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Potential budget super alterations welcome

DARREN SNYDER  |  MONDAY, 2 MAY 2016
... two million of whom are women, who may otherwise face tax hikes of up to $500 a year on their super contributions from July next year with the abolition of the LISC. On Friday a Senate report looking into economic security for women in retirement recommended ...

BTIM announces global leadership team

ALEX BURKE  |  MONDAY, 2 MAY 2016
... executive, BTIM Australia. Commenting on the new committee, Gonzalez said: "I look forward to working with my team to advance our next phase of growth. We will continue our investment in talent as the business expands and grows, and in order to pursue ...

ISA calls out pre-Budget arguments on contribution caps

DARREN SNYDER  |  FRIDAY, 29 APR 2016
... the 120,400 "catch-up" women are double the total concessional contributions of the 441,650 LISC women aged 50-64. "From next year, the group that needs the most help will go backwards when the LISC is abolished, unless the government uses next week's ...

KPMG targets super to fix deficit

MARK SMITH  |  THURSDAY, 28 APR 2016
... absence of any meaningful tax reform, we don't see government tax receipts covering government payments at any stage over the next fifteen years - this gap ranges from between around 0.5% of GDP at its best, to around 2.2% of GDP at its worst. The budget ...

Robo-advice to impact not replace: CFA

KERRIE SYDEE  |  THURSDAY, 28 APR 2016
Robo-advice is set to have the greatest impact on the financial services industry over the next five years, according to new member research by CFA Institute. The Fintech Survey found that 70% of respondents believe that mass affluent investors will ...

Fintechs to drive Australia's economy

DARREN SNYDER  |  THURSDAY, 28 APR 2016
... this is a passing fad." He said Australia's economic and employment growth will be driven by these top 50 companies over the next 10 to 20 years. "Three companies have a valuation of more than $1 billion. Forty companies are "gazelles" with valuations ...

Fiducian targeting SMAs

DARREN SNYDER  |  THURSDAY, 28 APR 2016
Financial services platform provider Fiducian has flagged it will be targeting self-managed accounts in the next financial year, capitalising on the rise in SMAs being set up by independent financial advisers. Fiducian chief information officer Alan ...

Down, down prices are down

BENJAMIN ONG  |  THURSDAY, 28 APR 2016
... events that would lead to weakening activity and weaker inflation. I think the RBA would keep policy steady when it meets next week stressing, perhaps, that it would keep a watchful eye on inflation and act if necessary. That should keep the A$ low ...

FSC sends final budget message

DARREN SNYDER  |  WEDNESDAY, 27 APR 2016
... the final message from the Financial Services Council (FSC) to Federal Treasurer Scott Morrison ahead of his first budget next Tuesday. Of all the tabled proposals the FSC's biggest budget wish is for the government to move the superannuation dial on ...

AZ NGA subsidiary acquires $97m Adelaide practice

ALEX BURKE  |  TUESDAY, 26 APR 2016
AZ Next Generation Advisory subsidiary Pride Advice has acquired Bailey Capital Management (BCM). Based in Adelaide, BCM has over 400 clients representing $97 million in funds under advice. It advises on retirement planning, investments, insurance ...