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Vicinity Centres partners for $1bn wholesale property fund

KANIKA SOOD  |  MONDAY, 6 AUG 2018
... and development services for the shopping centres in the new fund. The fund is being marketed with a 2019, first quarter close. Vicinity's new fund follows company strategy to divest from non-core assets. This particular fund is expected to reduce ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... and 35 years of age. The majority of calls have been received from New South Wales, with Western Australia and Queensland close behind. Describing financial abuse as a hidden epidemic, CBA is committing about $20 million in prevention and support initiatives ...

Digital advice, fintech firms merge

KANIKA SOOD  |  FRIDAY, 3 AUG 2018
A B2B digital advice firm co-founded by a former Vanguard Australia executive has merged with a retiree advice platform founded by a former Challenger distribution head. In a deal finalised this morning, SuperEd merged with Retirement Essentials. SuperEd ...

ASIC identifies potential risks in ETP market

KANIKA SOOD  |  FRIDAY, 3 AUG 2018
... generally good shape: trading is generally liquid, bid-offer spreads are narrow and secondary market prices are generally close to the NAV of ETP units. However, this did not necessarily apply to all ETP products, at all times. "In particular, we observed ...

Global pension fund injects $500m into Aussie real estate debt

HARRISON WORLEY  |  THURSDAY, 2 AUG 2018
... Challenger, the fund will make transactions with a loan size between $25 million and $150 million, with the first expected to close in August. Challenger added it was its experience managing real estate debt over the past eight years which led to the ...

Last chance to participate in the annual FS Managed Accounts Survey

MICHELLE BALTAZAR  |  WEDNESDAY, 1 AUG 2018
Financial Standard is calling on financial advisers to have their say in an annual managed accounts survey, after research shows a spike in the number of products and services launched since last year. Listed wealth management groups HUB24, Netwealth ...

AustralianSuper tax specialist heads to fintech

KANIKA SOOD  |  WEDNESDAY, 1 AUG 2018
A wealth management software provider has hired a senior analyst from AustralianSuper, as it builds out its suite of tax products and their distribution. Elly Grace is joining GBST as a client relationship manager and a tax SME on its tax solutions ...

Former Arnhem executive takes new role

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
... newly created role of head of business development, international equity strategies at Ellerston Capital. Stobart served close to four years at Arnhem, having joined from Perpetual where he was a senior investment specialist. He has also previously held ...

Chief economist update: At the core-core of it

BENJAMIN ONG  |  TUESDAY, 31 JUL 2018
... outcomes that are certain to negate the central bank's efforts to lift the country's inflation rate to at least close to its 2% target. The latest Japanese inflation figures show that the growth rate in consumer prices in Japan are still nowhere ...

Retirement planning is a personal responsibility

HARRISON WORLEY  |  FRIDAY, 27 JUL 2018
... saying they were not optimistic. Additionally, 38% surveyed in SSGA's global retirement study said their savings wouldn't get close to what they need in retirement. People approaching retirement were only a little less pessimistic, with 26% of Australians ...