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MyPlanner inks deal with tech provider

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2017
Independent financial advice licensee MyPlanner has become the first dealer group to partner with PractiFI. As part of the dealer group's business-wide technology transformation strategy, MyPlanner and its adviser network will now use PractiFI's solution ...

Former investment bankers behind new platform

JAMIE WILLIAMSON  |  THURSDAY, 10 AUG 2017
Two former senior JPMorgan and UBS investment bankers have joined forces to launch an online investment platform. Targeting investors seeking exposure to a wide range of asset classes in Australia, Rob Nankivell and Travis Miller said iPartners aims ...

Wages separate businesses from consumers

BENJAMIN ONG  |  THURSDAY, 10 AUG 2017
Not happy Jan! This is the collective cry of Australian consumers according to the latest Westpac-Melbourne Institute consumer sentiment survey. Yet only a day before, the NAB business survey showed that business conditions in July were at their best ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... reinsurance arrangements. CBA's New Zealand-based life and health insurance arm, Sovereign, was also highlighted for a potential sale. Although CommInsure was cleared of allegations of medical misconduct and systemic claims handling issues by ASIC and ...

Inflation: Cost-pushed and demand-pulled

BENJAMIN ONG  |  WEDNESDAY, 9 AUG 2017
If anything, the National Australia Bank's July business survey added credence to the Reserve Bank of Australia's optimistic take on the outlook for economic activity in the country, but not inflation which it expects "to pick up gradually as the economy ...

Retirement advice will take hit from education reform

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2017
... shedding of employees will have when practices close their doors," Sinclair said. Rather than selling businesses at fire sale prices, planners should seek feasible alternatives as it simply makes no sense in an environment of growing consumer demand ...

Chi-X appoints Australia chief from Deutsche Bank

ALEX BURKE  |  THURSDAY, 3 AUG 2017
Four months after his departure, John Fildes' successor as Chi-X Australia chief executive has been appointed. Replacing Fildes is Vic Jokovic. Jokovic takes on the role after retiring from Deutsche Bank in February, having been managing director, co-head ...

Aussie banks cleared of Wells Fargo-type conduct

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
... audits highlighted consumer credit insurance (CCI) as a standout product for customer complaints and at heightened risk for sale without proper informed customer consent. The audits also identified potential weaknesses in account opening and activation ...

Class action on the cards for ASX healthcare firm

ALEX BURKE  |  TUESDAY, 1 AUG 2017
An ASX-listed healthcare company is facing a potential class action from shareholders, including major Australian fund managers, following a 37% fall in share price. William Roberts Lawyers has alleged that Sirtex Medical, which manufactures and distributes ...

Vanguard recruits former industry fund CIO

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2017
The former chief investment officer for the Meat Industry Employees Superannuation Fund is now a senior investment specialist at Vanguard. Mary McLaughlin joined the fund manager in May, charged with providing insights into Vanguard's equities investment ...