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Former Arnhem partners join boutiques

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
... competitive advantage and strong ESG characteristics. A third investment professional will join Wright and Maas over the next few months. "Northcape is very pleased to have attracted such high calibre, experienced investment professionals to the firm ...

Advisers need to behave above the law

HARRISON WORLEY  |  FRIDAY, 22 FEB 2019
... Sanders explained the ethical principles underpinning the new code all financial advisers must adhere to by the start of next year. Sanders said the code and the laws administering the conduct of advisers were two different things, drawing on parts of ...

GAM sacks investment director

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
... investors. There remains about $2.1 billion to be liquidated, with GAM anticipating the process will be completed in the next few months. Shortly after the scandal broke, GAM's head of compliance Natalie Baylis left the company after just four months ...

Arming human traders for big-ticket trades

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
... The company's Australia head Kate Weidenhofer said it is targeting 20 local clients for the new software. Doris says the next stage for Discovery will be to use the data from how traders respond to alerts and feed it back into the system to optimise ...

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... period, the following changes apply: Business premium rates reducing for certain customers will receive the reduction at their next policy anniversary; and Business premium rates increasing for certain customers will move to the new rates subject to ...

Ausbil launches dividend income fund

KANIKA SOOD  |  WEDNESDAY, 20 FEB 2019
... buybacks by companies such as RIO and then BHP. We expect large levels of special dividends and buybacks to continue into next year as companies distribute additional franking," he said. Price said taking an active dividend approach can help generate ...

AUM growth subdued to 2025: Bloomberg

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
New research from Bloomberg suggests fee margins of global asset managers will drop 11% over the next six years. Most of the 1950 global asset managers surveyed in the Asset Management Outlook to 2025 provided conservative AUM growth forecasts over ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... advice, life insurance and superannuation sectors, and the distribution model for retail credit," EY wrote in its Where to next report. The recommendations to remove grandfathered conflicted remuneration, reduce life insurance commissions to zero and ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... Treasurer Josh Frydenberg said in a statement. The legislation needs to pass the House of Representatives, which returns next week.

NAB most distrusted bank in Australia

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... pre-eminent brands. "This low level of trust sets a new benchmark for Australia's banks. The real question is what happens next," Levine said. "Without trust there is no civil society. The Australian population has now expressed their anger and distrust ...