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Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
... of its February 4 meeting: "The central scenario is for the Australian economy to grow by around 23-24% this year and 3% next year, which would be a step up from the growth rates over the past two years. In the short term, the bushfires and the coronavirus ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
... Macdonald said Corrs is "pretty close" to finalising its case, predicting the action will be filed later this month, if not early next. "They're speaking to the advisers who have expressed interest to quantify their losses and I think it will be ...

Problems persist with PYSP communication: ASIC

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... inappropriate cover." "We're calling on super funds to take heed of ASIC's findings. This is their chance to improve, next time we'll be encouraging the regulator to take enforcement action." The regulator has not 'named and shamed' any funds ...

Pension assets climb towards $50 trillion

ELIZABETH MCARTHUR  |  TUESDAY, 11 FEB 2020
... to the financial welfare of Australians. "Assets are now 151% of GDP. Large asset owners have the opportunity to shape the next 10 years and are increasingly rising to the challenge of ensuring that their assets are managed responsibly," she said. "In ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... of 3.8%. In his final BOE meeting, Carney remains hopeful, expecting "an immediate but orderly move, at the beginning of next year, to a deep free trade agreement between the United Kingdom and the European Union". "The most recent indicators suggest ...

Australia's fastest growing investment managers

KANIKA SOOD  |  MONDAY, 10 FEB 2020
... its FUM from just $7 million five years ago to $270 million at September end. This implies an average growth rate of 110%. Next on the list is Sydney small caps boutique Lennox Capital Partners, which was started by former Macquarie investors Liam Donohue ...

Perpetual head jumps for greener pastures

ALLY SELBY  |  MONDAY, 10 FEB 2020
... farming, though I do quite like a dirty martini. "I'm looking forward to getting my hands dirty while looking for the next challenge." In his role at Perpetual, Ehlich led mergers and acquisitions, divestments, capital management and strategic initiatives ...

Not the time for long-term decisions: Baur

HARRISON WORLEY  |  FRIDAY, 7 FEB 2020
... China is "probably just a truce, rather than any kind of solution". "So a good year this year, but I think perhaps problems next year," Baur said. "So what should you do? Well, we think this is not a time to make very long run decisions. This is a more ...

OneVue takes control of Madison

JAMIE WILLIAMSON  |  THURSDAY, 6 FEB 2020
... OneVue said. Madison Financial Group was acquired by Sargon in 2018 and was due to be rebranded to Sargon Adviser Services next month. The rebrand will no longer go ahead, OneVue said. OneVue said it is working with the receivers and Madison to sell ...

Westpac also owed money by Sargon

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... entities later missed the December quarter's interest payments. The maturity of the loan is understood to be not until next year. A Sargon spokesperson said the company won't be providing comment on the Taiping Trustees default or the Westpac ...