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Economic recap: Week to November 12

BENJAMIN ONG  |  MONDAY, 15 NOV 2021
Did the Reserve Bank of Australia (RBA) jump or was pushed by the bond market to scrap its target to keep the April 2024 Australian government bond yield at 10 basis points. The answer to this question becomes important because it would dictate future ...

Organisations, employees disagree on work arrangements

ANNABELLE DICKSON  |  WEDNESDAY, 10 NOV 2021
The satisfaction gap between business leaders and employees on the future of work is widening, according to new research. NTT's latest Global Workplace Report found chief executives are 20% more likely to believe their organisation is very effective ...

Fintech professor nabs unique award

ELIZABETH MCARTHUR  |  MONDAY, 8 NOV 2021
An academic paper on fintech from an Australian professor has become one of the most widely read papers in the world. Scientia Professor Ross Buckley from University of New South Wales Law & Justice has claimed the title of most-read legal author in ...

Governments must act on net zero: Morningstar

ANNABELLE DICKSON  |  WEDNESDAY, 3 NOV 2021
Asset managers around the world are working hard to turn their investment strategies into measurable emissions reductions, but must be attuned to the risk of net zero washing, new research says. Morningstar's latest report, Asset Managers and Net ...

FPA launches female mentoring program

ANNABELLE DICKSON  |  WEDNESDAY, 3 NOV 2021
The Financial Planning Association of Australia (FPA) launched the inaugural FPA Women in Financial Planning mentoring program. The program supports women in financial advice to further their careers by matching them with other experienced FPA members. ...

Adviser exits continue, industry recruits 50

KARREN VERGARA  |  TUESDAY, 2 NOV 2021
Only 50 financial advisers joined the financial advice industry in the year to September, as Rainmaker analysis shows that the total population has dwindled to 19,238. Rainmaker's latest Financial adviser report reveals an 11% year-on-year drop in the ...

Celebrating the 2021 FS Power50

STAFF WRITER  |  MONDAY, 1 NOV 2021
The 2021 FS Power50 has been revealed, recognising the 50 most influential financial advisers in Australia today. A diverse group of advice professionals, the 2021 FS Power50 exemplify the best aspects of the advice industry and how it is evolving. ...

Super fund documents unreadable: Study

JAMIE WILLIAMSON  |  FRIDAY, 29 OCT 2021
... would need a near-tertiary level of education to understand what they're reading. For context, just 1.2% of adult Australians read at a tertiary education level, the researcher said. The document with the best grade level was QSuper's privacy policy ...

J.P. Morgan joins OpenInvest

ELIZABETH MCARTHUR  |  FRIDAY, 29 OCT 2021
J.P. Morgan Asset Management has joined OpenInvest, giving retail investors access to its multi-asset model portfolios. J.P. Morgan Asset Management joins BlackRock and Schroders on the digital marketplace, which enables self-directed retail investors ...

Morningstar launches multi-asset indexes

ELIZABETH MCARTHUR  |  THURSDAY, 28 OCT 2021
Morningstar has launched new target allocation indexes to benchmark multi-sector funds in Australia and New Zealand. The launch of the Morningstar Australia and New Zealand Target Allocation Index Family follows recent research from the rating house ...