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UK regtech expands Australian footprint

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... talented people to work in the region. We are delighted that Colm will bring his vast experience and knowledge to lead the next phase of our development," Brown added. Goughran, who joined the firm in 2016, has more than 20 years' experience in risk ...

Financial services ripe for mergers and acquisitions

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
The financial services industry is predicted to prove a hotspot for M&A activity over the next 12 months, particularly around demergers. Commercial law firm Minter Ellison singled out the sector as one of five industries ripe for mergers and acquisitions ...

Labor cracks down on discretionary trusts

KARREN VERGARA  |  MONDAY, 31 JUL 2017
... fair, Shorten said in a statement. He added that closing the loophole could raise up to $17.2 billion in revenue over the next five years. On average, the wealthiest 20% of households have $123,000 in private trusts, while the next quintile holds just ...

Property overpowers asset class returns

KARREN VERGARA  |  FRIDAY, 28 JUL 2017
... just 4.3% per annum. Over a 20-year period however, Australian equities were one of the two top-performing asset classes next to residential investment property, generating an 8.5% return per annum. All asset classes apart from cash (3.2% p.a.) outperformed ...

Inflation matters

BENJAMIN ONG  |  WEDNESDAY, 26 JUL 2017
... Finance Index - United Kingdom' report's findings that the "Number of households expecting a Bank of England rate rise in the next six months (27%) falls to lowest since October 2016." The Australian Bureau of Statistics (ABS) will release the June quarter ...

Retirement income innovation severely lacking

EMMA RAPAPORT  |  TUESDAY, 25 JUL 2017
... choose certainty, with lower returns and no market exposure. PIMCO head of Australia and New Zealand Adrian Stewart said the next generation of retirement solutions needs to consider the ability to mix certainty with market participation. "The Australian ...

Financial services not immune to public inquiry

KARREN VERGARA  |  TUESDAY, 25 JUL 2017
... management industries are confident about growth prospects, particularly in areas benefiting the ageing population over the next 24 months, the report found. About half (47%) of the executives are said to be making or restoring trust as part of their ...

Industry funds sign off on $45 billion merger

EMMA RAPAPORT  |  TUESDAY, 25 JUL 2017
... industry in best practice for fund merger outcomes. With members' interests at our core, we are thrilled to embark on the next phase of our merger with Kinetic Super." The merger comes as the Federal Government has been actively encouraging consolidation ...

Surge in adviser demand for managed accounts: Research

KARREN VERGARA  |  MONDAY, 24 JUL 2017
... invested. Some 20% of the 474 advisers who took part in the survey said they intend to begin recommending managed accounts in the next 12 months. The surge in popularity was driven by the availability of a professional managing the funds (65%) followed ...

Atlantic Pacific Securities rebrands for wealth focus

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2017
... Australian Stock Report offers," AAIG chief executive Anthony D'Paul said. "This consolidation process will help us in our next phase of growth and provide an even better client service experience." Complementing the rebrand, ASRW has launched a newly ...