Plummer urges the financial services industry to take the data breach privacy act seriously in 2018

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Julian Plummer, Managing Director of Kamino Cyber Security (and Midwinter Financial Services) has urged advisers, accountants and superannuation funds to ensure that the new Australian mandatory data breach notification laws are given top priority in their businesses coming into 2018. The recently introduced laws, (which receive royal ascent in February 2018) specify that all businesses […]

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Amazon’s Aussie entry: ‘Overhyped but offshore lessons aplenty’

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Martin Currie Australia, a leading Australian equity affiliate of Legg Mason, believes Australian retail sector can, by and large, cope with the arrival of Amazon and that the most vulnerable businesses will be the second-tier ones in the consumer electronics sector, where Amazon has a strong record of success. Consumer sector research analyst at Martin […]

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Probability is power but numbers alone can’t change behaviour

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Uncertainty is a fundamental part of investing. The outcome of fluctuations in economies, markets, asset classes, regulations and investor behaviour is never more than a probability. Monte Carlo simulation can empower investors to understand such fluctuations like never before.  However probabilistic information can also make many prospective retirees uncomfortable. However high a model might suggest, […]

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Populism: alive and kicking

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The German Election Last June, after the “Brexit” referendum—the U.K.’s unexpected vote to leave the European Union (EU)—market participants began to worry that Brexit signaled the beginning of the end of the great EU integration project. However, consecutive election failures by the anti-EU parties in the Netherlands and France led to a sharp reversal of EU break-up fears; instead, the market narrative […]

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Regnan calls for greater disclosure on people strategy

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Regnan has called for greater transparency by large corporates about their longer term people strategy in the face of a very disruptive environment. To support this outcome, Regnan has launched a paper to provide guidance to corporates on improving disclosure of issues of material significance related to strategic management of people (human capital). The preservation […]

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It’s time to auction your loan: Australian entrepreneur and philanthropist Barry Lambert warns hard times ahead for borrowers

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With Australian banks beginning the cycle of raising interest rates, the writing is on the wall for Australian borrowers. For most Australians, the family home is the greatest asset, with ownership a key pillar to a comfortable retirement. But record house prices and elevated debt mean that most Australians will be working for longer to […]

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SMSF sector loses out under new industry education & professional standards

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Although he welcomes the financial service sector’s education and professional standards introduced into Parliament last year, industry consultant and former planner John Wiseman says the new changes have overlooked a gaping need for similar compulsory academic and professional requirements for SMSF trustees. Commenting further, John Wiseman said with nearly 30% of Australia’s $2.1trillion of superannuation […]

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A Final Word on Trowbridge

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A Final Word on Trowbridge LIF is upon us, and a retrospective gnashing and wailing is not particularly helpful. But it should serve as a warning for the future – as Santyana observed: “Those who do not remember the past are condemned to repeat it”. The publication of the Trowbridge Report in Australia contained proposals […]

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CER – Comparative Emerging Regulations

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Since FSRA hit the market in 2004, NZ observers have been watching the progress and developments of the post-regulatory experience in the financial services industry in Australia. With the introduction of the Financial Advisers Act 2008, New Zealand took the first steps toward the regulation of the behaviour and practices of investment and life insurance […]

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Political revolution hits America

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Much like the BREXIT vote, which seemed doomed at the end by the assassination of a key “Remain” politician that was deemed to make many “Leave” voters think their movement was hopelessly stained, Americans surprised the consensus with an anti-establishment vote, in particular by disagreeing with Clinton’s policies and with the FBI’s leadership’s view that […]

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