As the Royal Commission into the Banking, Superannuation & Financial Services Industry gets underway Connect Financial Service Brokers (Connect) CEO Paul Tynan said he expects an acknowledgement of the fundamental issues when you combine banking and advice services. Commenting further Paul Tynan said, “The essential difference is that banking has a short-term time horizon and […]
continue readingJulian 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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08
Dec
2017
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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06
Dec
2017
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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20
Oct
2017
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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05
Oct
2017
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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08
Sep
2017
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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19
Jan
2017
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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17
Jan
2017
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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22
Nov
2016
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