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Managed accounts aid adviser time management

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
... accounts, comprising an average of 33% of their practice's funds under administration. This is expected to rise to 51% in the next three years.

Chief economist update: Forget asking for a pay rise

BENJAMIN ONG  |  FRIDAY, 18 MAY 2018
... provides a confusing picture of the state of the labour market as the chart below shows: It's up one month, down the next or up over the past two or three months and down the next, or vice-versa. A more instructive picture of the state of the Australian ...

PIMCO and Allianz begin hiring spree for new business

ALEX BURKE  |  THURSDAY, 17 MAY 2018
... in Sydney. Speaking to Financial Standard, Stewart said PIMCO was "very excited to be getting close to going live with the next generation of retirement income products." He said that by bringing together the global expertise of Allianz and PIMCO, the ...

Gig economy intriguing millennials: Deloitte

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
... they wish for them to stay. Additionally, 62% of millennials who declared they would leave their current employer in the next two years also said they regarded the gig economy as a viable alternative to full-time employment. Interestingly, seven out ...

Chief economist update: Onwards and downwards to a recession?

BENJAMIN ONG  |  THURSDAY, 17 MAY 2018
... first quarter contraction... but mostly along the lines of "these are preliminary numbers" would be adjusted higher at the next estimate. This one from The Japan Times : "...the latest preliminary numbers, often prone to statistical revision, may actually ...

Two-tier super system emerging: KPMG

HARRISON WORLEY  |  WEDNESDAY, 16 MAY 2018
... end for many small funds. While rationalisation has happened very slowly, we believe the pace will quicken sharply in the next few years." The former AustralianSuper deputy chair and director added that corporate funds would most likely face the greatest ...

Mercer wins super admin mandate

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
... appointed by CareSuper as the fund's administration partner, taking responsibility of customer and fund support services from next year. CareSuper chief executive Julie Lander pointed to Mercer's integrated technology capabilities, highlighting the industry ...

Mental health to transform life insurance: ANZ Wealth

KARREN VERGARA  |  FRIDAY, 11 MAY 2018
... health and wellness, life insurance, Maria Falas, the insurance sector will continue to significantly transform over the next two years in response to the growing mental health issues affecting Australians. Mental health and wellness issues are transforming ...

Perpetual appoints new CEO

HARRISON WORLEY  |  FRIDAY, 11 MAY 2018
... financial services more broadly he has articulated and delivered on clear corporate growth strategies. This will suit our next stage of growth and development of our core offerings including our global initiatives." Adams links with Perpetual from global ...

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
... members and those on the board who shall remain. Wilkins outlined that the constitution of the AMP board would change over the next 12 to 18 months as chairman elect David Murray reconstructs AMP. He added that it was regrettable and unintentional that ...