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Managed accounts provider replaces Praemium

KANIKA SOOD  |  FRIDAY, 2 NOV 2018
A managed accounts provider is replacing its Praemium-powered separately managed accounts (SMA) with a new solution, lowering fees. InvestSMART is transitioning about $100 million of client money from its Praemium SMAs to a new professionally managed ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
Assistant Treasurer Stuart Robert announced two major updates to the proposed Comprehensive Income Products for Retirement (CIPRs) initiative, one of which is giving superannuation trustees more time to get retirement income strategies in order. Robert ...

Chief investment officer retires

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
The chief investment officer at a prominent Australian asset manager is retiring after working at the firm for 12 years. Wilson Asset Management chief investment officer Chris Stott will soon retire to spend more time with his young family. Chairman ...

CBA ramps up blockchain

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... transferred." "So [it is] very different to if you had asked the question a year ago or two years ago where we would hgave said that yes we are almost, almost, almost putting things into production. Gilders says CBA is now putting things into production ...

Assistant Treasurer refutes breach allegations

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
... "Because I understand the company is required to notify within 28 days." "As I sort of intimated in the earlier question, yes, there is laws there about the time within which those lodgments have to occur, and there is a breach that's possible there ...

Former Olympian to lead investment house

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
A former Olympic swimmer has been named as the new chief executive at a diversified financial services firm. Grant Hackett was appointed chief executive at the Generation Development Group (GDG) annual general meeting yesterday. Hackett's focus ...

Idle technology leaves super fund members behind

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
As superannuation funds grapple with digital advancement, their young membership base become further disconnected from the wealth and super system, according to a Zuper co-founder. Chief product officer and co-founder Jon Holloway told yesterday's ...

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
Life insurance reforms proposed to provide better rehabilitation and early intervention treatment have been scrapped by the Federal Government. In response to the Parliamentary Joint Committee on Corporations and Financial Services' report released ...

Billionaire investor says markets in late cycle but anything possible

KANIKA SOOD  |  TUESDAY, 23 OCT 2018
Oaktree Capital Management cofounder Howard Marks says the current bull market is in a late stage but it could still go "up, sideways or down." Marks's firm has more than US$120 billion in assets under management. He addressed a media briefing in ...

Chief economist update: If you can't beat Trump, copy Trump

BENJAMIN ONG  |  TUESDAY, 23 OCT 2018
The Shanghai composite index surged by 4.1% at the end of yesterday's trading activity in China. This is the biggest single day gained since 2 March 2016 (4.3%) and followed the 2.5% jump in the index last Friday. This is to be expected given that ...