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Technical Services Forum tackles super challenges

ALEX BURKE  |  FRIDAY, 15 SEP 2017
The September Challenger Financial Standard Technical Services Forum addressed two key concerns around superannuation reform: death benefits and the cost of aged care. Speaking on the former, Colonial First State senior technical manager Yvonne Chu ...

China slows to target

BENJAMIN ONG  |  FRIDAY, 15 SEP 2017
... environment, among others. To be sure, these weakening indicators raise concerns over how much slower the economy could get. Not much more, according to PM Li. At his press briefing on the 12 September, Li said China would maintain the growth rate it ...

ASIC toughens MDA suitability rules

KARREN VERGARA  |  THURSDAY, 14 SEP 2017
... statement of advice (SOA) as provided by the external adviser to determine if the MDA contract and investment program might not be suitable. In other words, it's similar to a negative assurance test, she said. Wivell Plater added if there is anything ...

EXCLUSIVE: BTFG and Morningstar announce adviser and research partnership

DARREN SNYDER  |  THURSDAY, 14 SEP 2017
Morningstar Australasia will deliver an integrated research and technology solution to support BT Financial Group's internal research team and financial adviser network. As part of the new arrangement, BTFG's internal research team will use the data ...

Contango appoints small cap portfolio manager

ALEX BURKE  |  THURSDAY, 14 SEP 2017
... possible to conclude...that if CGA were to continue to expend cash at the rate indicated by [the quarterly report], CGA may not have sufficient cash to continue funding its operations?" In response, CGA company secretary Hari Morfis said the negative ...

Alternative investment manager opens Sydney office

EMMA RAPAPORT  |  THURSDAY, 14 SEP 2017
... strategies available is becoming increasingly complex, and that's going to compound on itself," Phillippe Jordan said. "It's not possible to think of the world for human beings who think in a matrix of 10,000 securities by 10,000 securities, with seven ...

Investors happier with online broking: Investment Trends

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2017
... 4% to 6% over the 12 months to May 2017. "Brokers can't afford to rest on their laurels and must deliver a proposition that not only meets the needs of mum and dad investors, but also the more sophisticated, frequent trader," Guiamatsia said. "Mobile ...

Not happy enough

BENJAMIN ONG  |  THURSDAY, 14 SEP 2017
... of consumers prefer to "pay down debt". Should these conditions persist, nobody could kill Bill for concluding that: "We do not expect that economic conditions in Australia in 2018 will be consistent with the need for the Bank to raise rates." Consumer ...

Managed accounts add brilliant value for dealer group

KARREN VERGARA  |  WEDNESDAY, 13 SEP 2017
... they receive dividends, that provides six to 10 years of liquidity, because one core investment belief is ensuring clients not having to sell growth investments at a bad time, he added. The 'Enhanced' portion aims to gain slightly higher returns and ...

BEAR regime must extend entire industry: Medcraft

JAMIE WILLIAMSON  |  WEDNESDAY, 13 SEP 2017
... major problem and the Government's proposed executive accountability regime is a step in the right direction - though it may not go far enough, ASIC chairman Greg Medcraft said. Speaking at a Thomson Reuters Newsmaker event in Sydney yesterday, Medcraft ...