Latest Insights

Spare loved ones the anguish of doing it yourself

A BUNCH of letters are about to hit your doormat: the letters from your managed fund managers. They will tell you that you lost a bunch of money last year and for the next 12 months you will bore your dinner-party guests with stories of useless, BMW-driving fund managers and their fees. It will also prompt a lot of you to think about "taking control" through a self-managed super fund structure. Nothing quite like losing money in the short term to jolt you out of your inherent trust in the long term.
11yr ago

Sombre times for super. But where does default lie?

Next week we should finally know how much damage has been done to our super funds in the past year's financial turmoil. The average fund is predicted to have lost about 6 per cent of your nest egg, but returns will probably vary quite significantly around this figure.
11yr ago

New super rules a taxation puzzle

IF YOU are having trouble understanding all the new superannuation rules, you are not alone. The Tax Office is also having problems.
11yr ago

ASX raps Martyn Myer on disclosure

THE ASX has accused an investment company led by ANZ chairman Charles Goode, and whose directors include two members of Melbourne's powerful Myer clan, of a potential breach of listing rules. Martyn Myer, Its board includes Mr Goode, Mr Myer, Rupert Myer and Graeme Moir.
11yr ago

Letters

Grow up, sceptics, see bigger picture
11yr ago

ACCC gives thumbs up to merger proposal

THE success of Westpac's $15 billion bid for St George rests largely with the latter's shareholders after the competition regulator yesterday gave preliminary permission for the two banks to proceed with a merger.
11yr ago

Activists' super weapon

Where is your money being invested? The Wilderness Society plan has a variety of high-emitting industries in its sights.
11yr ago

Letters

NICK Low and Bill Russell remind us that "Melburnians want a better rail system" (Comment & Debate, 22/7) and Paul Kehoe (Letters, 22/7), repeating the myth that services used to be "better" in the past, joins the many who ask why trains are not more frequent.
11yr ago

Wealth For Toil

Australians of "high net-worth" grew in 2007, but the wealth remains concentrated among just 1% of the population.
11yr ago

The bad news bears

Australia won't avoid the effects of the global subprime crisis but our fundamentals remain sound.
11yr ago

The flight to safety

Investors fleeing the sharemarket in search of security can easily earn 8 per cent a year and sleep well at night. John Kavanagh looks at what you can get if you shop around.
11yr ago

Paperwork dull but crucial

Outsourcing of super by employers is a regular occurrence. You start off as a member in one fund and find you are transferred to another when the employer no longer wants to spend time and resources administering super.
11yr ago

Hot Stock

What's new? Classic economics, Adam Smith-style, says the price of any product is the combination of the cost of labour, the rent on the land to produce the product and a return on capital employed. Of the three, land is the lowest returning asset, although some wage-earners would dispute this.
11yr ago

Tax victory for Macquarie head

THE non-executive chairman of Macquarie Group, David Clarke, has won a legal battle over a hefty tax bill he incurred after he got the bank to bail out his favourite football code.
11yr ago

O'Hoy out as Foster's moves on

SIX weeks after handing in his resignation at troubled beer and wine giant Foster's Group, chief executive Trevor O'Hoy has been shown the door by chairman David Crawford. Mr Crawford has persuaded former Cadbury confectionery chief Ian Johnston, who only joined the Foster's board as a non-executive director in September, to come out of retirement and help run the group as acting chief executive.
11yr ago

Alumina on shelf - for how long?

ALCOA chairman Alain Belda is getting on in years. The 40-year company man has turned 65 and if his thoughts haven't turned to retirement, there are many others doing it for him.
11yr ago

Suburban golf club land suits developers to a tee

CARA Beed, like so many Melburnians, appreciates the open space and greenery a park, oval or golf course affords - so much so that she decided decided to buy a house near the Eastern Golf Club.
11yr ago

When will this end?

The Australian share market has recorded its ninth successive down week. The second half of the year is beginning in remarkably similar fashion to the first half. Three weeks into the calendar year the ASX200 had fallen by 22% from its most recent high six weeks earlier. Right now, the index has fallen by 19% from its most recent high two months ago.
11yr ago

No need for panic

Be alert but not alarmed. Now is not the time for unreasonable pessimism.
11yr ago

Big Brother denies staff rip-off plan

THE makers of reality-television series Big Brother have dismissed allegations they planned to cheat production staff out of their entitlements after the show was axed.
11yr ago

Octaviar boss says accept deal or he'll liquidate

THE chief executive of embattled property group Octaviar has thrown down the gauntlet to creditors owed more than $1 billion by threatening to place the crumbling empire in liquidation if they do not support a payout of 22.5? in the dollar.
11yr ago

B&B Power sells third station to ease debt

TROUBLED energy generator Babcock & Brown Power yesterday moved a step closer to lifting the cloud of short-term debt hanging over its operations by agreeing to sell its third power station in a fortnight.
11yr ago

Institutions sink Hegarty's payout

INSTITUTIONAL shareholders have blocked a planned $10.66million "early termination" payment to Oxiana's founding managing director Owen Hegarty, the man credited with turning it from a penny dreadful in 1994 into Australia's third-biggest diversified resources group.
11yr ago

GPT's hotels portfolio on the block

GPT has moved to shore up its balance sheet with the sale of its hotels division, worth about $900 million, but analysts said this could be a tough ask, given the weak state of the local tourism market, as well as difficulties in borrowing amid the credit crisis.
11yr ago

Policy change hits health-care cards

THE negative impact of a policy change in this year's federal budget keeps broadening. From July 1 next year, tax-exempt superannuation pensions will be counted not only for the super co-contribution and Centrelink benefits, but when assessing a person's entitlement to health-care cards.
11yr ago

Super survey surprise

MOST Australians do not understand that the decline of sharemarkets could reduce their superannuation account balance, according to a new survey. A survey of 1000 people by investment firm Mercer found 72% expected their super balance to be higher on their next statement despite deepening market turmoil and fears of a banking crisis.
11yr ago

Dignity, loyalty and drama

Lindsay Thompson was a dedicated family man and a much-admired politician. His life was also prone to extraordinary outbreaks of drama, writes Victoria Peel.
11yr ago

CMC Markets Weekly Report

The Australian Stock Market suffered another losing week, with the S&P/ASX 200 giving up 139.5 points to close the week at 4840.4. The market has now ended in the red for nine consecutive weeks. The Dow Jones Index rose more than 200 points on Thursday night despite the fact that Merrills, Microsoft and Google all released forecasts that fell short of analyst's targets. Citigroup reported a smaller than expected second-quarter loss on Friday, helping the Dow Jones to rise nearly 50 points. Softer Commodity Prices helped push Rio and BHP lower as Oil and Gold both retreated from their highs.

11yr ago

Superannuation returns in perspective

Jitters about the effects of market movements on superannuation are only natural, but should you really be worried? Recent headlines like “Super fund returns worst for 20 years”1 highlight the effects market movements have on short-term super performance.
11yr ago

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