Education workshops mark financial planning history

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The Financial Planning Association (FPA) has announced that it will be conducting a series of exclusive educational workshops across Australia as part of its 20th Anniversary celebrations. The workshops, targeted at financial planning professionals, will be led by industry leaders presenting sessions on: Integrating trust into your advice process presented by The Tax Institute Building your

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Zenith rates the OCTIS Asia Pacific Fund Recommended

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OCTIS Asset Management (the “Manager”) is an Asian multi-strategy hedge fund manager that offers the OCTIS Asia Pacific Fund (the “Fund”). The Fund uses a combination of strategies with the aim of producing long term capital growth with a low level of volatility. The Manager is expected to add value through a number of factors

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US Federal Reserve approves QE3

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Earlier today, the US Federal Reserve Open Market Committee (FOMC) approved another round of unconventional monetary stimulus, agreeing to deliver the third set of quantitative easing (QE3). The plans announced by US Federal Reserve Chairman, Ben Beranke, were welcomed by investors and traders as financial markets across the globe witnessed a buying spree that sent

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Weekly market & economic update – risk on!

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The past week has been another good one for investors as various key events that investors had been worrying about have continued to pass with positive outcomes. The big news is that the Fed is commencing open ended quantitative easing (QE3) with the purchase of $40bn worth of mortgage backed securities a month that will

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Will you marry me?

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I have no idea what the actual statistics would be, but I am willing to wager that the success rate of popping the question “will you marry me?” onto a prospective partner who you have not yet dated is probably pretty low. If you’ve dated for a bit, the odds get a bit better, though

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Biggest fall in credit card debt in 18 years

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The average credit card balance fell by $69 (2.0 per cent) to $3,299.10 in July. It was the biggest fall in credit card debt for a July month on record (18 years). The average credit card balance is up just 0.2 per cent on a year ago. In smoothed terms, (rolling 12-month average) the average

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Australian Unity Group revenue up in challenging environment

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Financial services, healthcare and retirement living company Australian Unity Limited (Australian Unity) has reported revenues of $1.12 billion for the year ending 30 June 2012, an increase of 10 percent over the previous year.  The Group’s operating earnings were $34.6 million, up eight percent, a result that included substantial costs associated with responding to the

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Wither the UK?

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The UK’s Standard Chartered bank is under investigation by four US federal bodies and faces up to a US$1 billion (A$1.05 billion) in fines for bypassing US money-laundering sanctions against Iran, including the US$340 million settlement already struck with New York regulators for the offence. The scandal emerged in August when the New York State

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Preference for bank deposits hits 38-year high

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The Westpac/Melbourne Institute index of consumer confidence rose by 1.6 per cent in September to a reading of 98.2. Sentiment levels are up 1.3 per cent on a year ago. The majority of Aussies believe that the wisest place for savings is in the bank (39.0 per cent of respondents) – the highest level in

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Oliver’s Insights: Shares climbing a wall of worry

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The attached ‘Oliver’s Insight’ looks at the continuing recovery in share markets, despite ongoing worries about the global growth outlook. The key points are as follows: Global growth is likely to be in the process of bottoming ahead of a pick up next year. The risk of a Euro-zone meltdown is receding, more monetary easing is also

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