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Dealer group launches transition support service

HARRISON WORLEY  |  FRIDAY, 13 DEC 2019
... Planning." Tunkin added she was "passionate" about the launch of the support service, and said she looked forward to its launch next year. "There is much change unfurling within our industry in the wake of the Hayne Royal Commission, particularly in ...

Pendal appoints impact investment team

ALLY SELBY  |  FRIDAY, 13 DEC 2019
... global equity impact strategy coming out of Regnan by late 2020, with seed investment rounds anticipated in the third quarter next year. Through investments in mission-driven companies that provide solutions for unmet social and environmental concerns ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
... complex clients - need to examine their cost base to ensure future sustainability as maximum upfront commissions reduce to 60% next year. Alternatively, they need to change their fee structures. As the complexity of a client's insurance needs increase ...

Industry fund in investment rejig, lead departs

HARRISON WORLEY  |  THURSDAY, 12 DEC 2019
... deep generalist experience", with the hunt for a new deputy chief investment officer and investment manager to begin early next year, with current head of investment strategy Michael McQueen set to exit. LUCRF Super chief investment officer Leigh Gavin ...

Pinnacle buys stake in Coolabah

KANIKA SOOD  |  THURSDAY, 12 DEC 2019
... paying $29.1 million for the interest. An extra $5 million is subject to the Coolabah hitting certain milestones over the next 18 months to four and a half years. The stake is changing hands from the Bennet family's private investment business AMB ...

Chief economist update: Has the Fed conquered the yield curve?

BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... appropriate monetary policy where 13 of 17 foresee no change in interest rates in 2020 and the other four expecting a rate HIKE next year. Financial markets appear to agree and this is consistent with the CME FedWatch Tool that shows majority of market ...

Active ETF review results imminent

KANIKA SOOD  |  WEDNESDAY, 11 DEC 2019
... briefing this afternoon, Financial Standard understands. At today's meeting, ASIC is expected to share its findings and next steps in the review process. The two key points will be: will ASIC lift the ban on admission of new active ETFs and the clarity ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... released in late October - which found that around 59% of directors anticipate weak domestic economic conditions over the next 12 months, compared with only 8% expecting a stronger 2020. The overall sentiment index has dropped to a three-year low of ...

FASEA adds adviser representative to board

JAMIE WILLIAMSON  |  TUESDAY, 10 DEC 2019
... honored to have been appointed to the Financial Adviser Standards and Ethics Authority board to represent our industry for the next three and a half years."

APRA releases MySuper heat map

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... strategic goal of lifting outcomes for superannuation members." APRA confirmed it would update the heatmap in the first half of next year to help trustees assess their level of improvement, but said it currently intends to refresh the heat map "at least ...