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Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
Healthier consumers are happier consumers are spending consumers. US consumer confidence has rebounded to its highest level since the onset of the pandemic in America in March last year. This is hardly surprising with cases of coronavirus infections ...

Trading platform names new chief

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... She will commence her new role on April 20. Whitaker takes the post nearly a year after Andrew Ward stepped back from the top job to become an adviser to the board. At Marsh, Whitaker was most recently the global leader of digital transformation, a role ...

Chief economist update: Strike while iron ore cools

BENJAMIN ONG  |  FRIDAY, 26 MAR 2021
... over the past two weeks which, according to reports is due to concerns over further reduction cuts in Tangshan - China's top steel-producing city - under its anti-pollution plan. But akin to previous episodes, this is likely to be a pause rather ...

Computershare to buy Wells Fargo corporate trust business

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
... is a clear fit with our successful Canadian corporate trust operations and existing US operations. CTS provide scale with a top four market position, a platform for ongoing growth and increased leverage to long term growth trends and interest rates," ...

Rainmaker reveals 2021 AAA super products

JAMIE WILLIAMSON  |  TUESDAY, 23 MAR 2021
... they meet high standards across investments, fees, insurance, communications and more." The number of funds to receive the top rating was down slightly this year from 201 products in 2020. This was the result of increased merger activity throughout last ...

COVID-19 spurs robo-advice demand

KARREN VERGARA  |  TUESDAY, 23 MAR 2021
... the future has become their third priority. The Schroders US Retirement survey found that health and fitness (53%) became a top priority, followed by spending time with the family (39%) and figuring out what to watch on Netflix and other streaming services ...

Chief economist update: BOE not letting its guard down

BENJAMIN ONG  |  TUESDAY, 23 MAR 2021
"At its meeting ending on 17 March 2021, the Committee judged that the existing stance of monetary policy remains appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%. The Committee voted unanimously for the Bank of England to maintain ...

HUB24 hits fund managers with higher fees

KANIKA SOOD  |  FRIDAY, 19 MAR 2021
Fund managers that use HUB24's platform have received updated contracts this month, listing a significant increase in their "reporting fees". HUB24 charges fund managers a reporting fee if they want to see which financial advisers and/or dealer ...

Life Company of the Year named

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... announced the winner of its 2020 Life Company of the Year award, going to the same insurer four years in a row. TAL took out the top spot again with runners up AIA Australia, MLC Life Insurance and NEOS Life. "We congratulate TAL on being awarded the ...

Buffett doesn't want to report on diversity, climate

KANIKA SOOD  |  TUESDAY, 16 MAR 2021
... three female and two ethnically diverse members serve. Mr. Buffett, Berkshire's Chairman and CEO has set the "tone at the top" for Berkshire and its employees for over 50 years," the firm said. What the statement doesn't mention is - the three women ...