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Eurozone low-flation to 2020

BENJAMIN ONG  |  WEDNESDAY, 20 DEC 2017
... most recent forward guidance indicating that euro area interest rates will remain on ice until at least the third quarter of next year. Headline inflation accelerated to 1.5% in the year to November from 1.4% in the previous month, unchanged from the ...

Ho ho hum MYEFO

BENJAMIN ONG  |  TUESDAY, 19 DEC 2017
... A$23.6 billion (1.3% of GDP) in yesterday's MYEFO - and a cumulative total decrease in the deficit of A$9.3 billion over the next four years. That ever-elusive surplus is still expected to be reached by FY2020-21 amounting to A$10.2 billion (0.5% of ...

Fee-for-service faces ultimate risk test

DARREN SNYDER  |  TUESDAY, 19 DEC 2017
... 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 ...

BTFG head of platforms to depart

JAMIE WILLIAMSON  |  TUESDAY, 19 DEC 2017
... the business. A spokesperson for the group confirmed the resignation of Kelly Power, wishing her the best of luck in her next chapter. "We thank Kelly for the outstanding contribution she has made to our organisation over a number of years," a spokesperson ...

Spring FG acquires $200m dealer group

ALEX BURKE  |  MONDAY, 18 DEC 2017
... and a two-year interest-free convertible note with a conversion price of 25c per share. Subject to EBITDA targets over the next 12 months, major Wealth Today shareholders may also be entitled to a further $533,000, which would be added to the convertible ...

IOOF research boss tenders resignation

ALEX BURKE  |  MONDAY, 18 DEC 2017
... who took over the company's research functions in early 2015 after the acquisition of SFG Australia, will leave in March next year. Matthew Drennan took on the head research role around the same time IOOF had commissioned PwC to conduct a review of its ...

Amazon still an early-stage company: Fundie

DARREN SNYDER  |  MONDAY, 18 DEC 2017
... opportunity is autonomous transport. ARK Invest projects autonomous taxi networks will deliver $2 trillion in revenues late next decade. The investment manager believes Tesla is leading the charge when it comes to autonomous vehicles and Google is closely ...

Expecting the expected

BENJAMIN ONG  |  MONDAY, 18 DEC 2017
... drag on aggregate demand stemming from fiscal consolidation" and raise GDP growth by about 0.3 percentage points over the next three years. The UK remains a standout for unlike most other economies it's inflation rate is above the BOE's target rate (3.1% ...

Fiducian acquires three client books worth $40m in FUA

ALEX BURKE  |  FRIDAY, 15 DEC 2017
... Fiducian's managing director, Indy Singh, transitioning to an executive chair role. The transition will take place over the next three years as part of the firm's succession planning strategy. Indy Singh has served as managing director since establishing ...

What do you want to see in Financial Standard?

STAFF WRITER  |  THURSDAY, 14 DEC 2017
Next year, Financial Standard plans to improve its news coverage based on the outcome of an annual readership survey released this morning: Readership Survey. While the survey is open until January 19 next year, here are some of the initial findings ...