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Chief economist update: Devilish details

BENJAMIN ONG  |  TUESDAY, 21 MAY 2019
... were released. But is it? As always, the devil is in the details and the details are devilish. Japan's National Accounts show net exports accounted for 0.4 percentage points of the 0.5% growth in the March quarter. Nothing wrong with this except ...

Fairness key to meaningful change: Shipton

HARRISON WORLEY  |  MONDAY, 20 MAY 2019
... litigate. Firstly, ASIC has to be satisfied breaches of the law are more likely than not. The facts of the case must also show pursuing the matter would be in the public interest. Then ASIC will ask itself why it shouldn't litigate the matter. "'Why ...

Lifecycle fails to woo industry super

KANIKA SOOD  |  MONDAY, 20 MAY 2019
Six years after the first lifecycle MySuper products hit the shelves, industry superannuation funds have trailed behind the retail sector in terms of adoption. Only five industry funds ditched their single strategy MySuper product for a lifecycle option ...

Chief economist update: Fairy tales can come true

BENJAMIN ONG  |  MONDAY, 20 MAY 2019
I believe in miracles Where you from You sexy thing, sexy thing you Australian Prime Minister Scott Morrison was delivered a miracle when the Liberal/National Coalition won the Australian Federal election - and look set to form a majority government ...

Super funds to dominate ASX: Research

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Superannuation fund are forecast to control more than half of the ASX in 15 years' time, new Rainmaker research shows. Super funds currently invest about $700 billion in ASX-listed companies, representing nearly a 40% stake of the index and growth ...

Tobacco company launches life insurance offering

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
A major tobacco company is eyeing the life insurance industry by launching products that offer discounts for customers that quit smoking or switch to alternatives. Philip Morris International, the manufacturer of Marlboro cigarettes, will launch life ...

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Yellow Brick Road is restructuring its wealth business that will result in job cuts under the supervision of chair Mark Bouris. Its chief executive will also step down. YBR's board announced overnight it will commence to dispose, outsource or restructure ...

Chief economist update: June RBA rate cut not a sure bet

BENJAMIN ONG  |  FRIDAY, 17 MAY 2019
... the recent AUD depreciation - a de facto easing - made it as if it already had. In addition, the ABS' trend estimates show that the state of the Australian labour market has virtually remained unchanged since its May meet.

Frontier highlights best in show list weaknesses

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
... should drive that consolidation shifts from choosing the best-performing funds to removing underperforming funds," the Best in show or worst to go paper writes. After analysing variables and correlations between size, net returns, cash flows, allocation ...

Advisers forgo charitable conversations: Poll

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
Many financial advisers intend to incorporate charitable giving in the advice process, but the majority still do not broach the topic with clients, a Financial Standard survey shows. More than half (54%) of the financial advisers polled do not have ...