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More poor customer outcomes expected: Narev

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2016
Commonwealth Bank chief executive Ian Narev anticipates there will be more cases of poor customer outcomes as an independent review of the bank continues. Narev told the ongoing parliamentary committee in Canberra yesterday that while CBA has implemented ...

IOOF upgrades Pursuit functionality

JAMIE WILLIAMSON  |  MONDAY, 26 SEP 2016
IOOF has introduced a new automatic re-weighting function to its Pursuit platform. The new feature, available through Pursuit's Portfolio Online portal, allows advisers to choose between re-weighting client's portfolios to a desired percentage or to ...

Suncorp appoints new wealth CEO

ALEX BURKE  |  THURSDAY, 22 SEP 2016
Suncorp has appointed a new chief executive banking and wealth, and made two other leadership team changes. David Carter was previously chief financial officer for banking and wealth. He has held other roles at Suncorp, including executive general manager ...

Sentry Group partners for back office solution

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
Sentry Group has entered an exclusive joint venture arrangement with an ASX listed company which specialises in software development. Under stage one of the arrangement, Intiger Asset Management, a wholly own subsidiary of the Intiger Group, will provide ...

BNP appoints sales manager from J.P. Morgan

ALEX BURKE  |  FRIDAY, 16 SEP 2016
BNP Paribas has appointed a new sales manager for New South Wales and Queensland. David Pember joins BNP from J.P. Morgan, where he was executive director, sales manager asset managers and insurance companies. Prior to that, he was a director of strategic ...

Businesses face unprecedented cyber threats: CIA

KERRIE SYDEE  |  TUESDAY, 13 SEP 2016
... comes complex threats and complex challenges," MacGibbon said. "The more we have the adoption of technology, the more we advance, the greater those threats are." Speaking to the delivery of the 2016 online Census, MacGibbon said not only do governments ...

Proliferation of global equity products meet investor demand

JAMIE WILLIAMSON  |  TUESDAY, 13 SEP 2016
Lonsec Research has revealed a swell in global equity products in reaction to growing investor demand for global exposure and a variety of different strategies. Lonsec Research's recent Global Equities Sector Review showed that 2015-16 saw 172 different ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 9 SEP 2016
US consumer credit Total US consumer credit went up by US$17.7 billion in July, stronger than the previous month's US14.5 billion increase and more than market expectations for a US$15.6 billion rise. Non-revolving credit - i.e. car and student loans ...

Enrolments point to adviser growth

KERRIE SYDEE  |  WEDNESDAY, 7 SEP 2016
New figures from education provider Kaplan Professional suggest a greater number of people are embracing financial advice as a career. Data from the end of August showed there was close to a 30% increase in financial services enrolments compared to ...

Super funds must harvest farmland

DARREN SNYDER  |  WEDNESDAY, 7 SEP 2016
A global real assets manager believes there are significant tailwinds for institutional investors placing capital in agriculture over the coming years, provided the approach is diversified and global. TIAA Global Real Assets managing director John Goodreds ...