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Research Affiliates strengthens Australian presence

KRISTI CHENG  |  TUESDAY, 17 SEP 2019
Research Affiliates has expanded its Australian team with the hire of a senior vice president, client strategies. Adam Willis has assumed the newly-created role of senior vice president, client strategies. He will be based in Sydney. Willis joins Research ...

Chief executive bonuses unscathed by public perception

ELIZA BAVIN  |  TUESDAY, 17 SEP 2019
Declining public trust in the post-Royal Commission world was not enough to dampen executive pay packets, with over half of ASX100 chief executives receiving at least 70% of their maximum entitlement. A report from the Australian Council of Superannuation ...

Chi-X launches new trading solution

KRISTI CHENG  |  MONDAY, 16 SEP 2019
Chi-X Australia has launched a market-on-close trading solution that provides the opportunity for anonymous, all day liquidity and to execute at the ASX closing price. Called MatchPoint, the solution uses the existing hidden market-on-close order type ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
Consultation is open for exposure draft regulations extending the Federal government's design and distribution obligations. The government has released updated design and distribution obligations, which now extend to investor directed portfolio services ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... "remain at their present or lower levels until we have seen the inflation outlook robustly converge to a level sufficiently close to, but below, 2% within our projection horizon," it said. "Second, the Governing Council decided to restart net purchases ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... what we believe are matters of potential significant harm to consumers." The update also includes details of ASIC's close and continuous monitoring program which has seen ASIC staff on-site at the major banks and AMP for 164 out of 222 working days ...

AXA IM dips toes in Aussie student housing

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
... Sydney's Olympic Park and one in Canberra's CBD as part of a $330 million acquisition. Novotel, Ibis and Pullman sit close to each other at Olympic Park which is home to ANZ Stadium, Qudos Bank Arena and Spotless Stadium. The precinct hosted ...

Suitability of managed accounts grows

HARRISON WORLEY  |  TUESDAY, 10 SEP 2019
... Account Survey of financial advisers, Mantella noted more than 44% of practices using managed accounts are doing so for close to half of their client base. "That's really important," Mantella said. "When we talk about managed accounts, we talk about ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... Recession" and lifted many world economies, central banks remain stuck in "abnormal" policy settings - rates still zero or close to zero or negative, with some still engaged in asset purchases (QE)... at a time when economic activity is again losing ...

Adviser cops 262 month jail sentence

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2019
... additional funds, he used the same false information and fabricated statements to defraud financial institutions out of close to $3 million. In addition to the money that was lost on risky trades, he also used more than $2.35 million to pay personal ...