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Not as good as the headline

BENJAMIN ONG  |  FRIDAY, 7 APR 2017
It's not as good as it looks. The second biggest Australian trade surplus on record, that is. Us, Australians all, should be rejoicing at the Australian Bureau of Statistics' (ABS) report that the country's international trade surplus widened by 138% ...

Adviser sentiment turns corner

KARREN VERGARA  |  FRIDAY, 7 APR 2017
The negativity around life insurance adviser sentiment is starting to turn a corner, according to new research from Zurich. Adviser sentiment improved marginally from 4.1 points in December 2015 to 4.2 points in February 2017, according to the Risk ...

MAX Awards launch Financial Literacy Campaign of the Year

MICHELLE BALTAZAR  |  THURSDAY, 6 APR 2017
This year's MAX Awards will feature a new category - the Financial Literacy Campaign of the Year - to recognise the crucial role the industry plays in furthering wealth education. The introduction of the new category coincides with the 25th anniversary ...

SSGA expands active managed funds business

MICHELLE BALTAZAR, JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2017
More than four years and $500 million in assets later, the active managed funds business of State Street Global Advisors Australia is gearing up for the next chapter of its growth. The world of active equities is tough business. There are many competitors ...

ANZ updates position on wealth business

DARREN SNYDER  |  TUESDAY, 4 APR 2017
... where products would be manufactured for the business. Elliott said ANZ's wealth management business is not putting a "for sale" sign up, and is skeptical about finalising any partnership before the end of 2017. In a video posted to ANZ's digital publication ...

RBA dilemma

BENJAMIN ONG  |  TUESDAY, 4 APR 2017
It'll be interesting to be a fly on the wall of the Reserve Bank of Australia's (RBA) boardroom today when Governor Philip Lowe and his team deliberate on what to do with the country's monetary policy settings. Financial markets expect the Australian ...

FSC awards life insurance standouts

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2017
The Financial Services Council recognised the best and brightest in the life insurance industry overnight at a gala dinner in Sydney. AIA head of retail risk, optimisation and compliance Kathleen Williams received the Young Achiever Award at the FSC ...

Associations not sold on PC draft report

EMMA RAPAPORT  |  THURSDAY, 30 MAR 2017
The Productivity Commission's draft report on alternative default models for the superannuation system has been met with mixed responses from the industry. The Commission recommended a number of changes to the current default fund system and took aim ...

Legg Mason appoints Sydney head from UBS

ALEX BURKE  |  MONDAY, 27 MAR 2017
As part of its Australian expansion, Legg Mason appointed the head of its newly opened Sydney office and its national key account manager. Matt Stovold joins Legg Mason's new Sydney team from UBS Wealth Management, where he was a managing director. ...

Citi boosts wealth team

ALEX BURKE  |  FRIDAY, 24 MAR 2017
Citi is expanding its wealth management business with four new hires. Danica Hampton joins Citi as head of investment specialists. Prior to this role she was head of currency overlay and solution sales at NAB; and global markets research senior strategist ...