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Collaboration needed for AI and machine advice programs

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... statement. He believes industry documentation must be standardised, citing machine limitations in character recognition. "Over the next 12 months, the industry needs to see this as an opportunity to be much clearer and crisper in its documentation and ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... As per the article: "The Reserve Bank has previously warned A$500 billion in interest-only loans are set to expire in the next four years, causing a significant jump in repayments of 30-40% when borrowers are forced to start paying back the principal." ...

Fed steady with a slight chance of a rate cut

BENJAMIN ONG  |  THURSDAY, 10 JAN 2019
... remain unchanged through to the end of 2019 - with a small chance that the Fed could CUT rates by 25 bps this year or the next.

Hiring continues but wage growth under pressure

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... and the state of the property market has not dampened the financial services sector's positive hiring intentions over the next three months, recruitment firm ManpowerGroup says, but there are challenges. The finance, insurance and real estate sectors ...

Andrew Hagger to lead investment, philanthropy group

JAMIE WILLIAMSON  |  WEDNESDAY, 9 JAN 2019
... businesses with impactful philanthropy," he said. "Nicola and I look forward to redoubling our efforts to raise Minderoo to the next level of growth."

Why the RBA has reason to cut rates in 2019

BENJAMIN ONG  |  WEDNESDAY, 9 JAN 2019
... Reserve Bank rate hike forecast to 2020 from 2019" (Australian Financial Review) and "ANZ abandons its call for RBA rate hikes next year as the property downturn becomes longer and larger" (Business Insider Australia) - both published in late 2018. With ...

BlackRock and Microsoft develop retirement platform

HARRISON WORLEY  |  TUESDAY, 8 JAN 2019
... with BlackRock's investment capabilities in the pursuit of a new platform which BlackRock will offer in connection with "next generation investment products" the firm will design and manage. BlackRock said its new products would be designed to provide ...

MetLife Australia wins tech award

KANIKA SOOD  |  TUESDAY, 8 JAN 2019
... teams. However, at this stage, the focus was on collecting claims information. "It wouldn't be a far reach to say that the next phase would be to use this information," Batten said. The focus this year for MetLife's Australia team will be to ...

Retail investors see limited upside in 2019

KARREN VERGARA  |  MONDAY, 7 JAN 2019
... 2195 investors canvassed in the monthly Investor Intentions Index forecast the Aussie share market will grow 0.3% in the next 12 months. Investment Trends research director Recep Peker said the December quarter of 2018 was the most bearish quarter since ...

Super funds edge towards a flat 2018

DARREN SNYDER  |  THURSDAY, 27 DEC 2018
... mattered. In the 12 months to 31 October 2018, the First Super Employer - Balanced option came out on top, returning 8.1%. Next was Media Super - Balanced and Statewide Super - MySuper, both returning 6%, while NGS Super - Diversified (MySuper) and Hostplus ...