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Investment Leadership Awards finalists revealed

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
The shortlist for the Financial Standard Investment Leadership Awards 2020 has been unveiled, recognising outstanding investment talent across major asset classes. Now in their third year, the annual Financial Standard Investment Leadership Awards are ...

Super fund names new chief investment officer

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2020
The chief investment officer from Media Super has jumped ship to take on the same role at another industry fund. Legalsuper announced Norman Zhang will commence as the fund's new chief investment officer at the beginning of March this year. Just yesterday ...

Chief economist update: Equity markets struck by coronavirus

BENJAMIN ONG  |  WEDNESDAY, 22 JAN 2020
"I've got chills, They're multiplying..." Wall Street is down... with the coronavirus flu! The Dow declined by 0.5%, the S&P 500 by 0.3%, the Nasdaq by 0.02%, and the Russell 2000 by 0.8 after the US Center for Disease Control and Prevention ...

Aberdeen Standard, HUB24 partner

KANIKA SOOD  |  TUESDAY, 21 JAN 2020
... administration at December end, after picking up $1.26 billion in net inflows during the quarter, number released today on the ASX show. It is used by about 1800 advisers.

Opt-out super to hit workers: ISA

HARRISON WORLEY  |  TUESDAY, 21 JAN 2020
New Industry Super Australia research claims to show plans to make superannuation optional for low-income workers is nothing more than a tax grab. According to ISA's latest analysis, low-income workers in New South Wales who chose to take their superannuation ...

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
New research from MetLife suggests that financial advisers should consider multiple payment structures to meet client needs. The MetLife Client-Adviser Relationship Report looked at what clients want from financial advice and life insurance. The research ...

Wealth giants shrink advertising budgets

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
... largely cut back on their advertising spends over the past five years, documents from the Standing Committee on Economics show. Colonial First State, which is currently facing two class actions, spent only $1.68 million on its campaigns for FY18/19 ...

Analysts remain wary as ASX breaks 7000

ALLY SELBY  |  FRIDAY, 17 JAN 2020
The S&P/ASX 200 Index has broken the 7000 mark following news of Trump and China finally signing a trade deal, but analysts remain wary of the new record high. The Index gained 47 points on Thursday to finish at 7041.8, setting a new record high for ...

Better retirement income products needed

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JAN 2020
Challenger's Jeremy Cooper is calling for better product design from super funds as new research shows most Australian seniors are living in fear that they will outlive their savings. New insights from Challenger and National Seniors Australia reveal ...

Gardior adds board directors

JAMIE WILLIAMSON  |  TUESDAY, 14 JAN 2020
Two executives from Macquarie Infrastructure and Real Assets have joined the board of Gardior after winning the mandate to manage The Infrastructure Fund in late 2018. Head of MIRA Australia Grant Smith and head of MIRA Asia-Pacific Frank Kwok joined ...