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Zurich appoints APAC CEO from Generali

ALEX BURKE  |  MONDAY, 15 AUG 2016
Zurich has appointed a chief executive for the Asia-Pacific region. Jack Howell joins Zurich from Generali, where he was chief executive, Asia. Prior to that, he was chief executive at Prudential Assurance. He was also a chief executive and director ...

Sell everything (again?)

BENJAMIN ONG  |  MONDAY, 15 AUG 2016
In a week punctuated by disappointing key stats from the world's major economies, something strange in our neighbourhood happened... Wall Street produced a trifecta. The Dow, the S&P 500 and the Nasdaq all closed at record highs on the 11th of August ...

Pension changes will impact retirement adequacy

KERRIE SYDEE  |  FRIDAY, 12 AUG 2016
... concession card which you can only get by being an aged pensioner, your motor vehicle registration is substantially reduced, close to $0, but if you lose your partial pension you now have to pay full cost. So not only have you lost say $4500 a year in ...

SMSF trustees increasing use of planners

DARREN SNYDER  |  FRIDAY, 12 AUG 2016
SMSF trustees are trending upwards in their use of financial planners for the first time since 2007 according to new research jointly released by Vanguard and Investment Trends. The firms' annual self-managed superannuation fund report, which collated ...

Investment manager announces takeover offer

DARREN SNYDER  |  FRIDAY, 12 AUG 2016
Mercantile Investment Company subsidiary, Mercantile OFM, is working through a proposed takeover of shipping services firm Richfield International. Mercantile, an investment manager principally investing directly and through controlled entities in securities ...

Kaplan launches adviser diagnostic tool

KERRIE SYDEE  |  THURSDAY, 11 AUG 2016
Kaplan Professional, in partnership with the University of New South Wales, has launched a new diagnostic tool that will provide a scientifically validated assessment of an adviser's technical knowledge and skill. The tool, Kaplan-UNSW Global Diagnostic ...

NAB appoints custody sales GM

ALEX BURKE  |  THURSDAY, 11 AUG 2016
NAB Asset Servicing has appointed a new general manager, sales and relationships. Ken Shaw joins NAS from Novarca, where he was managing director, Australia and New Zealand. Prior to Novarca, he was head of sales at relationship management at BNP Paribas ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 10 AUG 2016
Australia business confidence Brexit and the close 2 July Australian Federal elections dented Australian business sentiment as could be expected, but only just. The National Australia Bank (NAB) business confidence index eased to a reading of plus 4 ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 9 AUG 2016
ANZ job ads The "increased uncertainty following the close federal election on July 2 and the shock decision by the UK to leave the European Union on June 24" is how ANZ's head of Australian economics Felicity Emmett explained the sharp 0.8% drop in ...

Super changes to widen super gender gap: IOOF

KERRIE SYDEE  |  FRIDAY, 5 AUG 2016
... opportunity to accumulate adequate superannuation savings throughout their working career as men. "Let's at least try to close the gender gap and deliver a standard of retirement that women rightly deserve, and have earned."