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Next wave of super legislation rolls in

DARREN SNYDER  |  WEDNESDAY, 28 SEP 2016
Attempting to keep superannuation reforms on the move, Treasurer Scott Morrison released more draft legislation yesterday. Among the second tranche of legislation are plans to implement the $1.6 million transfer balance cap, limiting the amount an individual ...

Praemium chair to retire, intended successor revealed

KERRIE SYDEE  |  TUESDAY, 27 SEP 2016
... that now is the right time for me to retire and enable the injection of new energy to the Board as Praemium commences this next exciting growth phase. "I have no doubt that the Company will thrive under Greg's chairmanship and I look forward to watching ...

Alternatives fund takes stake in Ignition Wealth

ALEX BURKE  |  TUESDAY, 27 SEP 2016
... growth opportunities." Ignition's statement argued that the digital advice sector will "gain significant traction in the next few years", largely because the traditional advice industry "has focused exclusively on the top 15% of the market, leaving 85% ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
... pertaining to the Life Insurance Framework (LIF) will be formally re-introduced in early October when Federal Parliament next meets. An exposure draft of the Corporations Amendment (Life Insurance Remuneration Arrangements) Regulation 2016 bill was released ...

Myer Family Investments chair to retire

ALEX BURKE  |  MONDAY, 26 SEP 2016
... executive continue the regeneration of MFI where new leaders will continue the 90-year-old company's growth strategy into the next decade."

Asset owners, managers not prepped for blockchain

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2016
... Street has found that while 65% of APAC asset owners and managers expect blockchain technology to be widely adopted in the next five years, only 33% of participants actually have blockchain initiatives underway at present to support it. The research ...

Well-known stockbroker launches own SMAs

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2016
... management is key as the low interest rate, low growth environment continues. "All investors need to be asking where their next returns are coming from - the answer is not from the over-saturation of index trackers or from fixed income or cash. With ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 23 SEP 2016
... rate cut expectations for the remainder of this year. According to Bloomberg, odds that the RBA will remain on hold over the next three months to end-December 2016 rose to 73% from 51% last month. US leading economic indicator The Conference Board's ...

AXA IM acquires major Australian real estate fund manager

ALEX BURKE  |  THURSDAY, 22 SEP 2016
... global team, not just in terms of having the wider resources and expertise that will allow us to take our business to the next level, but also the additional scope and quality of client service we can offer. I am hugely excited to be entering this new ...

Centrepoint establishes adviser transition program

KERRIE SYDEE  |  WEDNESDAY, 21 SEP 2016
... becoming self-licensed, if that is appropriate. This is about enabling and supporting the best salaried advisers to take the next step towards building their own strong prosperous business. "The biggest difference we offer is a cultural one. Our entire ...