| | FRIDAY, 19 OCT 2018 12:13PMAdvisers paying just 1% more for investments could erode their clients' nest eggs by 26% over 30 years, according to new data modelling from InvestSMART.|
|Amid the major banks lowering their lending participation rates, Qualitas sees a boom in the private debt real estate segment over the medium term.|
|A boutique under Bennelong Funds Management's UK business BennBridge has launched a new fund that will invest in UK small caps.|
|BT Financial Group is expanding its divestment from tobacco and controversial weapons.|
|Ian Macoun's multi-boutique house has launched a new affiliate that will manage the Blue Sky Alternatives Access Fund (BAF) as it separates from Blue Sky Investments (BLA).|
|The former Macquarie stock pickers have hit the brakes on a LIC based on their absolute return strategy after a few investors lapped up most of the raise.|
|Vanguard Australia is set to list two new exchange-traded funds on the ASX, enabling investment in international small companies and global listed infrastructure.|
|Colonial First State has vouched to offload all its tobacco-related investments by 2020, as it signs on to the UN-endorsed Tobacco-Free Finance Pledge.|
|BlackRock is set to manage $55 billion of passively managed assets on behalf of UK diversified financial services company Scottish Widows.|
|Aussie investors now have more money invested in the rapidly-expanding exchange traded fund market than in long-standing listed investment companies.|
At least 50 staff members at TAL have been made redundant as part of a wider move to scale back its direct life insurance business.
The Labor party will launch a senate inquiry into whether regulation around payday lenders such as Afterpay is adequately protecting low and middle income, and financially stressed Australians.
ASIC is set to review banking and financial literacy programs in Australian primary schools, including Commonwealth Bank's recently criticised Dollarmites program.
Self-managed super funds continue to have the lowest fees across all superannuation vehicles, charging an average total expense ratio of 0.82%, latest Rainmaker Research shows.
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