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Australian fund caught in email scandal

ELIZABETH MCARTHUR  |  FRIDAY, 12 APR 2019
... Morgan Chase Australia. The findings, released in a performance audit report on the fund conducted by the Auditor General, show the NAIF failed to implement a proper Protective Security Policy framework. As a result of board members were using non-official ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
The International Monetary Fund (IMF) recently released its World Economic Outlook April report where it slashed its global growth projections to 3.3% this year, down from 3.5% forecast in January and from 3.7% predicted in its October 2018 outlook ...

Super funds hungry for global stocks, alternatives

KANIKA SOOD  |  THURSDAY, 11 APR 2019
The lion's share of the institutional mandates awarded in Australia last year went to international equities and alternatives manager, the latest Rainmaker Mandate Chaser report shows. Not-for-profit superannuation funds and investment managers handed ...

Transparency key to ESG advice success

ELIZABETH MCARTHUR  |  THURSDAY, 11 APR 2019
Advisers are finding it difficult to provide advice on ethical, environmental, social and governance (ESG) considerations due to limited transparency from the $2.7 trillion super industry. Australian Ethical head of client relationships Leah Willis ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... downgraded its outlook for exports though, saying that, "exports have shown some weakness recently" and are "projected to show some weakness for the time being." This is hardly a surprise given the yen's persistent strength that's compounded ...

Climate change an imminent threat to returns

ELIZABETH MCARTHUR  |  TUESDAY, 9 APR 2019
A new report from Mercer shows how a climate change of 2c or more could have a detrimental impact on investment returns. According to Mercer, investing for a 2c climate change scenario is both an imperative and an opportunity, as it leads to enhanced ...

SMSFs outshine industry funds for large balances

KARREN VERGARA  |  TUESDAY, 9 APR 2019
Industry superannuation fund satisfaction outranks retail funds in all categories, but failed to beat self-managed super funds when it comes to larger balances. This is according to Roy Morgan's latest Superannuation Satisfaction Report which found ...

New SMSF admin platform launches

KARREN VERGARA  |  TUESDAY, 9 APR 2019
A new one-stop-shop SMSF solution that aims to help financial advisers keep on top of administrative and regulatory burdens has launched. Practical Systems Super meets the needs of small accounting and advice firms by providing services such as fund ...

Chief economist update: Two indicators giving the Fed a headache

BENJAMIN ONG  |  TUESDAY, 9 APR 2019
It appears nothing is normal with the Fed's march toward normalising monetary policy. Not only has it stopped in its tracks, the White House wants it to go in reverse. Cue US President Trump's latest "advice" to the Fed: "In terms of quantitative ...

Chief economist update: Aussie property price falls become self-fulfilling

BENJAMIN ONG  |  MONDAY, 8 APR 2019
"It's in a delicate situation. In terms of general direction, we're not surprised [prices have fallen]... That said, [the] downturn has been a bit bigger." These were the Australian Financial Review's (AFR) quotable quotes from its exclusive ...