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28 August 2008
12:50pm Credit Suisse nabs AMF stake
Credit Suisse Group has acquired an 80 per cent stake of National Bank of Canada-owned Asset Management Finance Corp.
12:50pm IOOF profits down
IOOF has reported $26 million in net profit after tax, more than 10 per cent lower than its previous corresponding period.
12:45pm Serious about planning: Health Super
The financial planning arm of the $7.6 billion industry fund Health Super, Health Super Financial Planning (HSFP), is rolling out six new services as clients voice their need for more sophisticated advice.
12:45pm AMP's profits down 2pc
AMP Limited has posted a two per cent fall in its underlying profit to $437 million after weathering challenging investment market conditions, but its financial services division survived the storm to report a three per cent increase in operating earnings.
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Tax tips to ease the squeeze. It's that time of year again. Although it can be painful to think about your finances, the end of the financial year is a good time to review the state of play. It is also a good time to look forward and to initiate your savings strategies for the new financial year.

According Tony Beck, Head of Corporate Responsibility at Members Equity Bank, the end of the financial year and the new tax year present opportunities for Australian Families to play catch up with the finances and possibly, get off the debt treadmill.

"With the proposed tax cuts announced in the recent Federal Budget, it would be an idea to consider paying a little bit extra into your mortgage or a fee-free Online Savings account such as provided by Members Equity Bank. The ME Online Savings Account is currently delivering 7.5% returns with no fees, every cent you deposit goes into the account, " he said. "There are a number of deductions that the Australian Taxation Office allows that will boost family finances if you pay attention to the detail." >> more

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