomed Simon to the role and said the appointment came as the business continues to experience unprecedented growth. “Simon will focus on working closely with our key stakeholders to support the continued growth of […]

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New Director Joins Bank Board

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Bendigo and Adelaide Bank has announced the appointment of former Ericsson CEO, Jacqueline Hey, to its Board of Directors. Ms Hey was previously CEO of Ericsson in the UK and in Australia. She worked with Ericsson for more than 20-years in finance, marketing, sales and leadership roles in Australia, Sweden, the UK and the Middle […]

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Trade surplus hits seven month high

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International trade; Performance of Services Australia’s trade surplus widened by $716 million to $2,333 million in May – a seven month high. Exports rose 3.2 per cent with imports up 0.4 per cent. The trade surplus with broader China (China and Hong Kong) has risen from $10.3 billion to $25 billion in the space of […]

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The Ten Commandments of Practice Management

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Improving the processes in your practice is one of those things most financial planners need to do, but usually they put it on the back burner so they can get higher priority tasks done.  Like meeting new clients and reviewing existing clients. But at some stage it will be worthwhile taking the time to improve […]

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CommSec: Population growth hits 5-year low and cash is now king

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Demographic data; Financial Accounts Australia’s population grew by 69,703 people over the December quarter to 22,477,378. Annual population growth slowed from 1.57 per cent to 1.47 per cent – the weakest growth rate in almost five years. Despite businesses crying out for skilled migration, the Government’s reduction in the skilled migrant intake meant that in-bound […]

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RBA confirms that it is ‘wait and see’ mode

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In a speech by RBA Assistant Governor (Economic) Philip Lowe entitled “Inflation: The Recent Past and the Future”, Mr Lowe has reiterated that the RBA believes underlying inflation will lift only slowly, and over a matter of years rather than months. Philip Lowe didn’t flag any near-term implications for rates, noting: “While conditions are very […]

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New Bendigo Wealth division builds capacity in IFA market

Bendigo Wealth announces the appointment of two Regional Managers to lead the Distribution team and play an instrumental role in forging the holistic product and service solution for the IFA market. New appointments have also been announced in the Manufacturing and Business Development areas of the business. Head of Wealth Markets, Alexandra Tullio, announced the appointments […]

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ETF Landscape: Global Industry Highlights

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Deborah Fuhr, Managing Director and Global Head of ETF Research and Implementation Strategy at BlackRock, reports on the growth of Exchange Traded Funds (ETFs) and Exchanged Traded Products (ETPs) around the globe. At the end of May 2011, the global ETF industry had 2,747 ETFs with 6,079 listings and assets of US$1,446.6 Bn, from 142 providers on […]

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CommSec: Improved conditions for retailers

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CBA Business Spending Index There appears light in the tunnel for retailers. A key measure of economy-wide spending is now edging slightly higher after contracting for most of the past year. The Commonwealth Bank Business Sales Indicator (BSI) was broadly flat in trend terms in May (actually up 0.02 per cent). Revised figures now indicate […]

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