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Synchron debuts adviser investment solution

KERRIE SYDEE  |  TUESDAY, 26 JUL 2016
... Powerwrap has been chosen as the High Wrap platform administrator and will provide a tailored version of its full service next-generation wealth management platform to Synchron advisers. There are five risk-based portfolios with different weightings ...

WAM finds returns in growth companies

DARREN SNYDER  |  MONDAY, 25 JUL 2016
... 35%," Wilson said. Wilson Asset Management (WAM) chief investment officer Chris Stott said the equity market outlook for the next 12 months remains mixed. He said ongoing planned global stimulus, particularly in Japan and the UK, will be supportive of ...

Economic Wrap

ALEX DUNNIN  |  MONDAY, 25 JUL 2016
... is currently in sixteenth place with a GDP of A$1.2 billion but which is widely expected to overtake Australia within the next decade as its 5-year growth is projected at 52% compared to Australia's 28%. US global GDP share is expected to dampen to 24% ...

Wealth division overhauled in latest NAB restructure

MARK SMITH  |  FRIDAY, 22 JUL 2016
... and with the sale of 80% of the Life Insurance business to Nippon Life nearing completion, the time was right to drive the next stage of organisational change. "We have had a very clear plan over the last two years and have taken the action required ...

Millennials getting personal with ANZ robo-adviser

ALEX BURKE  |  FRIDAY, 22 JUL 2016
... following a product merger. "We're very focused on making super accessible," she said. "It's a major focus for us over the next three years. We can no longer think about just creating a super product, a retail product, a corporate product - it's so much ...

O'Dwyer says life insurance back on the agenda

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... the Age Pension." That meant, she clarified, that super shouldn't be used "to accumulate unlimited wealth to pass on to the next generation," alluding to the Coalition's controversial $1.6 million accumulation cap. "Super tax concessions need to be sustainable. ...

Industry fund hires strategic relations GM

DARREN SNYDER  |  THURSDAY, 21 JUL 2016
One of Australia's largest industry superannuation funds will welcome its new general manager strategic relations next week with a responsibility to elevate fund relationships for its two million members and more than 170,000 employers. Joining REST ...

Economic Wrap

ALEX DUNNIN  |  THURSDAY, 21 JUL 2016
... resources sector says despite volatility in the sector that it still projects the industry will generate over 65,000 job over the next decade. The industry is also expected to see $A350 billion of new investment in major resource projects over the next ...

No more inquiries, says FSC

ALEX BURKE  |  WEDNESDAY, 20 JUL 2016
... evidence-based reform. The 45th Parliament mustn't make the same mistake," she continued. She said the first priority over the next 100 days for the new Parliament should be passing the financial services reforms "already in the legislative pipeline," ...

No progress on super wealth gap in 12 years

MARK SMITH  |  WEDNESDAY, 20 JUL 2016
... three groups defined by location in the distribution of superannuation holdings among those aged 50-69: the bottom 50%; the next 40% (deciles 6 to 9); and the top 10%. It found that in 2002, the mean superannuation balance of those in the bottom 50% ...