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Chief economist update: The good news and the good news

BENJAMIN ONG  |  FRIDAY, 19 JAN 2018
... Total employment increased by 34,700 in the month of December -- more than twice market expectations for a 15,000 gain - on top of the 63,600 added in November - itself, more than triple market expectations for an 18,000 increase. For sure, the unemployment ...

Ignition Wealth appointment flags fintech future

DARREN SNYDER  |  THURSDAY, 18 JAN 2018
... of Ignition Wealth's Ireland business is keen to deliver the next generation of fintech to Irish institutions. Named in the top role on Wednesday, Alan Quinlan said his appointment marks a "well-timed opportunity to raise the bar on what's possible in ...

Macquarie adopts open banking solution

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2018
... of the leading 100 fintechs globally in 2017, which together with Australian fintechs Prospa and AfterPay Touch, made the Top 50 shortlist. Revenue and Financial Services Minister Kelly O'Dwyer recently told the Asian Financial Forum 2018 in Hong Kong ...

Soaring education costs require financial plan: Research

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
... significant investments a family can make. "If you have three children, the cost of education at a Sydney private school could top $1.6 million. That's significantly more than the purchase price of a family home," he said. The cost of Sydney public school ...

Banks can take lead on financial inclusion

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
... revenues from financial inclusion, estimated at US$63.4bn, while Thailand (US$8.5bn) and Vietnam (US$5bn) also feature among the top 10 countries globally. EY global emerging markets leader Jan Bellens said financial inclusion isn't merely a corporate ...

Citigroup takes action on pay inequality

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2018
... are, on average. According to the documents prepared by Arjuna Capital, the mean pay gap at Citigroup is 10% and 14.8% for top earners. Further, 51% of employees are female though only account for 24% of executives, with Oliver Wyman estimating it will ...

School holidays require prudent financial planning: Survey

KARREN VERGARA  |  MONDAY, 15 JAN 2018
... kids entertained doesn't always come for free and, for many families, the financial burden of funding extra activities, on top of taking time off from work, can be stressful, she said. The amount of money earned for undertaking jobs around the house ...

NSW government insurance arm appoints new chief after incumbent moves to QBE

ALEX BURKE  |  MONDAY, 15 JAN 2018
... insurance arm of the New South Wales government, icare, has appointed a new chief executive after the previous chief took on the top role at QBE Insurance. John Nagle will lead icare on an interim basis, having previously been group executive - workers ...

Former Perpetual manager moves to advice firm

EMMA RAPAPORT  |  WEDNESDAY, 10 JAN 2018
... managing director Andrew Masson told Financial Standard that Gamble's appointment was a coup. "Being able to attract Sydney's top talent to come work for a boutique in Newcastle is a big win," he said. "With the current growth trajectory that Infinity ...

Australian instos included in top infrastructure deal

DARREN SNYDER  |  TUESDAY, 9 JAN 2018
... billion sale of Endeavour Energy to a consortium of Australian and global institutional investors ranked among the world's top 10 largest infrastructure deals in 2017. The deal, which included Australian investors AMP Capital, Macquarie Infrastructure ...