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Chief economist update: Like Britney Spears, Financial Standard's done it again

BENJAMIN ONG  |  THURSDAY, 23 MAY 2019
... 'Taylor Rule' and plugging in Australia's growth and inflation parameters at the time. It took two months and a few days before Reserve Bank of Australia governor Philip Lowe came around to Financial Standard 's view, admitting as much ...

Credit fund launches to wholesale investors

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2019
... continuation of the firm's growing offering in credit. "We have been building our credit expertise in the firm rapidly over the last few years, particularly as market conditions have driven increasing demand for credit beyond authorised deposit-taking ...

Industry super fund appoints new chair

KARREN VERGARA  |  FRIDAY, 10 MAY 2019
... Catholic Superannuation, a fund with a proud 38-year track record of delivering strong returns to our members." He added the next few years will be challenging, not just for the fund but for the superannuation sector generally, given the changes taking ...

Chief economist update: Countdown to T-day

BENJAMIN ONG  |  FRIDAY, 10 MAY 2019
... up; and China's CSE 300 index remains close to a bull market - up 19.6% - in spite of the heavy sell-off over the past few days. But as Murphy's Law dictates, "anything that can go wrong, will go wrong". Not only could it go wrong but it could ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... superannuation money sent to the ATO is "lost" to the member. Financial Standard sighted a number of member communications and found few super funds explained the benefits of the new law. Colonial First State and Rest were two exceptions. Colonial First ...

Life insurers prioritise customer service over tech

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... sometimes in-person. Unlike last year, compliance and risk, and technology do not rank as highly on the investment agenda. Very few insurers are also less focused on global growth or new product investment. "With the emergence of start-ups and insurtechs ...

Social infra to become core investment

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
High population growth, changing community needs and an ageing population will spur investment in social infrastructure. Speaking at the Property Funds Association conference, Arena REIT managing director Rob de Vos said: "An ageing population and proportionately ...

Pendal profits plunge, advisers remain positive

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
... About 20% of Pendal's total funds under management come through Westpac and the share has been scaling down over the past few years. Westpac started selling down its stake in BT Investment Management in 2015. BTIM rebranded to Pendal in March last ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
... Financial developments? Both the S&P 500 index and the Nasdaq composite index surpassing their all-time record highs over the past few days. So much so that bubble concerns are starting to emerge and patience becomes not a virtue.

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... brand identities under the joint trustee board. The urge to merge The $15 billion Equipsuper has chased scale for the past few years through two channels: the tender consultants to win mandates and through mergers. It has had success in both. Last year ...