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Hunter Hall profit sinks as third investor enters the fray

ALEX BURKE  |  WEDNESDAY, 15 FEB 2017
... million, 68% down on the $4.4 million reported in the prior corresponding period. Hunter Hall attributed this to the company not earning any performance fees or realising any gains on its investment portfolio over the period. Hunter Hall chair Kevin ...

Fintech investment needs balance: APRA

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
The financial services sector should not be tempted by "shiny new [fintech] toys", and must continue to invest in maintenance of core technology, says APRA chairman Wayne Byres. Speaking at the A50 Australian Economic Forum in Sydney on Friday, Byres ...

FPA expels and fines dishonest member

EMMA RAPAPORT  |  WEDNESDAY, 15 FEB 2017
... Tindall is still a member, told Financial Standard it had only become aware of Tindall's indiscretions via media reports and had not received any similar complaints but is exploring the issue. In a statement, AFA chief executive Brad Fox said the association's ...

Distrust is super's biggest challenge

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2017
... National Conference, Deloitte Digital chief executive Peter Williams said this is partly a result of superannuation funds not putting enough technology into the hands of members to afford them a greater understanding of their retirement savings. "Technology ...

British inflation quickens but still off-target

BENJAMIN ONG  |  WEDNESDAY, 15 FEB 2017
... market expectations for a 1.8% gain. The latest inflation data remains below the Bank of England's (BOE) 2.0% target and should not put immediate pressure on the British central bank to lift interest rates.

China price rises

BENJAMIN ONG  |  WEDNESDAY, 15 FEB 2017
... If inflation was the man driver of the People's Bank of China's monetary policy, the latest update on consumer prices would not have a significant sway on interest rate direction - up or down. China's consumer price inflation accelerated to 2.5% in the ...

Challenger hails major retirement partnership

ALEX BURKE  |  TUESDAY, 14 FEB 2017
Straight off the back of announcing record annuity sales of $2.2 billion in its half-year results, Challenger is partnering with an international investment manager to develop a global bond product for Australian retirees. The new partnership with Standard ...

Couples can benefit more than singles in SMSFs

EMMA RAPAPORT  |  TUESDAY, 14 FEB 2017
... the table at your loved one, you may want to ask if they're ready to join you in a self-managed superannuation fund. It may not sound as exciting as buying a house together or signing up for a joint bank account, but the benefits could save you thousands ...

Pacific Current Group calls EGM for restructure

ALEX BURKE  |  TUESDAY, 14 FEB 2017
... successful, PAC will then have 100% of the Aurora Trust - and Fitzpatrick said this would "reduce administrative costs while not materially shifting the value of the respective stakeholders." "The directors believe that, if the simplification transactions ...

Lifted by external demand

BENJAMIN ONG  |  TUESDAY, 14 FEB 2017
... quarter, net exports contributed the most to growth, adding 0.2 percentage point to Q4 GDP. It added 0.3 percentage point in Q3. Not surprising, the yen's depreciation and the improvement in the global economy have been the major factors behind the growth ...