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Consumers trust Google over advisers: NobleOak

ALLY SELBY  |  TUESDAY, 25 FEB 2020
New research by independent life insurer NobleOak has found close to half of all consumers are turning to the internet over advisers for guidance on their financial goals and needs. It points to the digital revolution and fallout from the Royal Commission ...

SG increase will hurt women: NFAW

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
The National Foundation for Australian Women (NFAW) said increasing the super guarantee will hurt women and the age pension should remain a strong element of the retirement income system. In its submission to the Treasury the NFAW said the superannuation ...

More US giants added to Chi-X TraCRs

HARRISON WORLEY  |  FRIDAY, 21 FEB 2020
... We've got high margins charged by the ASX so there's the ability to come back and pare that back further." Click here to read more.

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
The Australian Bureau of Statistics' (ABS) reported that the economy added 13,500 jobs in January - more than market expectations for an increase of 10,000 - with the creation of 46,200 full-time positions more than offsetting the termination of ...

New private credit fund to launch

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
A new investment fund, seeking to be the most diversified private credit fund in Australia, is set to be launched by a former UBS executive. Debt solutions provider iPartners said it is launching the iPartners Investment Fund in response to "strong ...

Long-time IOOF director steps down

HARRISON WORLEY  |  WEDNESDAY, 19 FEB 2020
... mergers and acquisitions, as well as driving ongoing enhancements to governance structures and approaches," an IOOF statement read. "Jane retires from the IOOF board with the best wishes of the IOOF group staff and directors. "The board would like to ...

What SMSFs will look like in 2030

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... for ASIC too. "My problem with ASIC is that they've never addressed the issue that old people are vulnerable and old people read the Sunday newspaper and see ads that promise 10% returns and believe it," Blomfield said. "I don't understand why ASIC isn't ...

Fund managers driven to alternatives: Report

ELIZA BAVIN  |  TUESDAY, 18 FEB 2020
Fund managers are being pushed into allocating more of their portfolios towards alternatives, as traditional investments continue to provide low returns, according to a new Morningstar report. The Multi Sector Wrap report examines 78 multisector funds ...

Chief economist update: The virus, the trade deal and the AUD

BENJAMIN ONG  |  MONDAY, 17 FEB 2020
With a covid here, and a covid there, everywhere a covid, even old MacDonald (who had a farm) will get sick reading, hearing and listening to stories and warnings over escalating infection numbers... E-I-E-I-O. COVID-19 has captured the world's ...

FASEA extension passes

ELIZABETH MCARTHUR  |  THURSDAY, 13 FEB 2020
The bill to extend deadlines for the Financial Adviser Standards and Ethics Authority exam and education requirements has passed the House of Representatives. The Treasury Laws Amendment (2019 Measures No.3) Bill amends the Corporations Act so that ...