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Cloudy skies in the land of the rising sun

BENJAMIN ONG  |  FRIDAY, 9 JUN 2017
With the prices of Australia's major commodity exports - coal and iron ore -- trending lower this year, let's all spend a minute silence and pray that yesterday's report of a massive slump in exports - down 8.0% in the month of April - was indeed an ...

Better, but not good enough

BENJAMIN ONG  |  THURSDAY, 8 JUN 2017
"Better, but not good enough": this is how the Organisation for Economic Cooperation and Development (OECD) sees developments in the global economy. The OECD also answered its own question - "Will risks derail the modest recovery?" - initially posted ...

Change of pace for Countplus

JAMIE WILLIAMSON  |  WEDNESDAY, 31 MAY 2017
Countplus divested its shareholding in a NSW-based financial planning practice as part of a change in strategy aimed at investing in quality practices, not necessarily acquiring them. In a statement to the ASX yesterday, managing director and chief ...

ASX creates more opportunities for investors

EMMA RAPAPORT  |  THURSDAY, 25 MAY 2017
Listing smaller and foreign IPOs on the ASX will create greater opportunities for Australians as local investors gain exposure to offshore markets and technology companies, says ASX chief executive Dominic Stevens. Speaking at yesterday's Conference ...

Australia ranks fifth for financial literacy

ALEX DUNNIN  |  THURSDAY, 25 MAY 2017
Australia's school education performance against global benchmarks in mathematics, reading and science may be falling but their financial literacy performance is strongly above average, ranking fifth from 15 countries. According to a statement released ...

Top super chief executive named ACSI president

JAMIE WILLIAMSON  |  TUESDAY, 23 MAY 2017
The Australian Council of Superannuation Investors will welcome a new president and deputy president in August. AustralianSuper chief executive Ian Silk will become ACSI's third president, replacing current president Gerard Noonan (Media Super). LUCRF ...

Pathway offers virtual workspace for advisers

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2017
Netwealth's licensee services subsidiary Pathway has partnered to provide advisers with access to a digital workspace where they can interact with clients. Teaming up with Suitebox, an enhancement to Pathway's XPLAN Model Office service will enable ...

Worried parents prefer banks over stocks: Stockspot

EMMA RAPAPORT  |  WEDNESDAY, 17 MAY 2017
Parents who are worried about housing affordability and their children's financial futures are choosing bank accounts over share investment portfolios as the preferred savings vehicle. A Stockspot report found 85% of parents worry their children will ...

Asia-Pacific needs more retirement income specialists: Milliman

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... feedback was consistent across all surveyed markets - even in countries that have traditionally been considered to have more advance retirement systems, such as Singapore and Australia," the report's authors noted. In particular, more than 60% of companies ...

Fearless forecasting

BENJAMIN ONG  |  THURSDAY, 4 MAY 2017
Ho-hum. The Fed met and adjourned their 2-3 May FOMC meeting and it was a non-event, announcing no change in policy as Janet Yellen and her merry men see no change in their forecasts. "The Committee expects that, with gradual adjustments in the stance ...