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Kelly O'Dwyer to leave parliament

HARRISON WORLEY  |  MONDAY, 21 JAN 2019
Former financial services minister Kelly O'Dwyer will retire before the next election. In an announcement on Saturday, Member for Higgins Kelly O'Dwyer said she would not recontest the next federal election, citing personal reasons. "After much agonising ...

CCIV consultation opens

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
The next phase of implementing the Corporate Collective Investment Vehicle regime is open for consolation. Stakeholders have until 28 February 2019 to make submissions on two proposed bills - the tax and regulatory component, and related explanatory ...

Principal appoints Australian country head

KANIKA SOOD  |  THURSDAY, 17 JAN 2019
... Hong Kong, the US and London before returning to Australia. "We thank him for his contributions and wish him well in his next endeavours," West said. Principal Global Investors manages $4.5 billion on behalf of Australian institutional and retail clients ...

No-deal Brexit prolongs market uncertainty

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
... confidence for the UK generally - which is detrimental for the economy. It leaves Britain in an uncertain position with the next steps unclear, Goodsell said. Australian companies with a significant component of their earnings sourced from the UK may ...

Praemium to upgrade platform

KANIKA SOOD  |  WEDNESDAY, 16 JAN 2019
Next month Praemium will roll out major upgrades to its integrated managed accounts platform for advisers and investors. Praemium has upgraded the technology, the coverage of the managed accounts, coverage of investments and user functionality, the ...

PSP ramps up Aussie agriculture investment

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
... outstanding growth underpinned by scale and efficiency." "Now, with PSP Investments, we look forward to succeeding in the next phase of our growth strategy to support our business, employees, customers, suppliers and the broader Australian community." ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
... in the best interest of members," a Morningstar research note said. The final report to come out of the Royal Commission next month will likely further damage IOOF's chances, Morningstar added. "We believe the announced contract changes are designed ...

Willis Re refreshes executive lineup

KANIKA SOOD  |  WEDNESDAY, 16 JAN 2019
... of John and Karl to the Willis Re team in Australia will strengthen our operations in the Australian market to drive our next phase of growth." Willis Re APAC head Mark Morley said: "Both John and Karl will also be part of the regional team and be involved ...

Xinja funds platform for growth

OSKAH DUNNIN  |  WEDNESDAY, 16 JAN 2019
... first equity crowdfund and interest continued to remain strong from previous and new investors who were keen to know when the next raise would be," he said. In October 2018, Xinja announced Brett King, former White House and US Federal Reserve adviser ...

Aussies want budget help: MoneySoft

HARRISON WORLEY  |  TUESDAY, 15 JAN 2019
... are getting tighter for Gen's X, Y and Z, they also won't feel the same career stability enjoyed by past generations. "The next generation is not going to have the same job for 30-40 years," Martin said. "They might work part-time or generate income ...