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AMP upgrades platforms

MARK SMITH  |  MONDAY, 22 FEB 2016
... with their clients and helping them achieve their financial goals." AMP said further improvements to be rolled out over the next year.

Funds under management to hit $8tr by 2035: research

MICHELLE BALTAZAR  |  FRIDAY, 19 FEB 2016
... projections, Australian-sourced FUM, which currently sits at around $2.4 trillion, is projected to increase 8% p.a. over the next 20 years. This is driven primarily by compulsory superannuation savings, which accounts for 78% of the projected $8 trillion ...

Behavioural coaching is the best route to 'adviser alpha'

MARK SMITH  |  FRIDAY, 19 FEB 2016
... Australia was relatively mild in 2011. The most recent correction is again, relatively mild in historical terms, especially next to the global financial crisis. Bear markets account for about a third of the time that markets have been open over the last ...

Productivity Commission should focus on Choice underperformance: AIST

ALEX BURKE  |  FRIDAY, 19 FEB 2016
... objectives of superannuation - it's putting the cart before the horse. "Given that the PC Review will not be completed until the next term of government, the Government needs to address the current hiatus on default fund selection and let the Fair Work ...

Treasurer hints at super concession adjustments

MARK SMITH  |  FRIDAY, 19 FEB 2016
... "Super is not there to be a tax incentivised estate planning vehicle. We all want to leave something for our kids and give the next generation a head start but the tax payer has said it will only try to help people to a better standard of living in retirement." ...

Magellan average monthly inflows hit $214m

ALEX BURKE  |  THURSDAY, 18 FEB 2016
... downturn in global markets (that is set to continue through 2016) will hinder Magellan's record flows into the strategy over the next year, Douglass said, "Yes, it will. Discretionary money - the timing of which people invest does get influenced by market ...

Advisers halt HNW slide

MARK SMITH  |  TUESDAY, 16 FEB 2016
... full-service stockbrokers and private banks. "Preference for control remains the largest barrier to taking up advice among HNWs, but next comes the question of the adviser's expertise which is central to building perceptions of value," Investment Trends ...

Who can dig a deeper hole?

BENJAMIN ONG  |  FRIDAY, 12 FEB 2016
... taken its deposit facility rate deeper into negative (minus 0.30%) only last December - and could take it down some more next month (promise). Starting 16 February this year (next week), the BOJ's own negative interest rate policy (minus 0.1%) would ...

Copia appoints state manager from CFS

ALEX BURKE  |  THURSDAY, 11 FEB 2016
... Copia from Colonial First State, where she was a strategic account manager. She has also held senior roles at Perpetual and Next Financial. At Copia, Vincent will focus on distribution to financial advisers in New South Wales and Queensland. Commenting ...

Death tax would save budget billions: Costello

DARREN SNYDER  |  THURSDAY, 11 FEB 2016
... be ignored. There has never been a stronger case for an inheritance tax," Costello said. "It is estimated that within the next 50 years there will be nine million Australians aged 65 or older. There will be more wealth to hand down and fewer of us paying ...