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T. Rowe Price expands local distribution team

EMMA RAPAPORT  |  THURSDAY, 14 DEC 2017
... and downside risk management from across the global spectrum." "We remain intensely focused on taking our operation to the next level." he added.

HNWI financial advice demand falls: Research

KARREN VERGARA  |  THURSDAY, 14 DEC 2017
... sixth-highest number globally. The report said the number of millionaires in Australia is forecast to grow by 46% over the next five years, to about 1.7 million.

Government expert panel hands down proposed education standards for existing advisers

JAMIE WILLIAMSON  |  THURSDAY, 14 DEC 2017
... of providing early guidance to existing advisers, to assist them to plan for their education and compliance goals over the next six years." A consultation framework is expected to be released early in the New Year with the consultation period expected ...

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... this, the Fed's 'hint' at where it's taking interest rates takes on a greater importance and it's going to be another three next year and three more in 2019. These are predicated on GDP growth of 2.5% for 2018 and 2.1% in 2019 (up from September's forecasts ...

Boutique wealth manager hires banking executive

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2017
... Quentin Reeve said: "The Koda team and I are looking forward to working with Jonathan to take our Victorian business to the next level." Prior to Bank of Melbourne, Ayers spent almost a decade with NAB, including as head of financial planning and investments ...

Financial Standard launches the Investment Leadership Awards

EMMA RAPAPORT  |  WEDNESDAY, 13 DEC 2017
... this reason Financial Standard is proud to launch the Investment Leadership Awards." The winners will be revealed in the next edition of Financial Standard out on Friday, 15 December, and in the daily newsletter. Award recipients will also be featured ...

Group insurance awareness encouraging: MetLife

KARREN VERGARA  |  TUESDAY, 12 DEC 2017
... adding that based on APRA statistics, 92% claims are in fact paid. The good news is that the awareness is there, and the next step will be working with the super funds to take practical actions and engage members during key critical moments, she said. ...

Magellan research head departs following restructure

ALEX BURKE  |  MONDAY, 11 DEC 2017
... billion - representing one of the largest offerings for a listed investment vehicle. The Magellan Global Trust represents the next phase of Magellan's ongoing push towards the retail market, underscored by the group's three-year partnership with Cricket ...

Super and insurance inquiry necessary: Poll

KARREN VERGARA  |  MONDAY, 11 DEC 2017
... earnings cycle, this is not where the risk is because mutual funds by way of comparison are more leveraged, he said. In the next down turn, which is potentially in 20 years' time, banks might even be a "safe haven." The Royal Commission's interim report ...

Link adds DB super fund to admin portfolio

DARREN SNYDER  |  THURSDAY, 7 DEC 2017
... aaspire platform in the New Year and the timely client win comes as other funds finalise admin tenders. Joining Link from next year will be defined benefit (DB) schemes attached to the Tasmanian Government-owned Retirement Benefits Fund (RBF). Mercer ...