Leisure spending is top financial priority for festive Aussies

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Australians are prioritising spending on holidays and leisure over other longer term financial goals according to a nationwide poll from TAL.  The research has found that the festive spirit of Australians was not dampened by any predictions of economic uncertainty in 2013, with almost three quarters of Australians (74%) rating spending on leisure as their […]

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Aussie, Aussie Ostrich! We have a head in the sand mentality

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RaboDirect, one of the leading online savings and investment bank, is calling on Australians to take stock of their finances and put a plan in place after a recent survey found that 60% of those uncomfortable with their finances find financial planning daunting and are least likely to try to stay informed about money matters […]

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Investors who chase fund performance destined to be disappointed

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Many investors who invest in a managed fund that has been performing strongly are destined to be disappointed by its subsequent performance, an analysis by van Eyk Research shows.  van Eyk Head of Asset Consulting Jonathan Ramsay said an analysis of top performing managers showed that fund outperformance very rarely lasted for more than a […]

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Australians sacrifice work-life balance to live a better lifestyle

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Australians are working harder than ever before in order to secure a comfortable standard of living but they are sacrificing work-life balance according to a recent survey commissioned by consumer awareness campaign Lifewise.  Lifewise’s recent survey of 1,207 Australians has revealed Australians overwhelmingly value a work-life balance with 76% of respondents recognising it as important […]

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Qantas Super first to adopt agency FX model

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Qantas Superannuation Ltd (Qantas Super), the Trustee of the A$6bn Qantas Superannuation Plan, has appointed Russell Implementation Services Inc. (RIS), a part of Russell Investments, to provide agency foreign exchange (FX) services. This initiative will provide Qantas Super with complete transparency around its FX trading costs and could deliver cost savings to its members in […]

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Aussie dividends ETF catches eye of international investors

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Russell urges investors to consider cash alternatives with new ETF Global investment services firm Russell Investments is encouraging investors to think outside term deposits and cash and look for income alternatives such as high dividend paying shares which can boost returns, provide capital growth and be more tax effective. Russell’s High Dividend Australian Shares ETF […]

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ASIC obtains orders to wind up York Capital Limited

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ASIC has obtained orders in the Federal Court of Australia to wind up York Capital Limited (York) following the company’s failure to lodge its financial reports and hold annual general meetings for the past three years. On 29 June 2011, the Federal Court of Australia ordered that York be wound up and appointed Mr Paul […]

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BT Wrap launches market leading tax and trading tools

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BT Wrap launches market leading tax and trading tools The changes include powerful new tax tools that could mean a better after-tax investment return for clients on particular transactions and new trading enhancements that reduce the time spent on portfolio management, client reviews and rebalances. Head of BT Wrap, Chris Freeman, said the changes were […]

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Deferred date for new tax treatments for managed investment trusts

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Last year, the government announced a new tax system for managed investment trusts (MITs) that will reduce complexity, increase certainty and minimise compliance costs for MITs and their investors.  In April, a further announcement was made to defer the start date of the new laws from 1 July 2011 to 1 July 2012.  The government […]

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