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Technology will shape financial services

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2017
Financial advisers must challenge themselves to see where technology can add value to their business models if they wish to remain relevant in the coming years. That was the key theme of a presentation delivered by futurist Chris Riddell at the 2017 ...

Actuaries Institute chief resigns

ALEX BURKE  |  WEDNESDAY, 11 OCT 2017
... advocate on key reform issues affecting Australian society and our economy such as those in the banking, insurance, health, big data, tax and superannuation/retirement incomes sectors," Lyon said.

No more slack?

BENJAMIN ONG  |  MONDAY, 9 OCT 2017
It was the surprise that wasn't. US non-farm payrolls declined by 33,000 in September and it followed an upwardly revised 169,000 gain (from +156,000) in the previous month. Sure the extent of the fall was less than market consensus for a 100,000 addition ...

Time to start factoring in an RBA rate cut?

BENJAMIN ONG  |  FRIDAY, 6 OCT 2017
Forget about the ANZ and NAB's call for the RBA to remove at least the "emergency accommodation" that brought the official cash rate to a record low of 1.5%. If the recent trend in Australian consumer spending - or in this case, not spending - continues ...

Factor-based investment demand strengthens: Research

KARREN VERGARA  |  THURSDAY, 5 OCT 2017
Despite their complexity, the demand for factor-based investment products is forecast to accelerate over the next five years, latest research shows. Allocations to factor-based strategies among global institutional and retail portfolios reached 17% ...

Expansion everywhere

BENJAMIN ONG  |  TUESDAY, 3 OCT 2017
"They float. They all float!" Nah, not scribbling to spook the bejeesus out of you ala Pennywise the clown of "It" fame. Au contraire, the quote refers to the manufacturing PMI survey releases showing that the world's biggest economies are all - not ...

BigTech: The next frontier for high-net-worth investors

EMMA RAPAPORT  |  FRIDAY, 29 SEP 2017
High-net-worth individuals could soon turn to Apple, Google, Amazon and Facebook for wealth management needs according to latest research from Capgemini. In its 2017 World Wealth Report the consulting firm found BigTech is casting a long shadow in wealth ...

UK regulator increases support for new starters

JAMIE WILLIAMSON  |  FRIDAY, 29 SEP 2017
... regulation, with the FCA contact centre receiving up to 1200 calls a month for support. "I should say that this is not necessarily a big surprise because it is extremely difficult to describe complexity simply. But we do see it is an imperative that ...

China industrial profits surge

BENJAMIN ONG  |  THURSDAY, 28 SEP 2017
... third of the new profits in August. I can only surmise that the other two-thirds were due to stronger demand. Of course, the big question is whether such strong profit growth could be sustained given the expected drag on growth from China's reforms. ...

CommInsure executive joins AMP

ALEX BURKE  |  WEDNESDAY, 27 SEP 2017
A former CommInsure executive has joined AMP as senior manager, insurance governance. Vicky Galanis joins AMP from CommInsure, where she was executive manager - life claims. Prior to that, she was head of individual insurance claims at AXA. Galanis ...