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| | | Australia's growing current account deficit will inevitably lead to further policy action to increase national savings and the super industry will play a key role, said David Morgan, former chief executive of Westpac. Morgan told the ASFA conference ... |
| | | | Decimal has updated its service to superannuation funds looking to provide intra-fund advice using its Smart Calculator, which it believes will allows funds to engage members more effectively. Smart Calculator provides financial scenario generators ... |
| | | | The Institute of Managed Accounts Providers (IMAP), the industry body for managed accounts professionals, has appointed Toby Potter, one of the industry's pioneers, as chair. Tracy Byrne, who helped establish IMAP, is stepping down as chair but will ... |
| | | | ING Australia is transitioning the Legg Mason Corporate Super Mastertrust book, which represents $1 billion in funds under management across 20,000 member accounts, to the firm's Corporate Super suite. The firm won the trusteeship of Legg Mason Asset ... |
| | | | Super funds have recovered so much ground in the nine months to end September that they could soon be back in the black for the first time in 18 months, the SelectingSuper survey found. The survey found that the average 12-month loss, after all fees ... |
| | | | AIA Australia have appointed Damien Green as their new local chief executive. Green has been with AIA, formerly AIG Australia, since 2006 progressively directing the client services division and being heavily involved with business development and client ... |
| | | | Boutique fund manager Instreet taps into investor demand for more exposure into the commodities sector with a new structured product called Link ARC (Absolute Returns from Commodities). This is the fourth product from Instreet's Link series, which has ... |
| | | | The $9.5 billion Western Australia-based GESB has appointed Fidelity, Edinburgh Partners and Sarasin & Partners as new managers in its $2.5 billion international equities portfolio. GESB made the appointments following a review of its external managers ... |
| | | | In one of the more bizarre regulatory releases since the GFC, global regulatory group IOSCO has issued a report outlining guidelines for private equity managers stating that they should be honest and always act in their clients best interests. IOSCO ... |
| | | | Slow cooked. Is the Reserve Bank of Australia slowly boiling the Australian economy alive? I refer, of course, to the story of the 'boiling frog' - often used as an anecdote to describe the financial markets' failure to respond to significant modifications ... |
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