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Industry associations merge

KARREN VERGARA  |  FRIDAY, 1 DEC 2017
Two superannuation associations are joining forces to actively engage in thought leadership, shape policy and drive the industry forward. Industry Funds Forum (IFF) has now become part of the Australian Institute of Superannuation Trustees (AIST). IFF ...

NAB advice GM departs in wealth restructure

ALEX BURKE  |  THURSDAY, 30 NOV 2017
NAB's executive general manager of wealth advice has departed in the midst of a restructure of the wealth business. Greg Miller took on the lead role in 2015. Prior to that, he was general manager of MLC Direct and MLC Advice Solutions. He has also ...

Manage wealth with authority: Academic

EMMA RAPAPORT  |  THURSDAY, 30 NOV 2017
The financial services industry needs to be more paternalistic if it's ever going to really help people prepare for retirement, Duke University professor of psychology and behavioral economics Dan Ariely believes. Speaking at the 2017 Association of ...

Life insurance M&A outlook gloomy: Report

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
Despite the flurry of life insurance business sell offs, a new study found global life insurers are overlooking Australia for superior acquisition opportunities elsewhere in the Asia Pacific. Willis Towers Watson's analysis of merger and acquisitions ...

RNY unitholders left unpaid after Aurora scandal

ALEX BURKE  |  WEDNESDAY, 29 NOV 2017
Many unitholders in the RNY Property Trust have yet to be compensated following the takeover by Aurora Funds Management, whose chief financial officer was terminated after $1 million vanished from a listed Aurora trust last weekend, and ASIC has so ...

As one door opens, another closes at FEW

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2017
After 25 years Financial Recruitment Group founder Judith Beck will no longer recruit, opting to instead focus her energy on the rapidly growing association Financial Executive Women. Beck said FRG will continue to consult directly to organisations ...

Advisers require entrepreneurial hat

KARREN VERGARA  |  MONDAY, 27 NOV 2017
... executive Anne Graham urged practice owners at the 2017 Financial Planning Association Professionals Congress to take a close look at how they identify themselves - as a financial planner or a business owner. For some time, Hawthorn-based Graham used ...

No big deal or not yet?

BENJAMIN ONG  |  MONDAY, 27 NOV 2017
Perhaps 'twas because of the Thanksgiving holiday or it could be that everybody and their dogs were busy gearing up for the Black Friday sale that the big drop in China's stock market last Thursday got just a little hoo-ha last week. Even the S&P/ASX ...

Iron ore's ups and downs

BENJAMIN ONG  |  FRIDAY, 24 NOV 2017
... following an extended period of strong investment. Members also noted that Chinese steel production per capita was likely to be close to its peak and that growth in Chinese steel production would not add much to global demand for iron ore in the future". ...

SSGA dismisses ETF bubble concerns

ALEX BURKE  |  WEDNESDAY, 22 NOV 2017
State Street Global Advisors US head of capital markets David LaValle believes the concerns regarding ETFs causing valuation distortions in equity markets are founded in some fundamental misunderstandings about these investment vehicles. Speaking as ...