Daily Dispatches: ANZ rules out AXA bid
ANZ has ruled out making an offer for AXA Asia Pacific as National Australia Bank is believed to have begun sounding out the corporate regulator to try to rescue its blocked $13bn bid for the wealth management group. (Sydney Morning Herald)
The superannuation industry will be surprised and pleased by the decision to lift the super guarantee to 12 per cent -- although disappointed at how long it will take. The change will start very gradually with initial rises of only one-quarter of a percentage point from July 1, 2013, and will not be fully implemented for another decade. (The Australian)
The number of financial planning job roles continues to grow across states, with most roles being offered by the banks and larger institutions. (Money Management)
