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FS Roundtable: Striking the perfect balance

KARREN VERGARA  |  THURSDAY, 14 NOV 2019
... exists between alternatives and retail clients, Martel believes ETFs have a potential role to play to meet this need. The next evolution for ETFs, he says, is in the alternatives space: bringing non-traditional exposure to the retail market at the right ...

Chief economist update: Lower iron ore a boon to the Aussie budget

BENJAMIN ONG  |  THURSDAY, 14 NOV 2019
... the Budget Papers 2019-20, the Australian Federal Treasury assumed iron ore prices to fall to US$55/tonne this year and the next and at the same time provided a sensitivity analysis that showed: "An increase of US$10 per tonne FOB in the iron ore price ...

ASIC to survey whistleblower policies

ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
ASIC plans to survey whistleblower policies of a sample of companies next year. The regulator said it plans to review the selected companies compliance with the legal requirements outlined in the new whistleblower protection laws. This comes as ASIC ...

Trustee firm expands into fund administration

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... offering, with plans to launch a comprehensive administration solution for the superannuation and funds management sectors next year. The aim of the solution is to replace the existing expensive and cumbersome systems and remove the middlemen, Sargon ...

ASFA strikes back at super detractors

HARRISON WORLEY  |  WEDNESDAY, 13 NOV 2019
... of the MARIA code would allow us to move beyond the fractious debate on adequacy and contribution rates and focus on the next chapter of our unfinished superannuation story," he said. "That chapter will see large pools of patient responsible pension ...

AMP dealer group head departs

ELIZABETH MCARTHUR  |  TUESDAY, 12 NOV 2019
... "Financial planning is a vital part of Mortgage Choice's future and I look forward to seeing Dean take the business into its next chapter of growth," Mitchell said. "Dean's experience in strategic direction and business transformation will play a vital ...

Chief economist update: The A$ will answer the question of how much more

BENJAMIN ONG  |  TUESDAY, 12 NOV 2019
... February 2020 or as early as December this year. Maybe not that soon but the SoMP confesses to at least another rate reduction next year. "The domestic forecasts are conditioned on the technical assumption that the cash rate moves in line with market ...

FPA Congress could be biggest yet

ELIZABETH MCARTHUR  |  MONDAY, 11 NOV 2019
... Congress as the place to be," De Gori said. "We already have 70 students registered as part of an initiative to engage the next generation of financial planners." The FPA has a dedicated team to boost student engagement. Students can attend the congress ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... said. The Westpac boss also warned of the effects of growing "red tape" which he said is restricting business investment. Next year, Westpac will spend around half of its investment budget staying on top of regulatory obligations, he said. "In 2020 ...

APRA begins super data transformation efforts

HARRISON WORLEY  |  FRIDAY, 8 NOV 2019
... collection. APRA will respond to the first phase of consultation and finalise changes to its reporting changes by midway through next year, with the first tranche of data collected under Phase One due for publication by late-2020. Scheerlinck said the ...