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RBA downplays likelihood of further rate cuts

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... Philip Lowe has told a forum at the International Monetary Fund that Australia's economy is set to "return to trend growth" next year. Lowe said the expected return to trend growth over the next year will help get the unemployment rate down and gradually ...

GSFM scoops up MLC's stake in Redpoint

ELIZA BAVIN  |  FRIDAY, 18 OCT 2019
... trading functions, will take over as chief investment officer. The company said the change reflects its desire to "elevate its next generation of leadership to drive future growth." MacIntyre said: "GSFM currently has seven fund manager partners, each ...

Fixed income investors spooked by global politics: Fitch

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... investors believe macroeconomic disruptions, most likely due to trade wars, pose more of a threat to bank credit quality over the next 12 months than property-market exposure. "Our 4Q19 survey showed that 23% of investors view the macroeconomy as a critical ...

Next decade of defined contributions crucial: Research

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
New research from the Thinking Ahead Institute indicates that the next 10 years of defined contributions will be crucial to the development of retirement systems all around the world. The Thinking Ahead Institute, which is based in London, said that ...

YouTube fundie ousted, flagship fund to be wound up

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... re-opened," he said. Link anticipates the first capital distributions as a result of the wind up will be paid in January next year. "After we have taken account of any liabilities which the fund owes, and of the costs incurred in the winding up, we will ...

Recognition for industry leader in fight against slavery

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... first reports from investors, companies and super funds under the Modern Slavery Act can be expected in the second half of next year. "There is a risk of some companies taking only a compliant attitude to this. That is a danger," Carlsson-Sweeny said. ...

AFCA gets 1450 complaints a week

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... over 35,000 complaints. If the complaints keep coming at this pace, AFCA may well receive close to 40,000 complaints for the next half of its first year in operation. An AFCA spokesperson said that the authority has boosted awareness due to its national ...

ASX faces challenge on ETF stronghold

KANIKA SOOD  |  TUESDAY, 15 OCT 2019
... issuers, for its newly-listed ETFs. Jokovic said the exchange expects to break even on the investment in ETF listings in the next couple of years but it's very early to say. Revenue from listing and issuer services (for all listings, not just ETFs) ...

No pain, no gain: APRA

HARRISON WORLEY  |  TUESDAY, 15 OCT 2019
... towards the implementation of SPS 515", APRA's prudential standard for improved member outcomes, which commences on January 1 next year. The new standard will see trustees assess the outcomes they deliver members and the performance of their business ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... ASIC will be able to take action against those who fail to do so. Code monitoring was to come into effect at the start of next year too, but given the Government has accelerated the single disciplinary body it appears that plan is no longer in effect. ...