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Good jobs, sluggish pay

BENJAMIN ONG  |  FRIDAY, 21 JUL 2017
... its May 'Statement on Monetary Policy', the RBA said "Wage growth is expected to remain at around its current rate over the next year..." That current rate is 1.9% in the December 2016 and March 2017 quarters. Not a good prognosis in terms of household ...

Adviser group expands national footprint

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
... Hocking more than 34 years ago. The Hillross dealer group is broadly owned by AMP. Affinity said the acquisition completes the next step of its expansion plans, hinting it hopes to expand further with similar strategic opportunities. Hocking will retain ...

New executives to drive NGS Super growth

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
... NGS as it gears up for further growth. "A lot of work has been completed over the past year to position the fund for its next stage of growth and sophistication, including assessing succession planning and skills and competencies," Rodwell-Ball said. ...

NAB sells down stake in $350bn asset consultant

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
... selling a 55% stake in JANA to senior JANA management. JANA chief executive Jim Lamborn described the sale as an exciting next step in JANA's 30 year history, adding: "The new management ownership structure model will give us greater flexibility to respond ...

Government shows commitment to funds management

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
... Economics for found that if Australia could grow overseas-sourced funds under management equal to that of Hong Kong over the next decade, the nation's GDP would grow by more than $4.2 billion, tax revenue would increase by $1.2 billion and nearly 10,000 ...

VicSuper launches digital advice free from super speak

JAMIE WILLIAMSON  |  WEDNESDAY, 19 JUL 2017
... for money guidance and advice to our members across all channels." VicSuper expects to expand Beeline's services over the next 12 months.

Investment purpose critical to advice: Nikko AM

EMMA RAPAPORT  |  TUESDAY, 18 JUL 2017
... method for screening out investments." "This process allows investors to make informed decisions but it's not taking the next step of saying that certain companies are good or bad," he said. "On the other hand, SRI is a policy whereby investors can screen ...

Generational change for La Trobe leadership team

JAMIE WILLIAMSON  |  TUESDAY, 18 JUL 2017
... officer in 2000. "Brian has left an astonishing legacy that will not go unforgotten and we wish him the very best with his next chapter," La Trobe president and chief executive Greg O'Neill said. The firm also announced the retirement of vice president ...

Vanguard global chief executive steps down

KARREN VERGARA  |  FRIDAY, 14 JUL 2017
... firm continues to grow, evolve and expand globally, adding the board is unanimous in its belief that Buckley is the ideal next chief executive for Vanguard. Buckley will become the Pennsylvania-based firm's fourth chief executive as of 1 January 2018. ...

AFA collaborating for education framework rethink

JAMIE WILLIAMSON  |  FRIDAY, 14 JUL 2017
... industry...It will offer substantial help and support for advisers and become increasingly important as we transition through the next era of financial advice," he said. The industry white paper, framework and implementation kits are expected to be released ...