Joy Palmer, the chair of
Statewide super fund, and former trustee of the then-PSS/CSS Commonwealth
scheme, died last month after a battle with cancer.
As share markets shrink, new ideas grow
There are always a few types of business which can profit from a financial crisis, and it’s been interesting to watch those who hope to be among them subtly play their angles.
As share markets shrink, new ideas grow
There are always a few types of business which can profit from a financial crisis, and it’s been interesting to watch those who hope to be among them subtly play their angles.
The shorting ban didn’t work and the reforms
It was expected that financial stocks would rally on the first day of the short-selling ban in Australia, back on September 21. The ASX200 financials index (XFJ) gained 5 per cent that day, as shares in ANZ increased by 8.1 per cent, Commonwealth Bank of Australia by 4.4 per cent, Westpac by 4.9 per cent and NAB by 5.65 per cent.
The shorting ban didn’t work and the reforms
It was expected that financial stocks would rally on the first day of the short-selling ban in Australia, back on September 21. The ASX200 financials index (XFJ) gained 5 per cent that day, as shares in ANZ increased by 8.1 per cent, Commonwealth Bank of Australia by 4.4 per cent, Westpac by 4.9 per cent and NAB by 5.65 per cent.
Accounting distorts asset values in volatile markets
KPMG last month told superannuation funds that they should re-assess caps for their deferred tax assets, as the market slump and ongoing volatility had increased the risk that unit prices may overvalue those assets.
SMAs battle platforms for right to squeeze manager margins
Funds managers willing platforms to die should be careful what they wish for – Praemium boss Arthur Naoumidis thinks his new breed of self-managed account (SMA), a SMART Fund, will translate from its UK origins and be embraced by Australian financial planners, halving the fees that managers receive from old-fashioned physical mandates in the process.
SMAs battle platforms for right to squeeze manager margins
Funds managers willing platforms to die should be careful what they wish for – Praemium boss Arthur Naoumidis thinks his new breed of self-managed account (SMA), a SMART Fund, will translate from its UK origins and be embraced by Australian financial planners, halving the fees that managers receive from old-fashioned physical mandates in the process.
Banking services to be a no-brainer for super funds: Vision
Offering banking services to pensioners is imperative for super funds with an older demographic, according to Vision Super fund development manager David Moxon.
Banking services to be a no-brainer for super funds: Vision
Offering banking services to pensioners is imperative for super funds with an older demographic, according to Vision Super fund development manager David Moxon.
Marinchek leaves Mariner in search of insto backer for retirement funds
Scott Marinchek, the founder of Mariner Financial Third Age Retirement Living, aims to secure a business partner to distribute a range of funds targeting the retirement living and aged care sectors in the first quarter of 2009.
