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PROFILE: Mercer senior partner David Knox

DARREN SNYDER  |  MONDAY, 16 MAY 2016
... it reshaped the way people were thinking about retirement. "When we lodged the prospectus with ASIC they'd never seen anything like it," Knox says. Lifetime Plus is an investment option that is added to an account-based pension. It is a longevity pool ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 13 MAY 2016
Australia inflation expectations If it's anything to go by the latest Consumer Inflationary Expectations Survey released by the Melbourne Institute shows that the Reserve Bank of Australia (RBA) couldn't have cut interest rates soon enough. Recall that ...

ANZ won't make LIF transition until bill is restored

ALEX BURKE  |  FRIDAY, 6 MAY 2016
... that, and some of the exception reporting, too, but until we have actual legislation in front of us, it's hard to do anything else."

Riskier glidepaths could be one retirement answer

DARREN SNYDER  |  TUESDAY, 29 MAR 2016
... adds flatter glide paths likely lead to an individual running out of money sooner. "It's counter-intuitive. If there's anything bad happening in the market they may run out of money very quickly. And, interestingly if nothing bad happens, it might only ...

We've got the power and firepower (still)

BENJAMIN ONG  |  MONDAY, 14 MAR 2016
... banks' firepower and ability to influence market moods and outcomes, the events of the past week showed that CBs are anything but powerless. The Reserve Bank of New Zealand's (RNBZ) unexpected 25 basis point reduction that took the official cash rate ...

Perennial proposes Century restructure

ALEX BURKE  |  MONDAY, 14 MAR 2016
... management fee of 0.75% per annum plus GST on the first $150 million in funds under management, and 0.7% per annum plus GST on anything above. Century and Perennial would work together to "achieve renewal of the current Century board," as Perennial is ...

Advisers have assets test top of mind

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
... clients would much rather hear about any changes to their financial situation from a trusted adviser first. "More than anything, it's about being in a position to inform clients, have a conversation about what the changes mean and manage your clients' ...

Investment analysts overpaid and mostly redundant: Moore

MARK SMITH  |  THURSDAY, 3 MAR 2016
... It's because it's the first thing external people ask. Big asset managers pay these guys a fortune and they don't do anything," he said. "At any one time there're only a few areas of the market that are mis-priced. All the analysts covering the other ...

Another standout economic performance

BENJAMIN ONG  |  THURSDAY, 3 MAR 2016
... be a negative for coming quarters, the strength in household consumption indicates that the Q4 inventory build-up is anything but unwanted). Net exports (exports minus imports) provided no contribution in the fourth quarter with the 0.1 pp contribution ...

Back-office upgrade is front of mind for time-conscious advisers

MICHELLE BALTAZAR  |  WEDNESDAY, 2 MAR 2016
... netwealth application without re-keying information, and then send for a client's e-signature without the need to print anything. Matt Heine, joint managing director of netwealth, said this solves one of the most common issues experienced by advisers ...