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Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... shareholders to sell its life and wealth protection unit to UK firm Resolution Life. Looking for Royal Commission stories? See our top 10 here. Corporate and industry super funds unite November brought another merger of superannuation funds, when the ...

Asset manager appoints CIO

KANIKA SOOD  |  WEDNESDAY, 19 DEC 2018
... Australian and New Zealand clients is welcoming a new chief investment officer. Edward M. "Ted" Maloney is moving into the top investment role at Boston-based MFS Investment Management, 13 years after he joined the company as an equity research analyst. ...

Chief economist update: Is there a bear in there?

BENJAMIN ONG  |  MONDAY, 17 DEC 2018
... generally-accepted definition of a bear market. Never mind, the technical definition of a drop of at least 20% from the nearest top but more on the its effect on investor psychology. As Investopedia puts it, "A bear market is a condition in which securities ...

Future Fund investment specialist joins NZ Super

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
... sovereign wealth fund as its chief investment officer. Stephen Gilmore joins the $37 billion New Zealand Super Fund in the top investment role. He will lead a team of 45 investment professionals, responsible for the appointment and monitoring of the ...

Janus Henderson promotes talent

JAMIE WILLIAMSON  |  TUESDAY, 11 DEC 2018
... capacity to play an integral role. "Shan has established himself as a key contributor in shaping portfolio strategy from both a top-down and bottom-up perspective. His strong credentials within the corporate debt sector and prior experience in managing ...

$300k makes advice worthwhile: Research

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... survey of more than 50,000 consumers in the year to October reinforces that financial advisers tend to target clients at the top end of the income bracket. Overall, 16.8% of respondents invested in a wealth management product with the help of a professional ...

Advice firm runs rule over Labor policy

DARREN SNYDER  |  FRIDAY, 7 DEC 2018
... term wealth. The capital gains tax rate is not discounted, but the 30% tax rate is now lower than the 25% discount to the top marginal tax rate plus Medicare levy of 35.25%," he added. On the potential loss of franking credit tax refunds, Philpot said ...

Boutique behemoth in the making

DARREN SNYDER  |  THURSDAY, 6 DEC 2018
... expertise in the delivery of liquid UCITS funds and other bespoke strategies gives us the opportunity to offer a selection of top quality alternative products to our clients." Generali Asset Management chief executive Tim Ryan added alternative investments ...

Aussie investors calm about next 12 months

KANIKA SOOD  |  THURSDAY, 6 DEC 2018
... half (58%) of Aussie investors said their country presents the best investment opportunities over the next year. As their top asset class pick for next year, 41% chose domestic stocks, 37% chose international stocks, 32% chose real estate and 27% chose ...

AFCA receives 500 super complaints in first month

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
Australia's superannuation industry copped more than 500 complaints to the Australian Financial Complaints Authority in the body's first month of operation. AFCA busily began its life last month, with more than 6000 complaints lodged in its first 30 ...