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Water, water everywhere

BENJAMIN ONG  |  FRIDAY, 7 AUG 2015
... projections are for growth of 2.8% this year, 2.6% in 2016 and 2.5% in 2017 with inflation going from 0.3% in 2015 to 1.5% next year and 2.1% the following year. But nothing's set in concrete as the August BOE statement noted, "Underlying those projections ...

ASIC financial services enforcements down 10%

ALEX BURKE  |  THURSDAY, 6 AUG 2015
... industry. "Given the strong connection between the two, tackling poor culture will be a major priority for ASIC over the next six months and beyond.A We'll ensure that everyday Australians who suffer loss are remediated appropriately and as quickly as ...

Apogee partners with CoreData to improve client experience

ALEX BURKE  |  THURSDAY, 6 AUG 2015
... on how do you change your proposition to be relevant in the future." The new CoreData process will be rolled out over the next six weeks, Johnson added, and he described it as "a very simple way to help survey their clients." He added that Apogee will ...

Sunsuper CIO retires

DARREN SNYDER  |  THURSDAY, 6 AUG 2015
... Sunsuper, Hartley announced his retirement today and said it was time to step aside so the investment team "can step up to its next level of development." Sunsuper has started the search for Hartley's replacement and said it will also be considering ...

September -- morn or mourn?

BENJAMIN ONG  |  THURSDAY, 6 AUG 2015
... percent" for emphasis. The second paragraph in Bloomberg's report says it all, "The chances of an interest-rate increase next month reached 52 percent Wednesday, up from just 38 percent just two days earlier. What's fueled the change of heart? Hawkish ...

Fee error forces Ausbil to pay $18m

LAURA MILLAN  |  WEDNESDAY, 5 AUG 2015
... constitution. Ausbil notified ASIC as soon as it was aware of the breach and it has already compensated direct investors. The next step will be to assist platforms to make payment to their underlying clients impacted by the fee error. The timing of these ...

Industry fund sponsors Oprah tour

DARREN SNYDER  |  WEDNESDAY, 5 AUG 2015
... Melbourne. Earlier this year Intrust Super announced it has naming rights to Sydney's Shute Shield rugby union competition for the next three years - on top of its sponsorship for the Intrust Super Cup rugby league competition in Queensland.

RBA to deliver nothing

BENJAMIN ONG  |  TUESDAY, 4 AUG 2015
... China." Gene also offered his A$ prediction, "If I was betting, I would probably bet that it does move below 70Ac in the next six to nine months... probably as low as US65Ac by the end of the year". Adding that, this is "a helpful bearishness". I am ...

Industry fears the Uber of finance

LAURA MILLAN  |  MONDAY, 3 AUG 2015
... institutions expect that investment in technology will be the most effective strategy for improving performance over the next 10 years (67%).

Make it December (for now)

BENJAMIN ONG  |  MONDAY, 3 AUG 2015
... Worse, consumers' expectations about the future worsened with those expecting an improvement in business conditions over the next six-month falling to 14.7% from 17.9% in June while those expecting deterioration increased to 10.7% from 10.2%. Worse-ser ...