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Half of Australian households will be retire ready

EMMA RAPAPORT  |  TUESDAY, 7 FEB 2017
... comfortably. "The good news is that many Australians who may not currently be on track for a comfortable retirement are very close," CBA executive general manager advice Linda Elkins said. "A little bit of planning could see them reach the comfortable ...

Rothschild snaps up former Goldman Sachs exec

JAMIE WILLIAMSON  |  TUESDAY, 7 FEB 2017
... Co-heads of Rothschild Australia, Marshall Baillieu and Gareth Cope, welcomed Acton's appointment in a joint statement. "The close relationships with institutional investors which David brings with him, building on the success of our European franchise ...

VicSuper appoints new chair

JAMIE WILLIAMSON  |  TUESDAY, 7 FEB 2017
VicSuper named a member director as its new chair. Christine Stewart, a member director on the VicSuper board for seven years, has succeeded Bruce Hartnett as chair following his retirement on 31 December. The $17 billion fund also appointed employer ...

J.P. Morgan bullish on several asset classes

DARREN SNYDER  |  MONDAY, 6 FEB 2017
... we look at a chart of global growth you can see it's been trapped between a two and 3% range. We think we're going to get close to the top of that range this year but we feel like there are significant structural headwinds, which mean the chances of ...

Asset manager profits under pressure

ALEX BURKE  |  MONDAY, 6 FEB 2017
... than the global economy. Second, the era of monetary policy instruments being the "policy tool of choice" has come to a close with central banks having diminishing impact on domestic economies. Finally, while share of profits in GDP has eclipsed share ...

Three for three

BENJAMIN ONG  |  FRIDAY, 3 FEB 2017
... first half of 2018, before falling back gradually to 2.4% in three years' time. Inflation is judged likely to return to close to the target over the subsequent year." "Attempting to offset fully the effect of weaker sterling on inflation would be achievable ...

Nikko Australia appoints COO

EMMA RAPAPORT  |  THURSDAY, 2 FEB 2017
Nikko Asset Management has appointed former head of its global product promotions division in Singapore to chief operations officer for Australia. Peter Lynn's senior leadership role will give him specific accountability for operations, technology ...

Scale advantage in SMSF performance

JAMIE WILLIAMSON  |  THURSDAY, 2 FEB 2017
SMSFs with balances of $200,000 or more perform better than those with smaller balances. According to new research from SuperConcepts and the University of Adelaide's International Centre for Financial Services, large SMSFs perform better because they ...

State Street star promoted

JAMIE WILLIAMSON  |  THURSDAY, 2 FEB 2017
One of State Street Global Advisors' most well-known fund managers will relocate to Boston to take up a leading role. Olivia Engel, head of active quantitative equity for Asia-Pacific, has been appointed as deputy chief investment officer of SSgA's ...

Australian pension market grows

JAMIE WILLIAMSON  |  WEDNESDAY, 1 FEB 2017
Australia is the fourth largest pensions market in the world, having surpassed Canada at the close of 2016. Willis Towers Watson's Global Pension Assets Study shows that Australia's higher aggregate weight to Australian cash and lower weight to bonds ...