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Melbourne to host SMSF expo

KARREN VERGARA  |  MONDAY, 7 AUG 2017
Melbourne will host the Self-Managed Super Fund Expo next year, bringing together critical players in the SMSF space. New clients considering setting up an SMSF will have the chance to meet superannuation service providers, trustees and industry experts. ...

AIA announces pricing changes

KARREN VERGARA  |  MONDAY, 7 AUG 2017
... level premium options based on the 'true level' concept that use the policyholder's entry age rather than the age at their next birthday when calculating any Consumer Price Index increases. While level premiums will increase for new members, the accumulated ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... published in the May Statement on Monetary Policy. The economy is expected to grow at an annual rate of around 3% over the next couple of years, which is a bit higher than estimates of potential growth. The unemployment rate is accordingly expected to ...

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
... the BNP Paribas expansion strategy is deliberate and the company is exposed to blockchain "in every way possible." Over the next three years the firm is allocating €1 billion to its corporate and institutional banking division and this includes building ...

Losses consistent with growth objectives: CGA

ALEX BURKE  |  THURSDAY, 3 AUG 2017
... CGA's net operating cashflows for the June quarter (negative $502,000) along with estimated outflows of $2,206,000 for the next quarter. She also noted CGA reported cash of $819,000 at the end of the June quarter. She asked: "Is it possible to conclude...that ...

Chi-X appoints Australia chief from Deutsche Bank

ALEX BURKE  |  THURSDAY, 3 AUG 2017
... Morgan said. "He is a proven leader with the skills, depth of knowledge and personal attributes to lead Chi-X through the next phase of growth."

Douglass makes case for Magellan turnaround

ALEX BURKE  |  WEDNESDAY, 2 AUG 2017
Ahead of the company's annual results next week, Magellan Financial Group chief executive Hamish Douglass explained to investors why the flagship global equity fund has swung back into outperformance after disappointing returns last year. While 2016-17 ...

Industry fund makes tech play to combat unpaid super

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
... to the future, AustralianSuper chief executive Ian Silk told the audience at a Reuters Newsmaker event last week that the next five years will see artificial intelligence come into play. "About five years ago when we were talking about technological ...

ETFs set to continue dominance

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2017
... one third of Australia's financial advisers will increase their use of exchange traded funds in client portfolios over the next 12 months. This is a key finding from a recent Rainmaker adviser survey which showed that while 35% of advisers are yet to ...

Fortnum subsidiary flags aggressive growth plan

ALEX BURKE  |  TUESDAY, 1 AUG 2017
... strategies," Fenning said. Fortnum managing director Joel Taylor added: "Today's advice businesses will be unrecognisable in the next five to 10 years with new education standards, a smaller professional advice community - with adviser retirements - ...