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Chief economist update: The uncertainty that is Trump

BENJAMIN ONG | WEDNESDAY, 14 MAR 2018

... non-farm payrolls report showed employment increased by 313,000 in the month of February following an addition of 239,000 jobs in the previous month - upwardly revised from the initial estimate of 200,000 - and much more than consensus expectations for ...

Chief economist update: Australia cruising at low altitude

BENJAMIN ONG | THURSDAY, 8 MAR 2018

... means individuals and businesses are more likely to purchase houses and investment properties during times of expansion when jobs are more secure and incomes are growing. Conversely, fixed interest investors generally consider economic expansion as negative ...

Link signs two industry funds, eyes UK pension admin

DARREN SNYDER | FRIDAY, 2 MAR 2018

... building on brand values and attracting new members." He adds people tend to forget that Australia generated one million jobs over the last four years and these new members of the workforce, plus gig economy workers, means more superannuation accounts ...

Chief economist update: Trump spoils for war

BENJAMIN ONG | FRIDAY, 2 MAR 2018

... Christia Freeland said. "We will not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk...The EU will react firmly and commensurately to defend our interests," President of the European Commission, Jean-Claude ...

Industry fund buys $7 million beef stake

JAMIE WILLIAMSON | FRIDAY, 23 FEB 2018

... dam whose pedigrees originate from Japan and are verified as 100% wagyu. The investment is expected to create 76 full-time jobs over the next five years and provides the capital for Stone Axe Pastoral to breed the largest full-blood wagyu cattle herd ...

NAB redundancies in full swing

KARREN VERGARA | TUESDAY, 20 FEB 2018

... announcing the bank's 2017 full-year profit in November in an effort to "simplify the bank dramatically." He said 15 to 20% of the jobs in IT will be retired; 50% less products will be available; and of the total 6000 to be retrenched, 2000 will be re-hired. ...

Reskilling: A worthy purpose for super?

JAMIE WILLIAMSON | WEDNESDAY, 14 FEB 2018

... innovation will leave scores of people out of work and in need of reskilling. He said the ability for people who do lose their jobs to be able to draw down their super for retraining purposes needs to be considered. "Rather than a linear pattern where ...

Chief economist update: RBA sees wages growth recovering but it's not guaranteed

BENJAMIN ONG | WEDNESDAY, 14 FEB 2018

... again improved, although this pre-dates recent market turbulence. Signs remain positive for investment and continued solid jobs growth." All good...except for that reference about the broad-based strength across industries "outside of retail" which ...

Chief economist update: This time is different

BENJAMIN ONG | WEDNESDAY, 7 FEB 2018

... negative) without employment and no income? That might be true in pre-GFC when credit were extended to NINJAs - no income, no jobs and assets - but we're getting back to the "Old Normal" now... hopefully with lessons learnt. Having said that, the Dow's ...

Industry veteran acquires SMSF administrator

JAMIE WILLIAMSON | TUESDAY, 6 FEB 2018

... never sacrifice service quality for growth, neither will we seek to cut costs by hiring inexperienced staff or outsourcing jobs offshore," he said. He added he enjoys working with financial advisers to make a material difference to their client outcomes ...

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Global X awards mandate for ETF business

ELIZA BAVIN | 12:33PM

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA | 11:56AM

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI | 11:09AM

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA | 12:20PM

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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