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Lowe snaps back at critics

ELIZA BAVIN  |  THURSDAY, 6 FEB 2020
RBA governor Philip Lowe has rejected concerns that the bank's decision to cut interest rates last year dented consumer confidence and impacted weak consumer growth. Speaking at the National Press Club, Lowe said that while he understands having rates ...

Industry fund risk lead resigns

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... Retirement Fund has confirmed the resignation of Scott McIsaac. McIsaac was chief risk and compliance officer at the fund for close to three years, having joined from APRA in May 2017 where he was a governance, culture and remuneration specialist. He ...

FPA partners with Deakin University

ALLY SELBY  |  WEDNESDAY, 5 FEB 2020
The Financial Planning Association of Australia has partnered with Deakin Business School to allow financial planners to combine a Masters of Financial Planning with its Certified Financial Planning (CFP) program. It comes after the FPA signaled in ...

Wealth manager makes senior appointment

ALLY SELBY  |  MONDAY, 3 FEB 2020
Embattled wealth manager Evans Dixon has appointed a new chief financial officer and company secretary. Paul Ryan has been promoted to the role, formerly serving as Evan & Partners private capital managing director. In a release, the firm said Ryan ...

Frydenberg takes RC super advice

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... consulted on ahead of their introduction," Frydenberg said. Consultation on the exposure draft legislation is now open, and will close on February 28.

New MySuper outcomes tool set for release

HARRISON WORLEY  |  FRIDAY, 31 JAN 2020
... Superannuation investment solution provider Trustee Tailored Super (TTS) is planning to release a MySuper Outcomes Tool at close of business on Monday, which for the first time will allow trustees to compare the outcomes of all 96 MySuper products offered ...

BlackRock shuts ASX-listed ETF

KANIKA SOOD  |  THURSDAY, 30 JAN 2020
... needs of our clients. Based on ongoing reviews and client demand since inception over ten years ago, we have decided to close the iShares MSCI Taiwan ETF," it said in in ASX filings. BlackRock expects to finish pay final distributions to investors around ...

First State Super acquires rental properties

ALLY SELBY  |  THURSDAY, 30 JAN 2020
... the Fund's members, thanks to "inconsistent shift work hours and [a lack of] safe, secure and affordable housing in close proximity to their workplace". "First State Super has for some time been investigating how we can be part of the solution to ...

Uncertainty remains for global outlook: TCorp

ELIZA BAVIN  |  THURSDAY, 30 JAN 2020
TCorp is not anticipating a significant fiscal boost for Australia this year, listing a number of US factors as key issues for the global economy in 2020. New research from the investment and financial management firm lists the key factors that are ...

Chief economist update: Turn the beat around

BENJAMIN ONG  |  THURSDAY, 30 JAN 2020
... not cut interest rates in February but also in 2020 and 2021 - based on the most recent actual inflation reading. It is close enough to predictions! But markets still expect the RBA to cut - not just so soon as next week. Why wait I ask. Why not get ...