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Labor unyielding on banking Royal Commission

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... Summit. Bowen made it clear the proposed banking Royal Commission - also known as the financial services Royal Commission - will not just scrutinise the banks. The Royal Commission would have the terms of reference to deal with the entirety of the financial ...

Insurtech is coming and could make insurance obsolete: PwC

EMMA RAPAPORT  |  WEDNESDAY, 26 JUL 2017
The sheer breadth of technological change in the insurance industry is "dazzling" and will make the industry unrecognisable in years to come, a PwC expert said. In a blog published yesterday, digital experience centre lead partner Nick Spooner highlighted ...

The challenges of modern estate planning

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... a person who was in a "close personal relationship" with the deceased at the time of their death: this can be two adults, not necessarily related, not married or in a de facto relationship, where both live together and one or each provides the other ...

Exposing the hidden risks of cash

ALEX BURKE  |  WEDNESDAY, 26 JUL 2017
... substantial amount of profit from real estate debt and 60% of Australian direct shares are in the big four banks. "That's not well-diversified," he said. Ultimately, though, he argued that "a mix of equities and some cash presents less income risk than ...

Inflation matters

BENJAMIN ONG  |  WEDNESDAY, 26 JUL 2017
... purchases drops at steepest pace since December 2013; Job security declines again in July, while pay growth remains only marginal. Not only that, "Consumer aversion to spending on big-ticket items (such as cars, holidays and large appliances), appears ...

Financial services not immune to public inquiry

KARREN VERGARA  |  TUESDAY, 25 JUL 2017
... While the financial services industry has taken commendable steps in restoring consumers' trust and confidence, it is still not immune to the threat of a public inquiry like the banking sector is currently facing. The industry and its individual organisations ...

An institutional approach to retirement advice

ALEX BURKE  |  TUESDAY, 25 JUL 2017
Retiree portfolios stand to benefit from the asset-liability management used by institutional investors, according to AMP Capital senior portfolio manager Darren Beesley. Speaking at the inaugural Financial Standard Best Practice Forum on Retirement ...

Riding the retirement tidal wave

ALEX BURKE  |  TUESDAY, 25 JUL 2017
A future where people routinely live to 100 has significant implications for society - and more specifically financial planning, according to State Street Global Advisors head of portfolio strategists Asia-Pacific Jonathan Shead. Speaking at the inaugural ...

Flashes: activity expansion and moderating inflation

BENJAMIN ONG  |  TUESDAY, 25 JUL 2017
... creation to the highest so far this year." But the outlook for inflation - as far as heading towards the Fed's target - is not. Among manufacturers, "despite increased input costs, factory gate price inflation moderated in July to its weakest since November ...

Equity Trustees names philanthropy lead

KARREN VERGARA, JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2017
... focus was on ensuring we can continue to provide excellent service to our clients, beneficiaries and the many charitable and [not-for-profit] bodies we provide grants to, and play a key role in nurturing a philanthropic culture in our country." He added ...