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Financial Services and Insurance news and insights for Australia’s small and medium business owners and entrepreneurs. Read the latest financial services and insurance news, trends and features and entrepreneur interviews about the financial services and insurance industry. Or search for financial services and insurance on SmartCompany. |
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News
ASIC to crack down on liquidators as insolvencies rise Patrick Stafford ASIC says it will keep an eye on liquidators in the wake of increased company collapses. | Wednesday, 23 May 2012 |
Court slaps pyramid scheme participants with $200,000 in penalties Cara Waters The Federal Court has fined three people a total of $200,000 for taking part in a pyramid selling scheme. | Tuesday, 22 May 2012 |
Former BDO partners chased for $1.1 million in bad debts Cara Waters Former partners in defunct accounting practice BDO Melbourne and Sydney are being pursued for more than $1 million in bad debts. | Monday, 21 May 2012 |
PwC bans staff meetings between 10am and 4pm: Five tips for running a good meeting Cara Waters A chief executive's ban on meetings has been backed by a business performance expert. | Thursday, 17 May 2012 |
Big four "couldn't give a toss" about small business: Small Business Minister Brendan O'Connor Oliver Milman The big four banks “couldn’t give a toss” about providing credit to new enterprises, federal Small Business Minister Brendan O’Connor has claimed. | Thursday, 17 May 2012 |
Private businesses predict profit increase of 18% next year: PwC Cara Waters Australia's private businesses are continuing to experience slow growth rates, with sales growing by just 6% and profits by 7% in the last 12 months, according to PwC's Business Barometer published today. | Monday, 14 May 2012 |
Proposed ASX rule changes for small companies come under fire Cara Waters Shareholder activists have criticised an ASX proposal to increase capital raising limits for small and mid-cap companies from 15% to 25%, saying it ignores small investors. | Monday, 14 May 2012 |
Why the big banks won't break their gambling addiction: Kohler Alan Kohler JP Morgan's $2 billion loss has led to calls in the US for tougher regulations on trading, but don't bet on change happening soon. | Sunday, 13 May 2012 |
CBA and NAB cut rates but withhold a large chunk of the Reserve Bank’s reduction Cara Waters Commonwealth Bank will lower its standard variable interest rate by 40 basis points. | Thursday, 3 May 2012 |
The “super-sized” rate cut is good news for business, but banks still hesitant Cara Waters The Reserve Bank of Australia’s decision to cut the official interest rate by 50 basis points yesterday has been hailed as “courageous” by economists. | Wednesday, 2 May 2012 |
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Trends
Google appoints new Motorola Mobility CEO after takeover deal closes Andrew Sadauskas Google has appointed a new CEO to Motorola Mobility after completing its takeover of the smartphone maker. | Thursday, 24 May 2012 |
Nokia rapidly burning through cash reserves as marketshare collapses Andrew Sadauskas Nokia, Microsoft, Windows Phone, Windows Phone 7, Google, Apple, Android, iOS, Credit Default Swaps, Standard & Poor's, Information Technology | Tuesday, 22 May 2012 |
Harvey Norman scoops Telstra, Optus and Vodafone to secure Sony Xperia Sola Andrew Sadauskas Harvey Norman has secured an exclusive Australian distribution agreement for the Sony Xperia Sola, scooping Telstra, Optus and Vodafone. | Monday, 21 May 2012 |
Features
Your sector-by-sector guide to 2012 Madeleine Heffernan The only certainty is uncertainty: chances are the Australian economy is headed for another topsy-turvy year. | Tuesday, 17 January 2012 |
All’s not well for online customers in health insurance sector James Thomson Health insurance is an industry that has become dominated by comparison websites. So you would expect the main players to be internet savvy. But they're not. | Tuesday, 23 August 2011 |
Insurers bank on better times Robert Bryant An accelerating economy will yield strong demand for general insurance and this will force insurers to lift prices as capacity is stretched. | Tuesday, 28 June 2011 |
How I diversified my business risk when a key staff member resigned Patrick Stafford APEX Insurance Brokers' Daniel Johnson reveals his uphill battle after a key staff member left the company. | Thursday, 2 June 2011 |
Insuring the future Robert Bryant, IBISWorld Price increases and investment returns will strengthen revenue for the insurance industry. | Tuesday, 30 November 2010 |
Five industries set to fly in 2010-2011 Robert Bryant, IBISWorld With the new financial year upon us, IBISWorld looks at the Australian industries set to fly in the next 12 months - and those set to fall. | Tuesday, 22 June 2010 |
Bring companies back from the dead Patrick Stafford By the time a financially distressed company requests assistance, many are too far along to help, warns Vantage Performance's Michael Fingland. | Thursday, 18 March 2010 |
How to get cash from banks Patrick Stafford Spotless financial records, low debtor levels and a clear, easy-to-understand business case are three critical requirements for SMEs that want funding. | Wednesday, 10 March 2010 |
Late payment Robert Bryant The finance and insurance sector is being hammered by the global financial crisis, but the sector's underlying growth prospects are good. | Tuesday, 7 April 2009 |
How to pick the best investment adviser Michael Laurence Storm Financial’s formula for investment success was fundamentally flawed, and should have sent warning signs to investors with even minimal investment skills. MICHAEL LAURENCE asks long-time investor specialists how to identify investment advisers that should be avoided | Monday, 16 February 2009 |
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Entrepreneur Zone
Clive Rabie Madeleine Heffernan Clive Rabie, the CEO of accounting software company Reckon, says 2012 has got off to a good start and SMEs are feeling more optimistic. BY MADELEINE HEFFERNAN. | Tuesday, 6 March 2012
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Adir Shiffman James Thomson Help Me Choose founder, Adir Shiffman, talks about building a business throughout the GFC, the pitfalls of fast growth and why he still keeps his hand in as a doctor. | Tuesday, 24 August 2010
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Mark Forsyth James Thomson Firstfolio is one of the fastest-growing players in the mortgage market. Chief exec Mark Forsyth talks about the trade off between short-term profit and long-term growth. | Tuesday, 20 April 2010
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Jo Burston Patrick Stafford While Jo Burston had an idea for a business which could provide services for payroll packaging and outsourcing she had no funding. | Thursday, 11 February 2010
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Michael Russell James Thomson Michael Russell is the chief executive of Mortgage Choice, Australia's largest independent mortgage broker. Russell was appointed in May, in the middle of an extremely difficult year for the company. He talks to SmartCompany about the pressure on commissions, the need for more competition in the banking sector and whether or not our kids will ever be able to afford their own homes. | Tuesday, 1 December 2009
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Sean Russo Patrick Stafford If you allowed your clients to decide how much to pay you, what sort of fee would you receive? | Thursday, 29 October 2009
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Ned Montarello James Thomson Despite the downturn, ThinkSmart, which specialises in providing finance products for the B2B sector, has had a solid year. | Wednesday, 21 October 2009
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Tim Johnston Amber Plum An unserviced niche in the accountancy industry saw BooksOnSite become one of the fifth largest bookkeeping businesses in the country. | Friday, 2 October 2009
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Keeping business cooking James Thomson SilverChef's Allan English has used the 'rent, try, buy' model to help hospitality businesses while helping his own. | Thursday, 21 May 2009
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Recruiter rides the outsourcing wave Amanda Gome Andrew Banks heads the winning HR firm Talent2, and has built a highly successful and lucrative career from making canny calls on recruitment trends. He tells AMANDA GOME about his strategies and predictions. | Tuesday, 14 October 2008 |
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