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Economic Wrap

BENJAMIN ONG  |  TUESDAY, 6 DEC 2016
... surged to 57.2 in November - the highest reading since April 2015 -- from 54.8 in the previous month and beating even the top-end of expectations for a 56.2 print. Gains were driven by business activity (61.7); employment (58.2), new orders (57.0) and ...

CommInsure loses $4.5bn fund partner

ALEX BURKE  |  MONDAY, 5 DEC 2016
... insurer with "an aligned culture" and "long-term commitment to the market." In this regard, the fund said, TAL came out on top. "Changing service providers is never an easy decision to make, however the services TAL offered in supporting the TWUSUPER ...

Super funds must do better digitally

JAMIE WILLIAMSON  |  MONDAY, 5 DEC 2016
Superannuation funds need to do more digitally in order to attract and retain members, according to Decimal chief executive Nic Pollock. Pollock said the key challenge in the industry at present is the issue of member retention; with an increasing number ...

Super slow to embrace advice opportunity

ALEX BURKE  |  FRIDAY, 2 DEC 2016
... robo-advice services, according to IQ Group research. The IQ Group Digital Engagement Study 2016, based on research of the top 50 retail, industry and public sector super funds, found that 8% of those surveyed were actively using robo-advice. This is ...

New chair at LGIAsuper

JAMIE WILLIAMSON  |  FRIDAY, 2 DEC 2016
... LGIAsuper has appointed a new chair. After three years as an independent director for the fund, John Smith has stepped into the top role. He has also previously overseen LGIAsuper's audit and risk management committee and was a member of its investment ...

Lonsec rates BetaShares ETF

ALEX BURKE  |  THURSDAY, 1 DEC 2016
... diversifier ETF. The BetaShares Ex-20 Portfolio Diversifier ETF targets about 180 stocks listed on the S&P/ASX 200, excluding the top 20. The goal is to diversify exposure to the market by not including stocks to which investors will likely already have ...

MySuper lifecycle funds lead the pack

DARREN SNYDER  |  WEDNESDAY, 30 NOV 2016
... performance. The range of investment returns is spread across nominated investment risk level," Rainmaker said. It said the top performing single strategy MySuper products were MTAA, BUSSQ, Statewide and UniSuper - all of which generated more than 8% ...

Decimal enters new super partnership

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2016
Decimal has entered into a commercial agreement with a superannuation business. The software provider will deliver the super business with access to its platform as part of a paid test and learn exercise and will involve implementing a white-label solution ...

Long way to go on professional standards: FPA

JAMIE WILLIAMSON  |  MONDAY, 28 NOV 2016
... professional year and the criteria for minimum CPD. We still have a long way to go," De Gori said. De Gori said that this, on top of the shaping of the code of ethics, is going to occupy the majority of the next 12 to 24 months. "The actual implementation ...

Trump protectionism protects not the emerging markets

BENJAMIN ONG  |  MONDAY, 28 NOV 2016
Reflation - the word that dominated central bank memes after the global financial crisis is back in vogue. While it became something of "it's at the back of everyone's minds, but not talked about" in intervening years, President-elect Trump has brought ...