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Assumptions regarding long‐term expected returns have significant implications for asset/liability management of financial institutions. This article questions the validity of common assumptions regarding long‐term expected returns that are employed by financial institutions, in particular insurance companies. Although this article directly addresses this issue in the context of the insurance industry, the discussion is relevant for all institutional investors in fixed income markets.

A manual current awareness service, based on abstracting and indexing journals, and serving ten groups of staff and research students at the University of Aston Library, is described. The service is evaluated in the light of client reaction and feedback obtained from the request service. The relation of the service to other library activities, and possible future developments are discussed. Two sample profiles are given in an appendix.

The purpose of this paper is to estimate the prevalence of staff bullying in Australian schools, to identify bullies and targets and to examine some implications for school leaders in dealing with staff bullying.

The quantitative research design survey instrument contained 11 demographic items, 44 questions of bullying experience, two lists of possible bullies and targets, plus three open‐ended questions.

Data revealed that 99.6 per cent of respondents had experienced some form of bullying during their employment. Half the respondents experienced 32 or more of the 44 listed survey items, while their health was adversely affected by persistent and frequent bullying.

The research revealed the existence of workplace bullying in Australian schools and some obvious implications for leadership. It profiled the experiences of respondents and identified strategies to eliminate or reduce bullying in Australian schools.

The exploratory study was the first national online survey into staff bullying in Australian schools.

Last year, for the first time ever, global spending on announced acquisitions broke the $1 trillion barrier. And the bottom isn't about to fall out of the M&A market—the experts we polled agree that this merger mania will continue for the foreseeable future.

The purpose of this paper is to outline the research work of managing returnable assets such as pallets by radio frequency identification (RFID) methods on a national scale.

The project is an extension of an earlier project which tracks pallets and cartons through a fast moving consumer goods (FMCG) supply chain. This extension project investigates how RFID information can be applied for integrating business processes. The project team developed a national business information network with electronic product code (EPC) compliance devices and systems. To implement an effective pallet management business process, the project team carried out detailed process modelling study of the effect of RFID processes and measured the improvement in performance and efficiency.

The key to success in the extension project is the adoption of EPC compliance technology that enables efficient communication of business data across platforms and companies. The project found that there is an average 18 per cent improvement in system efficiency should an EPC compliance technology be adopted for supporting paperless proof of delivery. There are also additional administrative and unquantifiable savings in support systems and services.

The research is related to the FMCG industry sector. The business processes in this sector can vary significantly. The project is conducted under a controlled business environment on the condition that the changes would not affect main business activities of the partners. The system efficiency improvement and savings estimated from the project findings should be taken as reference figures only.

The combination of process modelling approach and validation of system performance data by simulation in this paper provide a basis for generalisation of the methodology in similar national scale research studies. The estimated data could be used as reference for preliminary feasibility studies of similar EPC applications.

Knight's Industrial Law Reports goes into a new style and format as Managerial Law This issue of KILR is restyled Managerial Law and it now appears on a continuous updating basis rather than as a monthly routine affair.

VINE is produced at least four times a year with the object of providing up‐to‐date news of work being done in the automation of library housekeeping processes, principally in the UK. It is edited and substantially written by the Information Officer for Library Automation based in Southampton University Library and supported by a grant from the British Library Research and Development Department. Copyright for the articles rests with the British Library Board and opinions expressed in VINE do not necessarily reflect the views and policies of the British Library. The subscription for 1984 to VINE is: £23 for UK subscribers, £26 to overseas subscribers (including airmail delivery). Second and subsequent copies to the same address are charged at £14 for UK and £16 for overseas. VINE is available in either paper or microfiche copy and all back issues are available on microfiche.

This study aims to examine the role of Australian casinos in facilitating money laundering and Chinese capital flight.

The reports and transcripts of evidence from government inquiries into money laundering in Australian casinos are integrated with analyses of Asian transnational crime.

Money laundering in Australian casinos is linked to transnational crime and Chinese capital flight. A central finding is that junket operators play a key role in facilitating money laundering. The casinos are particularly exposed to criminal influences in the Chinese very important person gambling market, since they have used junket operators and underground banks, many of whom are closely linked to major Chinese criminal groups from Hong Kong and Macau.

Very little information is available on money laundering in Australian casinos and this research has relied on the government inquiries that have been conducted over the past two years on the subject.

The author’s focus on money laundering in Australian casinos in the context of Asia-Pacific transnational crime is important for Federal and state government regulators grappling with the rapidly changing money laundering issues. The government inquiries recognised that the money laundering was related to transnational crime, but did not have the time and resources to explore the topic. The paper provides state government casino regulators and financial crime regulators with a broader international perspective to anticipate future money laundering and crime pressures facing Australia’s casinos.

Money laundering in Australian casinos has had devastating social implications on the community. My research helps to focus attention on the problems of transnational crime and money laundering.

Little research has examined the linkages between casinos and transnational crime. This study has found that Australian casinos were used to launder the proceeds of illegal drug trafficking and to facilitate Chinese capital flight. While casinos have been forced by damming government inquiries to tighten anti-money laundering controls, it is likely that there will be pressure to relax these controls in the future because of competitive pressure from other casinos in the Asia-Pacific region.