Small investors have been caught up in the collapse of the Victorian-based Banksia Securities financial group.
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Small investors have been caught up in the collapse of the Victorian-based Banksia Securities financial group.
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James Pearson says state spending is out of control and needs to be reined in.
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Secretary of State Hillary Clinton says the US is "deeply committed" to the security of Australia.
Gen-X too conservative in super: CFSGAM
Generation X is at risk of not saving enough for retirement as it shuns growth investments such as equities, says one of Australia's largest financial institutions.
Colonial First State Global Asset Management (CFSGAM) - a division of Commonwealth Bank of Australia - says investors aged 35 to 49 have a low allocation for equities inside their superannuation.
"This is a real surprise given they are in their peak accumulation phase," CFSGAM's investment markets research senior analyst Belinda Allen said in a statement.
Its latest equity preference index shows Gen-X investors are now showing similar behaviour to those aged above 59.
"Since the last index report in January 2012, we've seen a further decline ... placing this demographic at increased risk of not saving enough for retirement," Ms Allen said.
Tags:
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