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Chief economist update: Bond sell bomb shell

BENJAMIN ONG  |  THURSDAY, 11 JAN 2018
... among advanced economies. The World Bank sees growth in the advanced economies as a whole slowing from 2.3% in 2017 to 2.2% next year, 1.9% in 2019 and 1.7% in 2020. It estimates the US economy advancing from 2.3% last year to 2.5% in 2018 before slowing ...

Former Perpetual manager moves to advice firm

EMMA RAPAPORT  |  WEDNESDAY, 10 JAN 2018
... said. "With the current growth trajectory that Infinity is on we felt as if we needed to take our professionalism to the next level and that's where Lisa comes in." Masson founded Infinity Wealth two years ago after a 15-year relationship with Morgans ...

US advisers shifting to international equities

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2018
Financial advisers in the US will increase allocations to actively managed non-US equity funds over the next six months, a new survey shows. One-third (34%) of the 778 advisers canvassed by Advisor Perspectives said they will allocate 3% or more of ...

Only way is up for global economy: Baur

DARREN SNYDER  |  TUESDAY, 9 JAN 2018
... economy. Depending on how you calculate it, world growth is in the 3.5% range or maybe a little more and it could pick up in the next couple of quarters," he said. "If you look at the OECD - they track 45 countries - and I believe at last count all 45 ...

Leading tech company farewells NZX

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2018
... business on the same day. In November of last year, Xero announced it would consolidate its listing on the ASX as part of its next phase of growth. Despite remaining headquartered in Wellington and domiciled in New Zealand, Xero said the decision to ...

Life insurance inflows stable: Research

KARREN VERGARA  |  MONDAY, 8 JAN 2018
... advisers will no longer be able to receive 120% upfront commission on the implementation of a life insurance policy. Over the next three years upfront commissions will halve to 60% and ongoing commissions will be capped at 20%. Then there is the new ...

AZ NGA practice acquires regional advice firm

JAMIE WILLIAMSON  |  MONDAY, 8 JAN 2018
... team, before retiring. In 2013, Eureka merged with Whittaker Macnaught and in 2015 became the founding Australian firm of AZ Next Generation Advisory. It has since grown to nine financial advisers in a team of 21 employees. Cook described the firm as ...

Power to join Colonial First State

EMMA RAPAPORT  |  THURSDAY, 21 DEC 2017
... Spring, effective this month. A spokesperson for BTFG confirmed Power's resignation and wished her the best of luck in her next chapter. "Kelly has built a brilliant team who are highly capable with an in-depth understanding of the market, product and ...

Industry names team up for cryptocurrency fund

JAMIE WILLIAMSON  |  THURSDAY, 21 DEC 2017
... the Cayman Islands, the actively traded cryptocurrency and initial coin offering fund is aiming to raise $50 million in the next 12 months. The fund also includes an administrator, custodian and auditor that provide a level of independent, institutionalised ...

Pre-Christmas delivery

BENJAMIN ONG  |  THURSDAY, 21 DEC 2017
... in the year to October and the core at 1.5%. The Fed projects (in its December meeting) core PCE price inflation of 1.9% next year and 2.0% in 2019. This is good news as it implies that the Fed would stay the course towards its gentle three 25 basis ...