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Robo-advice a complement, not disruptor: Six Park

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... the Royal Commission. However, he said, these concerns are unfounded and ASIC is supportive of digital advice models. "Anything that helps professionals better manage clients is going to benefit both the client and the planner from an efficiency and ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... an innovative business model to capture. "Nobody likes paying legal fees or their accountant fees or tax agent fees or anything, but they do," Jones said. During Jones' speech, he said that Labor wants to see a financial advice sector that caters ...

Pandemic proves value of advice: FPA

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... adviser did not access their superannuation early while half of advised Australians believe they would not have done anything differently financially. As a result, 13% are now considering financial advice to strengthen their financial position coming ...

Chief economist update: Pandemic, what pandemic?

BENJAMIN ONG  |  THURSDAY, 1 OCT 2020
... maintained its assumption that iron ore prices will drop to US$55.0 per tonne by the end of the December quarter 2020. Anything could happen between now and the end of the year but given China's strengthening economy, chances are iron ore prices ...

Chief economist update: UK's winter of discontent

BENJAMIN ONG  |  FRIDAY, 25 SEP 2020
... shop workers and waiters, and fines for beaches doubled to £200 for a first offense and up £10,000 for businesses. If anything proves the saying, haste makes waste, this is it. The gains made in containing COVID-19 infections are wasted. Not only that ...

The future of infrastructure is digital: Macquarie

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
... are not seeing that general correlation with GDP; people aren't watching Netflix less because of the pandemic. If anything, data volumes are accelerating." Kuchel said MIR has been seeing consistent growth in internet traffic in the US, for example ...

Real opportunity for super funds in private assets: Schroders

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
... worthiness to make sure there will be a return of the principle and interest. "The security is there as a backstop in case anything goes wrong but you've always got to think about the downside," Smith said. In addition, Smith said, it's important ...

Former analyst gets three year sentence

KANIKA SOOD  |  MONDAY, 14 SEP 2020
... unusual financing arrangement with FC Capital; many businesses featured in videos on its website had never actually paid anything to the company; and the then chair Richard Evertz was convicted of impersonating a police officer in 1994. By February 2018 ...

Chief economist update: ECB keeps it steady

BENJAMIN ONG  |  FRIDAY, 11 SEP 2020
They came, they deliberated, they...well...didn't do anything. At its September 10 meeting, the European Central Bank's (ECB) governing council decided to keep interest rates unchanged - repo rate at 0.00%; marginal lending facility rate at ...

Another AMP worker recounts campaign of harassment

ELIZABETH MCARTHUR  |  WEDNESDAY, 26 AUG 2020
... friend and colleague of the whistleblower who was aware of the matter was told they would be terminated if they said anything about the harassment. "The man on the leadership team who was well known for his uninvited caressing of younger female employees ...