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Pinnacle announces latest partnership

DARREN SNYDER  |  MONDAY, 30 MAY 2016
... after a collective 39 years in the investment and small cap and micro-cap sectors, the team has a track record of generating top quartile returns at relatively low risk. Pinnacle director Adrian Whittington said: "We are delighted to welcome Marcus ...

Group risk premium inflows up 6.9%

MARK SMITH  |  FRIDAY, 27 MAY 2016
... from $32 billion industry super fund Cbus. The firm's market share has risen to 26.4% of the market, tied with AIA at the top of the league tables. CommInsure, MetLife and NAB/MLC round out the top five with 12.2%, 9% and 8.5% of market share respectively. ...

Investment committees must consider culture

DARREN SNYDER  |  FRIDAY, 27 MAY 2016
... assessed or measured. Recently researching 20 financial services organisations picked for their interesting culture and access to top people, Urwin said he was let down by what those conversations gave on culture. He said there wasn't a coherent language ...

Super changes about sustainability: O'Dwyer

KELLY O'DWYER, ASSISTANT TREASURER AND MINISTER FOR SMALL BUSINESS  |  FRIDAY, 27 MAY 2016
The Government is committed to ensuring the super system is sustainable, flexible and has integrity. The objective of superannuation, as recommended by the Financial System Inquiry, is 'to provide income in retirement to substitute or supplement the ...

Australian trust in financial services low

KERRIE SYDEE  |  THURSDAY, 26 MAY 2016
... disclosure was also important to investors, with 80% of retail investors citing fully disclosed fees and other costs as their top priority when working with an investment firm. For institutional investors acting ethically in all interactions scraped ...

Diversity among ASX companies slowly improves

KERRIE SYDEE  |  WEDNESDAY, 25 MAY 2016
Just over one quarter (26%) of non-executive directors of Australia's top 200 companies are female, an increase of 4% from 2013, according to new research by KPMG Australia for the ASX Education and Research Program. The KPGM report, which began in ...

Vanguard launches Australian corporate bond ETF

MARK SMITH  |  WEDNESDAY, 25 MAY 2016
... largest banks, overseas banks, other lending institutions and property trusts, for an annual management fee of 0.26%. The fund's top holdings includes bonds from Commonwealth Bank of Australia, National Australia Bank, Australia and New Zealand Banking ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 25 MAY 2016
US Richmond Fed manufacturing index The Richmond Fed manufacturing survey, like the Empire State and Philly Fed manufacturing surveys released before it, is considered second-tier and like them, the latest update indicated slowing manufacturing activity ...

Aussies unsure about super contributions

DARREN SNYDER  |  WEDNESDAY, 25 MAY 2016
... rate they're receiving," Whatley said. Despite this uncertainty, having enough money to fund retirement was considered the top financial dream for Generation X and Baby Boomer participants in the survey. For Gen Y the top financial dream was having money ...

Minutes to disaster

MARK SMITH  |  MONDAY, 23 MAY 2016
... And China? And don't forget the US itself. The stronger US dollar is bad news for US exporters - competitiveness erosion (on top of renewed slowing in emerging markets and China), lower repatriation profits - and imported low-flation. The 25 bps hike ...