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Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... APRA's intervention on retail income protection products, it will be challenging to completely reverse this trend," the report read. Rice Warner recommends the life insurance industry raise greater awareness about this issue. "The availability of ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG  |  THURSDAY, 19 NOV 2020
While many have seen their wages stagnate, or even drop, this year the latest figures from the Australian Bureau Statistics (ABS) shows wages are up slightly from last year. "The September quarter is generally a quarter of solid wage growth, however ...

ASIC opens consultation on scaled advice

ANNABELLE DICKSON  |  TUESDAY, 17 NOV 2020
... unable to provide limited advice or trapped into providing lengthy documents where, honestly, a consumer is never going to read," she said. The paper is part of ASIC's Unmet Advice Needs project and acknowledges the changes the advice industry has undergone ...

Climate change reporting is cheap talk: Research

KARREN VERGARA  |  MONDAY, 16 NOV 2020
New research suggests that many companies engage in "cheap talk" and are ultimately greenwashing as a result of reporting poor quality emissions data. The University of Augsberg research paper, co-authored by Research Affiliates' Vitali Kalesnik ...

Asset managers want action on modern-day slavery

KARREN VERGARA  |  THURSDAY, 12 NOV 2020
... encourage companies to examine broader risks of labour exploitation as a leading indicator of modern slavery," the letter read. The coalition estimates over 40 million people globally are victims of modern-day slavery, the majority (71%) of which are ...

COVID-19 spurs proactive investing: Study

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... supermarkets (43%) than technology companies, should these become alternative providers of investment services," the report read.

Chief economist update: Letter V going viral in Australia

BENJAMIN ONG  |  WEDNESDAY, 11 NOV 2020
"Said the night wind to the little lamb, Do you see what I see?" The letter V is going viral in Australia (pardon the pun). It was most recently seen in the NAB Business Survey for October, underscored by the sharp rebound in business confidence and ...

Ares readies second credit fund

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
Ares's joint venture with Fidante Partners will launch a second credit fund later this year. The Ares Diversified Credit Fund will use an open-ended structure, similar to Revolution Asset Management's last private debt fund. It will invest in ...

Chief economist update: More money for reimposed lockdown

BENJAMIN ONG  |  FRIDAY, 6 NOV 2020
"Money, money, money Always sunny..." - ABBA The US presidential election remains undecided. The US Federal Reserve met and decided to keep the status quo - the complete opposite of the happenings on the other side of the Atlantic where both fiscal ...

Chief economist update: China's vote for US president

BENJAMIN ONG  |  THURSDAY, 5 NOV 2020
A new POTUS or four more years with the old one? America remains on knife-edge as the November 3 US presidential elections show that President Donald Trump and contender Joe Biden still have to secure the 270 electoral votes to claim the Oval Office. ...