Mining papers over cracks in competitiveness
The IMD World Competitiveness Yearbook recently reported that Australia had dropped six places to fifteenth in its rankings The survey rates countries on their ability to manage economic resources to lift prosperity. Outside of mining, many sectors of the economy continue to struggle
June 12, 2012
Government is just trying to keep up: Ripoll
The former chair of the Parliamentary Joint Committee (PJC) on Corporations and Financial Services Bernie Ripoll has revealed how his view of the financial services sector was altered by the public hearings that his committee undertook nationally. We are just trying to keep up.”
June 07, 2012
New world order: targeting a defined outcome
The latest concern of many planners, fuelled largely by politicians, is whether people saving for retirement have too much exposure to equities and not enough to bonds. So, if a person is 20 years from retiring and another 20 years from dying, should that person have a big exposure to equities
June 07, 2012
Asian growth engine
Investors have heard a lot about the slowdown in developed markets, how emerging markets are looking more promising in terms of economic growth and that Asian markets have some of the best growth potential Growth engines
June 05, 2012
June 2012: Digital Content
Please click on the links below to access articles from Ray Henderson, Alan Shields, Robert MC Brown and Matt Linnert, along with a case study to from Kelvin Boyd's article on foreign super funds.
June 01, 2012
Taskforce to keep FoFA in white knight’s sights
Financial advisers who hope a change of government will see the pending Future of Financial Advice (FoFA) reforms watered down may have an unlikely ally. While Senator Mathias Cormann has repeatedly presented himself as a white knight prepared to battle the government’s compliance dragon, his Liberal Party colleague Senator Arthur Sinodinos will soon champion the deregulation cause.
May 29, 2012
Argentina and Athens close in crises
A deep and ongoing economic recession, a 25-per-cent unemployment rate, political and social instability, sovereign debt default and a run on banks as depositors lose faith in the stability of the financial system.
May 29, 2012
FoFA a game changer for portfolio construction
Financial reform is forcing a rethink on portfolio construction with investment philosophy firmly in the spotlight. In the first of PPO’s Education Series interviews we asked Graham Rich to outline what affect Future of Financial Advice (FoFA) legislation will have on portfolio construction.
May 29, 2012
AFS CEO Peter Daly goes but business as usual
The board of Australian Financial Services (AFS) Group felt departing chief executive Peter Daly did not have the skills to take the dealer group any further and decided new blood was required. Earlier the AFS board had issued a statement thanking and acknowledging Daly’s contribution to the dealer group and wishing him every success in his future endeavours.
May 24, 2012
AFA compels advisers to guide “lucky country”
Financial advisers should not shirk their responsibility to restore consumer confidence in the face of market fluctuations and doomsday headlines. Klipin sites research from the AMP Klipin tasked financial advisers with communicating the good news to consumers.
May 24, 2012
AMP awaits endgame on FoFA as clock ticks
The financial planning industry continues to battle a ‘reasonable degree of uncertainty’ as it awaits the final details of Future of Financial Advice (FoFA) reform. The complete legislation will only emerge once it passes through the Senate later this month and the regulator underpins the reforms with guidance to the industry.
May 22, 2012
Trio report ignores threat to investors
The Parliamentary Joint Committee report on Trio Capital and subsequent public analysis of the findings has failed to answer two important investor protection questions. While Harvey Kalman, Equity Trustees’ head of corporate fiduciary and financial service, believes the report into Trio’s collapse shares the blame around evenly, he is concerned that little is said about how to improve investor protection.
May 22, 2012
