Article Abstract:
Stock brokerage firms that conduct business on the Internet provide cheaper fees but not as much service as traditional firms. Online firms, however, offer special deals to attract customers, including free first trades. Large trading volume can produce substantial profits for the online firms. Commonwealth Bank sponsors an online brokerage and Australia's second largest online firm, E*Trade Australia, offers deals to attract new customers.
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Article Abstract:
The superannuation changes issued by Peter Costello, the Australian Treasurer, delivered a possible gain to some and a significant loss to others and created confusion for the industry's technical experts, who are working hard to clarify areas of uncertainty regarding changes to self-managed super funds (SMSFs). Those who could take advantage of the government's enhanced co-contribution scheme would be the big winners.
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Article Abstract:
A combination of removal of the governments surcharge, special co-contribution payments, new pre-retirement pensions, the choice of fund and cleverly tailored individual planners are responsible for the surge of money in to the superannuation. Andrew Bartlett, AXA's head of superannuation indicates that superannuation is going to have a highest growth rate in the year 2005.
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