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What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... identified. The legislation was tabled later in the year and passed both houses of parliament on October 14. 6. NAB, Nippon lock heads over MLC In May, it was revealed NAB and Nippon were struggling with agree on spinning MLC off as a standalone entity. ...

Westpac directors slammed

ALLY SELBY  |  THURSDAY, 12 DEC 2019
Social enterprise Women on Boards has demanded that more heads roll, ahead of Westpac's AGM in Sydney today. Ruth Medd, who co-founded Women on Boards, made the remarks as a long-term shareholder in Westpac and experienced chair and non-executive director. ...

J.P. Morgan predicts extended income squeeze

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... not speculate specifically on Australian interest rates, but said that the income squeeze would continue as the cash rate heads towards zero. However, on the bright side, Australia is not looking as bad as the rest of the world. "Australia's better demographic ...

Chief economist update: Reversal of fortune

BENJAMIN ONG  |  WEDNESDAY, 20 NOV 2019
... also become positive for the property market. Wannabe homebuyers would again find it harder to purchase a roof over their heads but hey, the flipside is that the economy would be strong enough to keep them in employment or provide better job opportunities. ...

Remediation bill tops $10b: ASIC

ELIZA BAVIN  |  MONDAY, 18 NOV 2019
... responsibility for better consumer outcomes." Chester said ASIC will be keeping an eye on both conduct and consumer outcomes as it heads into next year, calling on firms to also commit to change. "...the most demonstrable evidence of that in financial ...

Sydney boutique heads for Chi-X

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
A boutique founded by former Kapstream portfolio manager is gearing up to list three strategies as ETFs on Chi-X. Daintree Capital has partnered with distributor eInvest to list the funds. They will have three risk profiles and return targets of 0.5% ...

US manager eyes Aussie retirement income

KANIKA SOOD  |  WEDNESDAY, 30 OCT 2019
... lower sharpe ratio than it. In the past the problem has been explaining the product to superannuation funds, where equity heads and fixed income heads have been siloed from each other. "Now they have a person tasked with building retirement products ...

ASIC grants compliance scheme relief

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
... Advisers and the Financial Planning Association of Australia among others - expressing its disappointment on Monday. "The heads of Australia's six leading professional associations for financial advisers have expressed disappointment in the timing ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... be held by financial services representatives are currently vacant. Code Monitoring Australia said in a statement: "The heads of Australia's six leading professional associations for financial advisers have expressed disappointment in the timing ...

RC sting felt in finance pay packets

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
... revealed marketing directors in financial services can expect to earn upwards of $350,000 while chief digital officers and heads of distribution can expect upwards of $300,000 for base salaries.