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Insurers face significant asset risk charges from downgrade

KERRIE SYDEE  |  TUESDAY, 30 AUG 2016
... Australian sovereign rating outlook from 'stable' to 'negative', implying a one in three chance of a ratings downgrade within the next two years. As a result S&P extended the revised 'negative' outlook to the Australian major banks and the AAA ratings ...

Bridges advice head resigns

JAMIE WILLIAMSON  |  TUESDAY, 30 AUG 2016
... issued by IOOF group general manager, wealth management Renato Mota, Langton will be taking "a sabbatical to consider the next phase of his life and career." "We are grateful for Nick's commitment and the tremendous results achieved during his tenure ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 30 AUG 2016
... higher than the previous (1994) peak and that there is an unprecedented degree of uncertainty this time around as to how the next few years of new home building unfold. US personal income and outlays US personal income rose by 0.4% in July following ...

Industry fund expands investment team by 74pct

DARREN SNYDER  |  MONDAY, 29 AUG 2016
... team by 74%, Cbus says it is preparing for future challenges among a growing asset pool likely to reach $50 billion in the next three to five years. Cbus' board recently approved the new investment strategy, something which executive Kristian Fok and ...

Link seeks admin margin improvement

DARREN SNYDER  |  MONDAY, 29 AUG 2016
... administration business, up 37% on the previous year. Link Group managing director John McMurtrie said management's priorities for the next 12 months "will remain focused on delivering the next phase of margin improvement through the integration of the ...

Yellen speaks Fedspeak

BENJAMIN ONG  |  MONDAY, 29 AUG 2016
... real gross domestic product (GDP), additional strengthening in the labor market, and inflation rising to 2 percent over the next few years. Based on this economic outlook, the FOMC continues to anticipate that gradual increases in the federal funds rate ...

OneVue appoints TCorp exec

KERRIE SYDEE  |  FRIDAY, 26 AUG 2016
... held senior treasury roles at ANZ, National Mutual Royal Bank and Australian Bank. OneVue chair, Gail Pemberton said: "The next few months are poised to be a very exciting period for OneVue and we wanted to enhance the mix of skills on the board to support ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 26 AUG 2016
... in internet sales volumes picked up over the same period, outstripping expectations, with broadly similar growth expected next month. Investment intentions for the year ahead turned positive this quarter after remaining in the negative since 2013. Year-on-year ...

Parliament goes to war on super

DARREN SNYDER  |  THURSDAY, 25 AUG 2016
Superannuation policy is headlined as one of the federal government's first tests when parliament resumes next week, following opposition plans to amend some of the biggest changes to super in a decade. Opposition Leader Bill Shorten wants the $500,000 ...

First State Super awards $1.6bn mandate

ALEX BURKE  |  TUESDAY, 23 AUG 2016
... articles in investment journals, and we get good feedback from clients about that. We are excited to now be starting our next research project with the First State Super team." Neuberger Berman was founded in 1939, has offices in 19 countries and manages ...