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Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... spur an exodus, with research suggesting as many as 30% of financial advisers will either retire or exit the industry in the next three years. This is an abstract of a story first published in the latest print issue of Financial Standard. You can view ...

Chief economist update: RBA repeats history

BENJAMIN ONG  |  FRIDAY, 22 MAR 2019
... the unemployment rate is at 5 per cent. A further decline in the unemployment rate to 43/4 per cent is expected over the next couple of years." But hold your horses! Temper you enthusiasm! The decline in the unemployment rate in February was due to the ...

Financial Standard names editor

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
... traffic has grown by 36% under her stewardship. Commenting on the leadership change, Snyder said: "I'm excited to take the next step in Rainmaker's growth story in my new role at Money. It's been a privilege working with the team at Financial ...

Rainmaker Group acquires Money magazine

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... (senior sub-editor), Debra Duncan (senior sub-editor) and Simon Park (brand manager) will move to Rainmaker's offices from next week. Paul Clitheroe will remain chairman and chief commentator for Money. New editor-in-chief of Money, Michelle Baltazar ...

Listed infrastructure to hit double digits: CBRE

KANIKA SOOD  |  THURSDAY, 21 MAR 2019
... that took over a slice of UBS Asset Management's assets in December says listed infrastructure could return 12-14% in the next 12 months, the Financial Standard Advisers Big Day Out heard. Speaking at the Sydney leg of Financial Standard's annual roadshow ...

Hostplus partners to launch PE emerging managers program

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... Partners invest - on behalf of the fund - in the first, second or third funds of US mid-market private equity managers over the next three years. Hostplus chief investment officer Sam Sicilia said: "For Hostplus, developing and maintaining long-term ...

Chief economist update: Fed on ice

BENJAMIN ONG  |  THURSDAY, 21 MAR 2019
... 2020. The Fed revised higher its median forecasts for the unemployment rate to 3.7% (from 3.5%) in 2019 and 3.8% (from 3.6%) next year. This is not to say that the Fed is wrong in deciding what it decided on, but merely to point out financial market ...

IFM Investors acquires super fund-owned port

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2019
... business well positioned to serve the needs of this dynamic region and wish the new shareholders well as they embark on the next phase of the port's growth story." It represents PSA's first investment in Eastern Europe, with the group saying it is looking ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... industry conference yesterday that the consultation period for the regulator's updated remuneration standard will begin in the next quarter. The new standard will be "primarily focused on outcomes." Performance assessment will have to reflect consideration ...

Neilsons sell 10% of Platinum

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
... delivering strong investment results for our clients," Cole said. The two will not voluntarily sell any future PTM stock for the next 12 months, the statement said. Neilson said he will remain on the board and participate in the investment team's daily ...