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Investment manager chair retires

DARREN SNYDER  |  FRIDAY, 30 NOV 2018
... one of Australia's largest institutional investors, and a long-time industry superannuation fund advocate, will retire next week. IFM Investors chair Garry Weaven will leave his role at the firm's board meeting on December 4, and after 24 years of ...

Tax treatment of granny flats under review

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
... Government is committed to protecting the rights of older Australians. We have committed an additional $22 million over the next four years to increase front-line services to support those seeking help with elder abuse and we are working with State and ...

Australian philanthropist donates $100m to journalism

DARREN SNYDER  |  THURSDAY, 29 NOV 2018
Sydney will be home to a new journalism institute next year as part of a $100 million commitment to the profession from philanthropist Judith Neilson. The Judith Neilson Institute for Journalism and Ideas will encourage quality and evidence-based journalism ...

Asset managers join diversity program

DARREN SNYDER  |  TUESDAY, 27 NOV 2018
... because it wanted to help increase the number of young women applying for investment roles. "We're determined to inspire the next generation of female investors to seek out these career opportunities by providing visible role models and sharing our career ...

Gender split sees new investment industry focus

DARREN SNYDER  |  TUESDAY, 27 NOV 2018
... likely to outperform on profitability. Separately, AVCAL made two other important announcements at its conference. From early next year the association will be named the Australian Investment Council "to better represent the multiple stakeholders in ...

Lenders must recognise millennial wealth strategies

DARREN SNYDER  |  TUESDAY, 27 NOV 2018
More than 12% of online investors are gearing their investment portfolio and this could double in the next 12 months, the latest Investment Trends study reveals. And millennials are playing catchup. The research house recently released its 2018 Borrowing ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... reason behind fresh speculations that the ECB could launch TLTRO III (targeted longer-term refinancing operations) as soon as next month or early next year - the ECB announced TLTRO I on 5 June 2014 and TLTRO II on 10 March 2016 (expected to mature in ...

Advice group rebuilds following regulatory headwinds

DARREN SNYDER  |  MONDAY, 26 NOV 2018
... said. To this end, Spring FG also sees further growth in its salaried adviser business and real estate operations. In the next 12 months the firm has ambitions to add another 40 to 50 financial advisers to its recently acquired dealer group Wealth Today ...

Chief economist update: Wall Street in drunken sailor's shadow

BENJAMIN ONG  |  MONDAY, 26 NOV 2018
... good. Market down, well...just bring out the list of the opposites...and then extrapolate to "the sky is falling"...until the next day's upturn. Let me take you back because I'm going to the days when the Fed first fired its shot of QE (not strawberry ...

Rice Warner warns against culling value-based advice fees

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... cost financial advice, if value-based fees were to be banned following the Royal Commission. Otherwise, the nation's next retiring generation - the baby boomers - might have to rely on the intra-fund advice accessible through their superannuation ...