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ETFs attracting more money than LICs

KANIKA SOOD  |  MONDAY, 15 OCT 2018
... SMSF channel. While some IPO advisers say advisers are now taking up an equal share of LIC IPO floats as the brokers. What's next? Vynokur said the ETF market will continue its trajectory of growth, becoming the favored investment vehicle of the two. ...

Chief economist update: Blame and trim

BENJAMIN ONG  |  MONDAY, 15 OCT 2018
... three hikes completely factored in as recently as Tuesday, based on overnight index swaps. Meanwhile, the probability of the next rate increase happening by the end of this year has dropped to 76% from around 81%."

Advisers: Keep your clients off A Current Affair

JAMIE WILLIAMSON  |  FRIDAY, 12 OCT 2018
... comments came after he warned delegates of an impending recession, which he believes could take hold in 2020, rather than next year. "It is a late cycle world, there will be a recession at some point in the next few years," he said. "2020 seems like ...

FPA appoints new chair, director

KANIKA SOOD  |  FRIDAY, 12 OCT 2018
... delighted to be handing over the reins to Marisa. She will make an outstanding chair and has the skill and vision to lead the next chapter of the FPA's professional journey. Her experience running her own financial planning practice in Sydney for the ...

Are ETFs really the next smartphones?

DARREN SNYDER  |  FRIDAY, 12 OCT 2018
... Lake said. Speaking to the active ETF segment, Lake officially launched JPMAM's first active equity ESG UCITS ETFs. From next week they will trade on several European stock exchanges with a total expense ratio of 25 basis points. During his half-hour ...

AFA remains steady ahead of FASEA reforms

JAMIE WILLIAMSON  |  THURSDAY, 11 OCT 2018
... at the moment with the Royal Commission and FASEA, we just want that consistency of leadership," Bineham said. "This time next year, we will know what is happening in terms of education and we'll know what the advisers are feeling about it but to leave ...

CBA releases remediation scorecard

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... planning and committed multi-year budgets going forward," the report said. This is Promontory's third quarterly report; the next one is due in December.

Can Hollywood turn advice mainstream?

MICHELLE BALTAZAR  |  THURSDAY, 11 OCT 2018
... clients. Give them the celebrity treatment and that will start to build a new culture [within your advice business]. Then the next day, do it for two clients, and so on," he said. "That's how you fill the celebrity service gap." "I agree with Geoff's ...

Financial literacy critical to European retirement

DARREN SNYDER  |  THURSDAY, 11 OCT 2018
... each of the six regions surveyed said a lack of understanding was a reason for not investing. Fear of volatility (22%) was next on the list. Speaking to a group of international media in London on Wednesday, J.P. Morgan Asset Management head of Europe ...

Advice is the business to be in: Salt

HARRISON WORLEY  |  WEDNESDAY, 10 OCT 2018
... will see from 2025 onwards is the greatest wealth transfer in history, as Baby Boomers start to transfer their wealth to the next generation."