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Wealthier Aussies seeking advice

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JUL 2018
... With a market average of 9.7%, those earning more than $130,000 (55.1%) are far more likely to seek financial advice. The next most likely demographic is baby boomers (18.5%), followed closely by over-50s (16.6%) and pre-boomers (15.8%). This is followed ...

Alternative trading platform appoints insto sales head

HARRISON WORLEY  |  WEDNESDAY, 18 JUL 2018
... Tristan Baldwin was tapped to lead Asia-Pacific sales for the institutional dark pool network. His remit was to oversee the next phase of growth in dark liquidity and institutional algorithm trading businesses at Liquidnet. Earlier this year, Liquidnet ...

Chief economist update: The Goldilocks rate of interest

BENJAMIN ONG  |  WEDNESDAY, 18 JUL 2018
... funds rate approximation is incorrect (or my calculations are) but it helps explain the flattening yield curve. When the Fed next lifts interest rates (to 2.25%) and depending on the yield curve's reaction we'll find out the accuracy of the Taylor ...

Soaring funeral costs require adviser airtime

KARREN VERGARA  |  MONDAY, 16 JUL 2018
... putting funeral wishes in their wills. While this is useful, Hacker said, it is "more important to make sure your loved ones or next of kin know what you want." Unfortunately, at times a funeral has already taken place before the will is looked at, she ...

Sovereign investors change tack: Invesco

KANIKA SOOD  |  THURSDAY, 12 JUL 2018
... changing role for equities in their asset allocation. 47% of APAC investors expected to decrease equity holdings over the next few years (versus 37% among all respondents globally), and only 13% expect to increase exposure (versus 25% among global respondents). ...

Managed accounts expert expands new platform

KARREN VERGARA  |  WEDNESDAY, 11 JUL 2018
... is in its early days, Storm said the super fund is live and gaining traction and looking to enhance this product over the next six months. Equity Trustees acts as the trustee. Spitfire is looking to expand its capability into super, as well as its offerings ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... services providers, wrapped up in Darwin last Friday. Senior Counsel Assisting Rowena Orr said in her closing remarks that the next round will focus on the broader superannuation industry, but will delve further into the difficulties Indigenous people ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... directing consumers to log on to their mobile phone banking apps while on the call to confirm their banking payment details." Its next major concern was the high cancellation rates within the cooling off period, and lapses within the first 12 months ...

Balanced portfolios better than chasing winners: Research

HARRISON WORLEY  |  FRIDAY, 6 JUL 2018
... performances change so frequently that a top performing class in one year might be at the bottom of the performance tables next year. The firm cites residential property and global shares as examples of asset classes which went from champion to chump ...

Chief economist update: Minutes of concerns

BENJAMIN ONG  |  FRIDAY, 6 JUL 2018
... spending. Participants generally continued to see recent fiscal policy changes as supportive of economic growth over the next few years, and a few indicated that fiscal policy posed an upside risk. A few participants raised the concern that fiscal policy ...