Zenith 2012 International Shares Sector Review

From

Developed and emerging markets are continuing to merge, according to Zenith Investment Partners 2012 International Shares sector review. Where a company is domiciled is no longer such a focus for global equity managers. Bronwen Moncrieff, Senior Investment Analyst at Zenith said “Barriers that may once have existed and encouraged the separation between developed and emerging

continue reading

Weekly economic & market update

From

Global monetary easing continued over the past week with the Reserve Bank of India cutting banks’ required cash ratios and the Bank of Japan increasing the size of its quantitative easing program and extending it by six months till the end of 2013. The Reserve Bank of India’s easing may in part be a response

continue reading

ATO: take care what you declare!

From

So far this tax time the ATO has already stopped 58,000 income tax returns containing suspected over claimed or fraudulent refunds. “Each year our ability to match data gets better, making it more likely people will be identified if they leave anything out or incorrectly report items on their tax return,” said Tax Commissioner Michael

continue reading

Tough trading times for business

From

There was a further easing in economy-wide spending in August after temporary stimulus boosted spending in May and June. After sliding 5.4 per cent in seasonally adjusted terms in July, the Commonwealth Bank Business Sales Indicator (BSI) fell a further 0.4 per cent in August. The BSI had lifted 3.3 per cent in June and

continue reading

AMP Financial Services re-signs van Eyk

AMP Financial Services has re-signed van Eyk research for a further three years to provide access to its iRate online research platform to AMP Financial Planning (AMPFP), Hillross and Genesys planners.  The iRate platform provides planners access to research, the van Eyk fund manager ratings screen, portfolio construction tools and analytics to assist in the

continue reading

Principal Global Investors 2012 Central Bank Watch

From

Principal Global Investors’ today released their monthly Central Bank Watch which evaluates the Reserve Bank of Australia’s current and expected interest rate policy. The report refers to the Reserve Bank of Australia’s (RBA) anticipated decision to keep the cash rate on hold with expected growth to remain close to trend and inflation to remain consistent

continue reading

AUI appoints fourth investment specialist

From

Australian Unity Investments (AUI) has finalised its investment specialist team with the appointment of Kate Hoare as the fourth senior investment executive, reporting to Fiona Dunn (general manager – funds management).   It follows the recent appointments of Jody Fitzgerald, Guy Sainsbury and Paul Ramsay to the team, which augments the support AUI provides its asset managers

continue reading

SMSFs should stay in ATO’s jurisdiction, says SPAA

From

The Australian Taxation Office (ATO) is the right regulatory body to oversee the self managed super fund sector, says SMSF Professionals’ Association of Australia (SPAA) CEO Andrea Slattery.   Mrs Slattery says: “All the evidence suggests that the ATO does an excellent job regulating this sector, and calls for SMSFs to come under the umbrella of

continue reading

Product team appointments at Tyndall

From

Following the creation of its new sales and marketing division to expand its product range and take full advantage of emerging opportunities, Tyndall AM has appointed two new managers to its product development team.  Shirley Bowles has joined Tyndall as senior manager, product strategy and development, and Steven Birkett has been appointed senior product manager. 

continue reading

APRA releases consultation package on revised reporting requirements for superannuation

From

The Australian Prudential Regulation Authority (APRA) has released for consultation a discussion paper outlining its proposed revised reporting requirements for APRA-regulated superannuation funds. The consultation package includes 31 draft reporting forms and instructions. APRA’s proposed reporting requirements implement the transparency and accountability recommendations from the Government’s Stronger Super reforms, and the proposals APRA previously consulted

continue reading