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Frydenberg makes big promises for small business

ELIZABETH MCARTHUR  |  TUESDAY, 2 APR 2019
... said. However, Pearson added that he was disappointed that the Government has locked in cuts in permanent migration for the next four years. He said: "It ignores the evidence of the economic benefit of skilled migration and assumes Australia's needs ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... Financial Services is set to cost more than half a billion dollars. The Federal Government has committed $606.7 million over the next five years to facilitate its response to the Royal Commission, including the previously announced funding boosts to ...

Board of Taxation reviews granny flat taxes

ELIZABETH MCARTHUR  |  MONDAY, 1 APR 2019
... Government is committed to protecting the rights of older Australians." "We have committed an additional $22 million over the next four years to increase front-line services to support those seeking help with elder abuse and we are working with State ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... prayin' that "a pick-up in growth in household income is nonetheless expected to support household spending over the next year". But how could it? How could households raise their consumption and spending when wages growth remains muted -- unchanged ...

Industry fund chair joins QIC

JAMIE WILLIAMSON  |  FRIDAY, 29 MAR 2019
The chair of a $70 billion industry superannuation fund will take over as chair of QIC next month. UniSuper chair Ian Martin has been named the new chair of QIC, effective April 1. He succeeds Don Luke who is retiring. Martin brings more than 30 years' ...

Morgan Stanley extends platform partnership

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
... a new agreement, MS Wealth Management will add 2,500 portfolios with international assets to Praemium's platform over the next two to three months. Praemium will also provide portfolio administration and taxation reporting for portfolios with international ...

Zurich Investments shuts down fund

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
... nothing is certain." Amid the change, Drennan expects FUM growth for Zurich Investments to remain relatively stable for the next 12-18 months after which the business will build a three-year strategy. Last month, Zurich Investments awarded DWS a $100 ...

Investors raise alarm on Facebook

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... praise, support and representation of white nationalism and separatism on Facebook and Instagram, which we'll start enforcing next week." Facebook went on to claim that they will become faster at removing "hate" content from feeds with machine learning ...

BetaShares receives Zenith rating

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... equity market at minimal cost." BetaShares A200 has a management fee of 0.07% which the company says is half the cost of the next lowest fee ETF on the ASX with access to Australian shares. The A200 ETF launched around 10 months ago and has amassed over ...

IFM Investors to open new Europe office

KANIKA SOOD  |  TUESDAY, 26 MAR 2019
The $120 billion fund manager is gearing up to open a new European office in the next six months, no matter which way the Brexit deal goes. IFM Investors already has offices in the UK, Berlin and Switzerland. Chief executive Brett Himbury told Financial ...