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Take your CAPE ratio with a grain of salt

ALLY SELBY  |  MONDAY, 17 AUG 2020
... after which Wall Street posted its worst yearly performance since the Global Financial Crisis. And while the CAPE ratio is not 'the be all and end all', it does show how earnings and price have moved together over the past 40 years - giving investors ...

Young-old wealth gap widest in 18 years

KANIKA SOOD  |  MONDAY, 17 AUG 2020
Counting on your children's lives being better than yours? It's not a given as a new Actuaries Institute report finds the relative wealth and wellbeing of 25 to 34 year olds is the lowest in 18 years. The Actuaries Institute's publication ...

Synchron compliance lead moves to AMP

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
... Management Australia for six years and spent two years as a compliance manager at IFM Investors. Last week, Synchron said it chose not to fill the role vacated by Jones but instead to promote both heads of compliance so that they report directly to the ...

LNP halts push for SG rise

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... the issue. Speaking at a press conference Prime Minister Scott Morrison said the government will need to consider whether or not to go ahead with the increase as the nation works at rebuilding the economy. "On the issue of the superannuation guarantee ...

Mayfair 101 in damage control

ELIZABETH MCARTHUR  |  MONDAY, 17 AUG 2020
... record interviews." It added that the orders sought by ASIC in the Federal Court are a "massive overreach" and that ASIC was not following its own model litigant guideline. "If ASIC was concerned about Mr Mawhinney, currently in lock down in Melbourne ...

Industry veterans launch dealer group

ALLY SELBY  |  MONDAY, 17 AUG 2020
... still actively looking for other advice tech companies to partner with, with El Shammaa noting that, thus far, the pair had not been able to find a single tech stack solution. "There are some products out there which are reasonable, however you are paying ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... surpass $31 billion. The research found that the scheme has continues to drive a huge spending boom and that the program has not been used as intended by many Australians. "The analysis of de-identified, aggregated information from more than 10,000 Australians ...

ASIC winds up illegal land banking scheme

ALLY SELBY  |  MONDAY, 17 AUG 2020
... found the investment scheme, which related to the purchase of land at Lot 2, 615 Hume Highway in Beveridge, Victoria, was not registered under the Corporations Act and subsequently has been ordered to be wound up. The decision comes after ASIC alleged ...

Wealthy Aussies panic buy life insurance

ANNABELLE DICKSON  |  MONDAY, 17 AUG 2020
... highlighted that 83% of Australians were quite or extremely concerned about the outbreak of the pandemic, with only 5% who were not concerned. GlobalData senior wealth management analyst Heike van den Hoevel said: "Panic buying does not end with food. ...

Chief economist update: COVID-19 cycle

BENJAMIN ONG  |  MONDAY, 17 AUG 2020
... lower. This begs the question, when is it time to relax restrictions anew? As New Zealand's experience proved, 100 days is not enough to wave covid-19 bye-bye.