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Proposed changes ahead for APRA's heatmaps

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
... be "stapled" to member accounts to avoid duplicate accounts. In light of this, APRA will consider potential changes to the next iteration of the heatmap which is planned for December 2020. Rowell said APRA's expanded data collection will be critical ...

ASI names global head

ANNABELLE DICKSON  |  MONDAY, 12 OCT 2020
... we've achieved for clients, particularly in the midst of a pandemic, but there's much more we can do and I'm excited for the next stage," Hoctor-Duncan said. In his new role, he will lead the global client-facing asset management distribution function ...

Half of UK pension funds seek buy-out

JAMIE WILLIAMSON  |  MONDAY, 12 OCT 2020
... enthusiasm for buy-ins and buy-outs continues to grow, he added, saying demand is expected to average $66 billion a year over the next decade. "This is due to a combination of factors such as funding requirements meaning that sponsoring employers will ...

NZ firm hires 10 analysts in Australian expansion

ELIZABETH MCARTHUR  |  MONDAY, 12 OCT 2020
... industry expertise with the best talent regardless of tenure," Vanderzeil said. "The sectors and factors that will produce the next generation of returns will invariably be different to those of today and we will be seeking to utilise data and partnerships ...

Aware Super moves to acquire OptiComm

ELIZABETH MCARTHUR  |  MONDAY, 12 OCT 2020
... the right, but not the obligation, to submit a counter proposal for the OptiComm board to consider at any time during the next three business days."

Powerwrap delists, Praemium takes over

ANNABELLE DICKSON  |  MONDAY, 12 OCT 2020
... de-listed from the ASX and its chief executive and board have stepped down following the acquisition by Praemium. In the next move of the off-market takeover, Praemium made payment of the 94% in acceptances on October 2 with the remaining 6% to be acquired ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... amounting to 11% of GDP this fiscal year -- on the nation's debt - that would reach more than a trillion A-dollars over the next three years - and the outlook for the Australian economy. For sure and for certain, this massive spending will need to ...

Sydney boutique sharpens focus on HNWs

KANIKA SOOD  |  FRIDAY, 9 OCT 2020
... performance fees on returns above a performance hurdle. "It is an area we are looking to grow. Certainly, [I] think over the next three years we will have about half a billion in asset under management under the private wealth division."

Women focus in Labor budget reply

ELIZA BAVIN  |  FRIDAY, 9 OCT 2020
... National Energy Grid and revitalising Australian manufacturing are at the core of Labor's plans for job creation over the next decade. He said in the midst of the COVID-19 crisis the way to create much needed jobs immediately, is through investing in ...

Netwealth sees rise in inflows

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... said those funds mark the first in a series of new Netwealth specialist funds which will be rolled out progressively in the next year. "Netwealth remain confident of our growth momentum and continue to benefit from ongoing industry consolidation, adviser ...