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Decumulation will drive investment focus shift: AXA IM

EMMA RAPAPORT  |  TUESDAY, 20 JUN 2017
... emphasis on building infrastructure. The same number say they believe real assets will offer the strongest growth in the next three years when compared to global fixed income and global equities. Nearly three quarters (73%) of respondents are considering ...

Industry stars recognised at 2017 MAX Awards

JAMIE WILLIAMSON  |  FRIDAY, 16 JUN 2017
... Advertising Campaign of the Year - Consumer ANZ - Love Insurance Initiative Finalists Colonial First State - Be Ready for Next Challenger - Lifestyle Expectancy La Trobe Financial - Isn't it time your money worked hard for you? TAL - This Australian ...

Age Pension changes looming

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... their superannuation does not change. That remains between 55 and 60, depending on when you were born." It estimates in the next 40 years, the number of people aged 65 and over will more than double to 8.9 million people. Currently, there are 4.5 people ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... independent review into the most appropriate model for an open banking regime. The ACCC will also receive $13.2 million over the next four years to complete regular inquiries into specific financial system competition issues - a recommendation of the ...

Robo-advisers expected to meet fiduciary rule

ALEX DUNNIN  |  FRIDAY, 16 JUN 2017
... in the US Financial Planning news service, the Aite Group estimates digital advice in the US could reach A$600 billion by next year.

CBA advice compensation reaches $29m

ALEX BURKE  |  THURSDAY, 15 JUN 2017
... million has been paid so far to 1641 cases. CBA indicated to Promontory that it intended to finalise these payments over the next few months, and that the vast majority of cases will be closed by the end of the year. Of the 10,128 registered since the ...

Greater adoption of tech in new world of advice

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2017
... about three-quarters of advisers planning to spend and invest more in advice and financial planning technologies over the next 12 months. That is a key finding of a new report from Netwealth, showing that 69% of advisers plan to spend more on operations ...

Queensland DB super liabilities tipped to fall 18pct

ALEX DUNNIN  |  THURSDAY, 15 JUN 2017
Queensland's public sector superannuation liability is expected to fall $7 billion over the next five years, and this is despite the state's defined benefit scheme surplus being partially repatriated. The figures were published in the Queensland Government ...

Grant Samuel finalises fifth partnership

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2017
... retail assets under management in just ten months since launch. We look forward to working with Munro to help them achieve the next stage of their growth." Griffin added: "GSFM is staffed by a group of professionals with extensive experience in Australian ...

Agriculture high on industry fund agenda

DARREN SNYDER  |  WEDNESDAY, 14 JUN 2017
Australian superannuation funds could take the country's agriculture sector to the next level in global competitiveness but they will need help in doing so. Industry Super Australia has published a discussion paper that responds to calls for the $2 ...