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Successful advisers integrate estate planning

KARREN VERGARA  |  FRIDAY, 22 SEP 2017
... Hacker said. Another challenge for advisers are the technicalities of estate planning - what might be right for one client is not necessarily correct for another, Hacker said. With the Labor Party recently proposing it is cracking down discretionary ...

CBA climate risk court case abandoned

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
... refusal to rule out participating in funding for the Adani Carmichael coal mine. The claim made to the courts alleged that by not disclosing the risks climate change poses, the bank failed to provide shareholders with a true and fair view of its financial ...

Hastings names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
... acquire Hastings but confirmed on 17 August that discussions had ceased. When contacted a spokesperson for Hastings could not provide any update as to the ongoing sales process.

The BOJ's educated hope

BENJAMIN ONG  |  FRIDAY, 22 SEP 2017
... while at the same time slashing FY18/19 and FY19/20 predictions to 1.5% (from 1.7%) and 1.8% (from 1.9%), respectively. Yep, not until FY19/20, assuming that the BOJ's lowered forecasts turned out right. Predictions that based on the Japanese central ...

European $1bn asset manager enters Australia

ALEX BURKE  |  THURSDAY, 21 SEP 2017
A European manager with more than $1 billion in assets has received a mandate to invest in the Australian market. Avignon Capital's key markets are property in the UK, Germany, the Netherlands and Spain; assets include retail real estate, hotels, offices ...

ASX healthcare firm denies disclosure breach

ALEX BURKE  |  THURSDAY, 21 SEP 2017
... alleged this revision should have been provided earlier, on November 21. Sirtex denied it breached disclosure obligations by not disclosing this information earlier, but said it would comply with the infringement notice and pay a $100,000 penalty "given ...

Hiking life premiums is short-term thinking: ANZ Wealth

KARREN VERGARA  |  THURSDAY, 21 SEP 2017
Life insurers need "common sense" when designing more affordable products that are sustainable for consumers and will create sustainable businesses for financial advisers, according to a new ANZ whitepaper. ANZ Wealth's Life insurance: The case for ...

Lazy LIF planning means advice businesses at risk

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
With four months to go the majority of risk advisers are still not prepared for impending changes to remuneration to be brought by the Life Insurance Framework taking effect in January 2018. A study of 200 risk advisers commissioned by Zurich found ...

Multi-asset strategy enters Aussie retail market

DARREN SNYDER  |  THURSDAY, 21 SEP 2017
... all asset classes the fund is constantly making macro decisions. Fulcrum's view is that several global equity markets are not expensive, especially if you look at valuation relative to their respective history. Stevens said greater opportunities sit ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... CBA will continue to earn income on the distribution of life and health insurance products. The sale and partnership does not encompass general insurance, meaning the CommInsure brand will be retained by CBA. Commenting on the transaction, CBA chief ...