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IRESS general manager joins advice group

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
The former general manager of tailored solutions at IRESS is now leading a boutique financial advice group. Andrew Wootton has been appointed general manager of FYG Planners, following more than 11 years at IRESS. Bringing more than 30 years' experience ...

Swiss group acquires stake in local wealth firm

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
A Swiss private banking group has bought a 51% share in an Aussie wealth firm, as the two form a long-term strategic partnership to expand globally. EFG International paid $61.2 million for the stake in Shaw and Partners, valuing the company at $120 ...

Investors stick with managed accounts despite volatility

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
Latest research shows inflows pushed managed accounts through strong headwinds in the second half of 2018. The Institute of Managed Accounts Professionals' latest six monthly Managed Accounts FUM Census shows net fund inflows in the second half of last ...

AMP Capital scores AFL stadium interest

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
With the launch of the new footy season just around the corner, AMP Capital has made a big play in Perth's Optus Stadium, home to AFL clubs Fremantle Dockers and West Coast Eagles. The investment manager has acquired a 50% interest in Westadium ...

Sole purpose test divides industry

HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... enforcement following the Royal Commission. "ASIC is going after the banks. What about industry funds that are remarkably close to contravening the sole purpose test?" he asks. Speaking to Financial Standard, Daniel said the scheme has the potential ...

Super rules must support women: AIST

KANIKA SOOD  |  FRIDAY, 8 MAR 2019
The Australian Institute of Superannuation Trustees renewed calls for superannuation legislation to be stepped up to close the gender gap in retirement savings. AIST chief executive Eva Scheerlinck outlined the body's four-step plan to address the ...

Up close and personal: Women in financial services

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
From chief executives to chief underwriters, risk advisers to mental health and consumer advocates, here are the stories of six women in financial services you should know about. Financial Standard has profiled six women from different parts of the ...

Consultation opens for claim handling changes

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... carefully consider all submissions before deciding on the final proposal to be implemented." Consultation is now open and will close on March 29.

Chief economist update: Time to pig out on China shares?

BENJAMIN ONG  |  MONDAY, 4 MAR 2019
... "Bloomberg cited people familiar with discussions who said most or all US tariffs on China likely to be lifted as two sides close in on a trade deal. WSJ said talks have progressed to a stage where a formal agreement could be reached at a probable 27-Mar ...

Angel investor makes first Australian bet

KANIKA SOOD  |  FRIDAY, 1 MAR 2019
... of Nexba's Series A capital raise on Venture Crowd. It closes in three days and has raised $5.4 million of the $6 million close.