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Today’s Product News

OneTrade Stockbroking offer cheap online brokerage rate in Australia
OneTrade Stockbroking, founded in 2004 by Michael Giles at the age of 20, is ...
ComOps announces half year result
Sydney based ASX listed IT company ComOps announced a stellar half year result, ...
Speech of Minister for Economic Development on NZ venture capital industry
In his recent speech at Bowmans Restaurant, Mt Eden, Auckland, Trevor Mallard, ...
Fixing or splitting loan act as vaccine for future rise in interest rate
CANNEX released its business banking star ratings report. Small business borrowers ...
Datamonitor report that rising prices does not discourage Australian first home buyers
A report by independent market analyst Datamonitor shows that lending commitments ...
Macquarie Pastoral Group acquires The Bulls Run
Macquarie Pastoral Group has acquired its second property, with the purchase ...
Virgin Money launches Everlasting Love Home Loan
Virgin Money’s new Everlasting Love Home Loan will help Australians through ...
RP Data-Rismark Hedonic index shows a strong rebound in Australian residential property market
In spite of the gloomy forecasts of some commentators, the RP Data-Rismark ...
AUSTRAC releases draft rules on threshold transactions and revised draft on ongoing customer due diligence
The Australian Transaction Reports and Analysis Centre (AUSTRAC) released draft ...
CANNEX releases package banking star ratings report
CANNEX releases first package banking star ratings report. Financial services ...
Rating on MARAC Finance unchanged following fiscal 2007 results
Standard & Poor's Ratings Services said that its BBB-/Stable/A-3 counterparty ...
HIA reports low housing affordability in residential sector for July
Building approvals went nowhere at the start of the new financial year. Figures ...
BNY Mellon Asset Management receives approval to provide sub-advisory services to Chinese investors
BNY Mellon Asset management, the asset management arm of The Bank of New York ...
BUSS(Q) reports strong growth in Super and Allocated Pension Fund
Building industry superannuation fund BUSS(Q) has achieved an 18.9% return ...
PIMCO reports return of its former Managing Director and Senior Portfolio Manager
PIMCO has reported that its former Managing Director and Senior Portfolio Manager, ...
FPA launches online training courses in Anti-Money Laundering and Counter Terrorism Financing
Financial Planning Association (FPA) has launched online training courses in ...
FPA 2007 National Conference receives huge response from financial planning practitioners
Financial Planning Association (FPA) announced that almost three-quarters of ...
Australian designs and fashion set to make strides in London
Australian designs and fashion have emerged to become highly desired in the ...
Professor Michael Sherris receives Actuary of the Year 2007 award
The Institute of Actuaries of Australia presented Actuary of the Year 2007 ...
Mercer reports shift in business focus to building talent internally rather than buying it
Mercer’s 2007 Market Issues Survey over 300 organisations revealed that attraction ...
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Latest Industry News

Global investors follows cyclical stance: Merrill Lynch (24-Aug-2007)
Greater confidence in the strength of global growth and an improving appetite for risk has prompted a more pro-cyclical stance on the part of institutional investors, according to Merrill Lynch’s Survey of Fund Managers for July....

KPMG comments on ATOs 2007-08 Compliance Program (23-Aug-2007)
Following the release of 2007-08 Compliance Program by the Australian Taxation Office (ATO) on 16 August 2007, KPMG has commented that ATO is taking initiatives to prevent tax erosion due to corporate restructure and global transactions....

New Super rules benefits old workers (23-Aug-2007)
Older workers keen to work less while earning a similar salary will increasingly be approaching employers with proposals for flexible work, according to Right Management. During a breakfast, entitled -Managing Boomers in the new Superannuation Environment, the company also emphasised that employers need to take a proactive approach to accommodating older workers if they are serious about retaining them....

Datamonitor forecasts increased credit refusal cases in UK (23-Aug-2007)
After a number of years in decline, the non-standard population reached a turning point in 2006. Two new reports from independent market analyst Datamonitor reveal that households are having more difficulty coping with their financial commitments, and forecast that the number of people in the UK that are systematically denied credit by mainstream lenders will increase from 7.0m in 2006 to 8.6m by 2011. In 2006 saw an increase in the non-standard population for the first time in many years, as the financial difficulties UK consumers are experiencing are gradually feeding through....

Perennial release paper on global financial markets (23-Aug-2007)
Perennial Investment Partners (Perennial), an Australian Boutique Investment Firm, has released a paper titled - Riding the 2007 Investment Rollercoaster – An Investor Update. The paper was aimed to help the clients of Financial Planners understand what is happening in global financial markets....

Aberdeen advices investors to be China cautious (23-Aug-2007)
While the Chinese stock market has surged 135% in the past year, Aberdeen Asset Management (Aberdeen) advices investors to avoid being seduced by the hype and instead invest in companies which are consistently growing their earnings....

Australian Mortgage Index grows positively: AFG (21-Aug-2007)
Australia has ended the first six months of 2007 with a positive coast-to-coast outlook for property markets, according to recent figures out from Australian Finance Group (AFG). AFG Mortgage Index shows that the average Australian mortgage size – a reflection of property prices and confidence – increased 5.6% from $300k in December 2006 to $317 in June 2007....

FPA welcomes parliamentary committee’s Superannuation recommendations (21-Aug-2007)
The Financial Planning Association (FPA) has welcomed the recommendations of a federal parliamentary inquiry into superannuation. The Parliamentary Joint Committee on Corporations and Financial Services tabled its report, -The structure and operation of the superannuation industry....

Fiducian welcomes amendments related Small Investment Advice (21-Aug-2007)
Fiducian Portfolio Services Limited has welcomed two new modifications to the Corporations Act have been initiated and will change the way Advisers can do business. The first change is a welcome exclusion for providing a Statement of Advice (SOA) document for advice relating to smaller investments. The other welcome change allows strategic advice to be provided without the requirement to produce a SOA. These changes have come about due to the work of industry and government and have culminated in The Simpler Regulatory System Bill, which received Royal Assent on the 28th of June 2007....

Higher Mortgage rates triggers mortgage stress rate: HIA (21-Aug-2007)
Higher home mortgage rates have sent the number of households in mortgage stress soaring since the Census was taken in August last year, according to the Housing Industry Association (HIA)....

Instable political environment constrains Pacific countries growth: S&P (21-Aug-2007)
An improvement in the political and policy environments in emerging Pacific sovereigns is a precondition for better and sustainable credit quality, according to a report published by Standard & Poor’s Ratings Services entitled -The Emerging Pacific's Predicament: Maintaining Stable And Effective Government....

HIA asks Government to setup Residential Infrastructure Fund (17-Jul-2007)
The Housing Industry Association (HIA) has launched a plan that would see 40,000 affordable homes built over the next four years. According to HIA, the plan calls on the Federal Government to set up a $3bn Residential Infrastructure Fund. This fund would assist state and local governments meet the cost of building and upgrading essential community infrastructure in regional and urban centres....

Secure Sentinel warns people against identity fraud (26-Jun-2007)
If you throw your old bank statements, credit card bills, mobile phone bills or other personal details in the garbage bin, you could be at risk of identity fraud. This problem of identity fraud in Australia is not as big here as Europe, UK and the US, but authorities in Australia and New Zealand are starting to take the issue more seriously....

StateStreet Investor Confidence Index falls to 91.2 in May (26-Jun-2007)
State Street Global Markets, the investment research and trading arm of State Street Corporation has released the results of the State Street Investor Confidence Index for May 2007....

Super debt and write-offs figures increases: Nick Sherry (26-Jun-2007)
The recent Superannuation debt figures owed by employers to employees and written off monies owed to employees is increasing according to figures obtained by Labour at Senate Economic Estimates Hearings....

Austrade organises -The Women in Export Trade Day (26-Jun-2007)
An increasing number of businesses led by women are finding overseas success and women exporters looking to create similar markets for their own products had an unique opportunity to network and learn about practical strategies during a one-day event organised by Austrade....

Deloitte survey highlights importance of non-financial information (26-Jun-2007)
A global survey of directors and senior executives, backed up by an Australian poll of many Chief Financial Officers (CFOs), has again highlighted the growing importance of quality non-financial information, such as operational performance and customer satisfaction in predicting the overall health of organisations....

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