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Robo-advice not dead: GlobalData

HARRISON WORLEY  |  MONDAY, 3 SEP 2018
... analyst suggested robo-adviser may be ahead of their time, given high net-worth demand for robo-advice is on the rise among the next generation of investors. "While robo-advice is here to stay, it will take time to cement itself. The digitally-savvy ...

Confidence remains in face of regulatory headwinds

JAMIE WILLIAMSON  |  FRIDAY, 31 AUG 2018
... clients was cited by about 18% respectively. Aiding this, 27% of asset managers expect their greatest investment over the next 12 months to be in data analytics. "Data is the 'new oil' for financial services. The industry has seen the escalation of roles ...

Nikko launches global disruption fund

HARRISON WORLEY  |  FRIDAY, 31 AUG 2018
... leaders, enablers and beneficiaries" of innovations focused on robotics, automation, energy storage, genomic sequencing and next generation internet technologies. Nikko said ARK's definition of disruptive innovation was the introduction of a technologically ...

Kapstream renews industry fund relationship

DARREN SNYDER  |  THURSDAY, 30 AUG 2018
... investment grade securities and will offer daily liquidity. "We expect domestic interest rates to remain little changed over the next year or two, requiring managers to think more laterally about generating extra absolute returns for those investors ...

Future Fund delivers 9.3%, increases risk moderately

KANIKA SOOD  |  WEDNESDAY, 29 AUG 2018
... clear that some of banks have behaved poorly," Costello said. "We want to know where the regulator was. I think that's the next step of Royal Commission to find out why the regulator wasn't [paying attention]," he said. Since its 2006 inception, the ...

TAL waives life premiums for drought-stricken farmers

KANIKA SOOD  |  TUESDAY, 28 AUG 2018
... many have been impacted by the drought," it said in an emailed response. TAL is due to appear at the Royal Commission's next round alongside other life insurers including: AMP, ClearView, CommInsure and Freedom Insurance, starting September 10.

CFA Australia names first chief executive

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... content, publishing, IT and marketing. CFA Society Sydney president Ganesh Suntharam said: "This appointment marks an important next step in the evolution of our local societies." "Our societies primarily operate as volunteer run, not-for-profit organisations. ...

MetLife partners with industry fund for digital tool

HARRISON WORLEY  |  TUESDAY, 28 AUG 2018
... they most need it most." MetLife said the move was in anticipation of the mandated introduction of open banking in Australia next year, characterising the platform as an example of "open insurance". The platform was built using application programming ...

Industry fund recognised for data security expertise

DARREN SNYDER  |  TUESDAY, 28 AUG 2018
... management capabilities, winning a multi-billion dollar bid to operate Victoria's land titles and registry business for the next 40 years. First State Super will pay the Victorian Government $2.86 billion to establish Victorian Land Registry Services ...

NAB operations lead resigns

JAMIE WILLIAMSON  |  TUESDAY, 28 AUG 2018
... UK." In regards to Slade's new role, Thorburn added: "I am delighted to ask Rachel to take on this role while I consider the next steps." Commenting on his own departure, Cahill said NAB has become a stronger, more customer focused bank in recent years ...