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Chief economist update: Aussie property market drop becoming self-fulfilling

BENJAMIN ONG  |  TUESDAY, 11 DEC 2018
We got chills, they're multiplying... How could something so good turn out to be so bad? It was all very good just as 2017 was turning into 2018... so good, that financial markets were pencilling in exit strategies from the world's major economies ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
The financial services industry is ambivalent about having one overarching regulator, Financial Standard 's latest survey shows. Asked if it was feasible to merge APRA and ASIC, Financial Standard' s readership was split. The structure of Australia's ...

New initiatives ready advisers for the future

JAMIE WILLIAMSON  |  WEDNESDAY, 5 DEC 2018
Two new joint ventures and an innovative study hub aim to help financial advisers overcome the challenges they face in the wake of the Royal Commission, meeting new education standards and the growing demand for aged care advice. knowITdigital is looking ...

Why indexing is big business

KARREN VERGARA  |  TUESDAY, 4 DEC 2018
... so forth, in indices and blending it with ESG factors, he said. For an in-depth discussion on index management strategies, read our recent feature article here.

New Zealand reviews life insurance commissions

JAMIE WILLIAMSON  |  TUESDAY, 4 DEC 2018
New Zealand life insurers are paying the highest commissions to financial advisers in the world and the nation's Reserve Bank is concerned about the conduct risk it is creating. According to the Reserve Bank of New Zealand's latest Financial Stability ...

Chief economist update: Bottom line slows down

BENJAMIN ONG  |  TUESDAY, 4 DEC 2018
The Australian Bureau of Statistics' (ABS) latest update on its Business Indicators, Australia report for the third quarter of this year makes for sober reading for investors dabbling in the country's share market (that makes all Australians ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
The Reserve Bank of Australia (RBA) painted an optimistic picture of the global and domestic economies when it held its policy meeting last month (6 November) before concluding that "...the stance of monetary policy unchanged at this meeting would be ...

SuperConcepts chief resigns

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
SuperConcepts chief executive Natasha Fenech announced she will step down in May 2019 after five years in the role. Fenech said she will take on another opportunity at a financial services firm as chief executive outside of the SMSF sector, but didn't ...

Chief economist update: The angel in the capex details

BENJAMIN ONG  |  FRIDAY, 30 NOV 2018
Australian actual total capital expenditure was down 0.5% in the third quarter following a 0.9% decline in the second and lower than market expectations for a 1% pick up. That's the headline splattered on our screens when the Australian Bureau of ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... reasons for their pay cuts in its FY18 remuneration report - a document which Elliott, at one point said, is possibly the most-read page in the bank's annual report. "That's a good question [why the bank did not mention it]. I can say it's ...