DO NOT count on superannuation to provide the life of Riley when you retire. Despite the sharemarket recovery last year, the average balanced super fund has returned only 5.51 per cent a year in the past decade, or about 2.2 per cent above inflation. This is below their target of 3 to 3.5

By Shamim Adam The capacity and incentives to take risks have “clearly overwhelmed” any improvements in risk management, Jaime Caruana wrote in a paper he delivered to a gathering of central bankers in Sydney today. Financial companies alone can’t keep underlying risks in check

The capacity and incentives to take risks have “clearly overwhelmed” any improvements in risk management, Jaime Caruana wrote in a paper he delivered to a gathering of central bankers in Sydney today. Financial companies alone can’t keep underlying risks in check and will need help

The investment bank today said second-half earnings could be up as much as 10 per cent over the first half as economic conditions around the world continue to trend back to normal. Macquarie maintained its trademark caution, saying it expects profit for the six months to end-March to be broadly