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Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
The Association of Financial Advisers (AFA) has called for 'substantial improvements' to be made to the draft Life Insurer Code of Practice and is willing to see implementation delayed to ensure improvements are made. The call to the Financial Services ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 20 SEP 2016
US housing market index The NAHB housing market index rose to a reading of 65 in September, a sharp improvement from the previous month's 59 level. This was better than the expected increase to 60 and the best reading since October 2015. Better, all ...

CFS sets focus on financial literacy with Wealth IQ

KERRIE SYDEE  |  MONDAY, 19 SEP 2016
Colonial First State (CFS) has launched a digital tool to assist financial advisers in increasing the financial literacy of their clients. Wealth IQ was designed to help advisers explain complex financial planning and investment concepts to their clients ...

Regal named best Australian hedge fund

MARK SMITH  |  FRIDAY, 16 SEP 2016
Regal Funds Management has been crowned Australia's best hedge fund for 2016 at an industry awards ceremony in Sydney last night. Gathering the hedge fund sector's best and brightest, the Hedge Funds Rock and Australian Hedge Fund Awards - now in its ...

BNP appoints sales manager from J.P. Morgan

ALEX BURKE  |  FRIDAY, 16 SEP 2016
BNP Paribas has appointed a new sales manager for New South Wales and Queensland. David Pember joins BNP from J.P. Morgan, where he was executive director, sales manager asset managers and insurance companies. Prior to that, he was a director of strategic ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 16 SEP 2016
Australia employment The world of financial markets and tea-leaves watching would be a boring place if not for "seasonality adjusted" estimates of economic statistics, especially ones that go up one month and down the next and/or beat expectations one ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 14 SEP 2016
Australia business confidence The Reserve Bank of Australia's (RBA) 25bps cut in the official cash rate to 1.50% in August helped lift the NAB business confidence indext from a reading of plus 4 in July to plus 6 last month - consistent with its long-term ...

OneVue hires head of client services

MARK SMITH  |  TUESDAY, 13 SEP 2016
OneVue has appointed a head of client services in response to the growth it has seen in its fund services division. Based in Melbourne, Angelia Tonkin will help service the increasing number of clients outsourcing their administration tasks and call ...

A-REITs will have to work harder in 2017

DARREN SNYDER  |  TUESDAY, 13 SEP 2016
Real estate fund manager Folkestone says several positives came out of the A-REIT reporting season and 2017 will present challenges to maintain the investment vehicle's strong returns. Folkestone's latest analysis shows A-REITs returned 26% in the year ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 13 SEP 2016
Australia lending finance Data from the Australian Bureau of Statistics (ABS) showed a sharp 9.0% increase in the total value commercial finance commitments in July, more than reversing the 8.2% drop in the previous month. The increase was driven by ...