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Two senior hires at Integrity

KARREN VERGARA  |  WEDNESDAY, 5 DEC 2018
... prior to this worked at CBA, Westpac and Zurich. Integrity offers group insurance, but will launch its retail product early next year. It is currently conducting the pilot of its retail products and proprietary systems. Managing director Chris Powell ...

Emerging markets must be long-term bet

DARREN SNYDER  |  WEDNESDAY, 5 DEC 2018
... largest asset managers estimates emerging markets equities will outperform developed markets by 2.75 percentage points over the next 10 to 15 years. Releasing its 2019 Long-Term Capital Market Assumptions (LTCMA) in Australia this week, J.P. Morgan Asset ...

Industry fund hires executives

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... Smith. "It's an exciting time for LGS and I'm delighted to welcome Daniel and Brett to the executive team as we embark on the next phase of our development; implementing our long-term growth strategy while continuing to deliver the best possible outcomes ...

Future Fund to manage new drought fund

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
... Finance and the Public Service Mathias Cormann said the fund will kick off with $3.9 billion and grow to $5 billion over the next decade. "From 1 July 2020, $100 million will be directed annually to fund a wide range of drought resilience projects, while ...

Industry Super Australia chair steps down

DARREN SNYDER  |  TUESDAY, 4 DEC 2018
... it is "entirely possible" for the industry funds to have, in aggregate, a 2% asset allocation to agribusiness within the next five years. He said the significant growth in private equity, especially in medical research and sciences will be led by industry ...

Blockchain comes to managed funds

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
... offices - mostly on the client relationship side. It expects to add a team member on the infrastructure development side early next year, in an inter-office move. In the last four years, Calastone has transacted $80 billion over its Australian network ...

For-profit lobbying leads to $53bn problem: AIST

HARRISON WORLEY  |  MONDAY, 3 DEC 2018
... free kicks. The AIST cites RiceWarner research that choice superannuation members stand to lose about $53 billion over the next 10 years, as compared against those invested in a median MySuper product. The AIST fears the pressure on Australia's Age Pension ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
... previous month. Personal credit had consistently decreased over the past 34 months. While the RBA has explicitly stated that the next move in rates would likely be up rather than down and financial markets are betting on the same (whenever that may be) ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... inquiry by reporting on the work of the Commission." The barristers will be working closely with the Commissioner over the next 62 days, as he prepares the final report for a February 1 release.

SuperConcepts chief resigns

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
... "The five-year plan we started is almost complete and SuperConcepts is ready for fresh leadership to take it "through the next phase," she said. "Thanks to my dedicated staff and leadership team for their diligence in serving our customers, and seeing ...