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Mason Stevens wins 2017 Technical Paper of the Year

JAMIE WILLIAMSON  |  MONDAY, 18 SEP 2017
A new benchmark for writing on managed accounts has been set with Mason Stevens taking home the first ever Financial Standard Technical Paper of the Year Award - Managed Accounts. Presented to Mason Stevens' managing director Thomas Bignill at the annual ...

Inaugural Technical Paper of the Year awarded

JAMIE WILLIAMSON  |  MONDAY, 18 SEP 2017
A new benchmark for writing on managed accounts has been set with Mason Stevens taking home the first ever Financial Standard Technical Paper of the Year Award - Managed Accounts. Presented to Mason Stevens' managing director Thomas Bignill at the annual ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
AustralianSuper has become the first major superannuation fund to make insurance opt-in for younger members in a bid to stop account erosion. Members of the industry fund who are under 25 when they join up will now be asked to "opt-in" to insurance ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...

Super fund property manager leads global sustainability ranking

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
Superannuation backed unlisted property fund manager ISPT is celebrating after two of its funds achieved strong results in the Global Real Estate Sustainability Benchmark. GRESB ranked ISPT's 50 Lonsdale Street Property Trust (50 Lon) in the top 10% ...

The risk of under-insurance is real: ASFA

EMMA RAPAPORT  |  FRIDAY, 15 SEP 2017
Ignore the noise, the benefits of insurance in super far outweigh the negatives for claims recipients and the budget bottom line alike, the Association of Superannuation Funds of Australia believes. In a report released by the association today, director ...

Alternatives managers celebrated at annual event

JAMIE WILLIAMSON  |  FRIDAY, 15 SEP 2017
The Macquarie Australia Plus Fund has taken out a key accolade at the 2017 Hedge Funds Rock and Australian Alternative Investment Awards. The awards, which recognise alternative investment managers who have produced superior risk adjusted returns and ...

China slows to target

BENJAMIN ONG  |  FRIDAY, 15 SEP 2017
Li gets what Li likes. A day after the executive meeting of China's State Council chaired by Premier Li Keqiang resolved to continue supply-side structural reforms aimed at "reining in excessive production capacity, reducing corporate costs and improving ...

Divergent business confidence

BENJAMIN ONG  |  WEDNESDAY, 13 SEP 2017
The latest National Australia Bank Business (NAB) Survey shows while business conditions remain robust - rising from a reading of 14 in July to 15 in August (the highest level since January 2008) - confidence among businesses deteriorated significantly ...

BGL integrates with Xero for single database

EMMA RAPAPORT  |  TUESDAY, 12 SEP 2017
... business. Xero's data revealed that just 50.7% of businesses had positive cash flow as of June 2017, with many operating in the red as late payments crimped working capital ahead of the financial year-end; up from 48.9 per cent cash-flow positive a year ...