Article Abstract:
FirstChoice was designed as a low-cost investment platform for investors with fairly modest amounts of capital and because of its success many wealth management groups have launched similar offerings. It is believed that first choice complete a switch from one fund to another in one business day while in some cases a switch takes two weeks.
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Article Abstract:
The proportion of adult Australians with term life insurance policies have fallen from 23% to 19% between June 2001 and June 2003. The risk insurance side of the life business is overshadowed by the growth of superannuation and pursuit of market share in the wealth-management market.
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Article Abstract:
Australian stock markets are rising because of robust economic growth, low inflation and good earnings reported by corporate sector in the country. The trend is likely to continue for a while.
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