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New climate risk government bond index launches

HARRISON WORLEY  |  TUESDAY, 9 JUL 2019
... government finances, with projected expenditure on climate mitigation expected to reach almost $1 trillion a year for the next 30 years according to the United Nations' Intergovernmental Panel on Climate Change," Bocquet said. London Stock Exchange Group ...

Sovereign investors go back to fixed income

KANIKA SOOD  |  TUESDAY, 9 JUL 2019
... slightly its listed equities holdings. "Eighty nine percent of sovereigns anticipate the end of the economic cycle within the next two years. This combined with volatility concerns and the prospect of negative returns from equities has led to increased ...

Deutsche chief to buy shares amid turmoil

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUL 2019
... a significant portion of his wealth in the bank. "I've decided to invest a substantial amount of my fixed salary over the next years," Sewing said. "I am personally putting my money where my mouth is." Sewing stepped into the chief executive role at ...

JANA hires operations lead, boosts workforce

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
... spilt into 74 investment professionals and 26 corporate and support staff. It expects to announce five new hires over the next few weeks. Chief executive Jim Lamborn said: "We aim to empower our clients by leading from the front. To do this we have hired ...

Suncorp named Bank of the Year

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... Infochoice to select winners and finalists. " Money 's Consumer Finance Awards take the guesswork out of choosing your next credit card provider or home loan lender," said Baltazar. "These awards are more important than ever in an environment where ...

Scaled advice tools on the rise

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
Close to 50% of financial advice firms plan to adopt scaled advice technology within the next two years. This is a key finding of the latest AdviceTech report from Netwealth, examining 330 advice firms. According to the report, 47.3% of the firms examined ...

Clime ramps up private wealth

KANIKA SOOD  |  TUESDAY, 2 JUL 2019
... Management chief executive Rod Bristow told Financial Standard. "We are looking to add at least two to three advisers over the next few months to build out our national presence." The advisory side's approved product list includes Clime's stable ...

Advice firm expands to Dubai

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUL 2019
... managing director, Asia Pacific. He will also service the firm's US clients. Evans said: "We are very excited to take this next step in the evolution of Atlas Wealth Managements services by opening our first overseas office in Dubai." He explained ...

Industry funds up premiums

KARREN VERGARA  |  FRIDAY, 28 JUN 2019
Members of two industry superannuation funds will be paying higher group insurance premiums from next week as the Protecting Your Super changes kick into gear. GuildSuper and Childcare Super, which are part of the $1.7 billion Guild Retirement Fund ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
... rates remains on the table. It is not unrealistic to expect a further reduction in the cash rate." But will it be as soon as next week? Australia's big four banks - ANZ, Commonwealth Bank, NAB, Westpac - think the RBA will announce a 25 bps reduction ...