- Solvency strife for one sixth of super funds
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03 July 2009 6:42amSolvency strife is rife, or was rife, in the superannuation fund sector, APRA said in the June 2009 edition of Insight. » read more »
- Industry funds overtake retail on funds inflow
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03 July 2009 6:41amIndustry funds increased 14 per cent to an average of $198 billion in the year to June 2008, some somewhat dated data on the superannuation sector published by APRA in its Insight publication shows. » read more »
- DIY super skips along
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03 July 2009 6:41amSelf-managed funds grew in number and asset value over the year to June 2008, a testament to the determination of the do-it-yourself set. » read more »
- Correction: Illawarra merger one of mutuals
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03 July 2009 6:40amA hasty assumption in yesterday's edition means the report on the merger of Community Alliance Credit Union into IMB was wrong. » read more »
- Profit lower in CUBS sector
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03 July 2009 6:39amKMPG yesterday collated some data on the financial performance of credit unions and building societies, a neglected topic even though the sector, like all ADIs, is now reporting some loan and credit quality data quarterly. » read more »
- CBA tracking well on customer relations
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03 July 2009 6:37amCommonwealth Bank may be making progress in its quest to improve customer views of service quality. » read more »
- The weekly wrap: banks ahead amid end-year antics
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03 July 2009 6:37amThe Australian market may have seen a surge of window dressing on June 30 and a complete reversal of that trade on July 1, but the net result this week has been an index going nowhere much. The ASX 200 finished the week down 0.4 per cent, while the four major banks outperformed with a 0.5 per cent rise. » read more »
- Weekly wrap 2: no joy in declining bank assets
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03 July 2009 6:37amWith little in the way of individual banking news this week, attention fell on the monthly lending statistics from the Australian Prudential Regulation Authority. The Sheet has extensively covered the statistics themselves, with the net result being yet another contraction in lending growth, and a flat result for deposit growth given very low rates. The latter is not helpful for bank balance sheets and tier one capital, but earnings growth potential is not much boosted anyway if banks have more money to lend but less demand for loans. » read more »
- The weekly wrap 3: welcoming the Suncorp Snowball
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03 July 2009 6:34amWe all had a good snigger this week when Patrick Snowball was announced as the new CEO of Suncorp Metway. Once the jokes had done the rounds, brokers settled in to praise the appointment of a man with a strong insurance background. » read more »
- Insurance veteran hired to head Suncorp
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02 July 2009 6:39amSuncorp selected a veteran of Britain's insurance industry, and also of Britain's army, to run the Brisbane-based insurance and banking group. » read more »
- OAMPS and Centrepoint Alliance separate
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02 July 2009 6:39am
