ASIC warns financial services licensees against ‘cutting corners’ on death nomination forms

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The Australian Securities and Investments Commission (ASIC) is putting the financial advice sector on notice about meeting requirements for witnessing signatures, after finding issues with advisers failing to correctly witness binding death nomination forms for superannuation benefits. ASIC has become aware of a widespread practice among financial advisers of witnessing or having staff members witness […]

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Global institutional investors braced for market risks; pursuing an active approach in 2018

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Faced with low interest rates and relatively high valuations for risk assets, large global institutional investors are looking to protect themselves against downturn risks through maintaining their cash levels and selectively increasing allocations to active strategies, according to a new survey by BlackRock. While 65% of clients plan to leave cash allocations unchanged for the […]

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AFA brings APFinSA leaders to Sydney

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The Association of Financial Advisers (AFA) will host 50 Asia Pacific (APAC) financial advice leaders, including presidents and senior representatives from 11 financial adviser associations across the region, at the 15th Annual General Meeting (AGM) of the Asia Pacific Financial Services Association (APFinSA) in Sydney from 29 January-1 February 2018. APFinSA council members represent the […]

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Market Thinking – a view from the equity market

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The year has begun with a combination of momentum for last year’s thematics and some value from a recognition that despite projections a year ago, we are in a period of co-ordinated cyclical growth. Asia is at the heart of both and international investors are waking up to the fact that emerging market equities are […]

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2018 outlook: global equity outlook strong as volatility returns to the market

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The outlook for equity markets in 2018 is stronger internationally than locally, and volatility is likely to make a return, meaning investors may need to consider some portfolio protection, according to Grant Samuel Funds Management’s fund manager partners. Chief investment officer of international equities manager Munro Partners, Nick Griffin, says 2018 will be a time […]

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AMP honours Lifetime Achievers at annual Advice Summit

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AMP has honoured Lifetime Achievers from among its Australia-wide network of financial advisers at the company’s annual Advice Summit in Sydney. Advisers Geoff Cattach, Max Lewis and Ross Vanderwolf received the awards for their contribution to the Australian community, both in their roles as financial advisers and through their broader philanthropic work over many years. […]

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Household debt hits 200%; house prices sliding

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Total Household Debt restated upwards to 200% of disposable income In recent weeks there have been a number of data points which highlight the pressures facing the household sector. Household debt in Australia is extremely elevated and it was concerning to see the Australian Bureau of Statistics upwardly revise debt levels following the inclusion of […]

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DJW interim financial results 2018: $11.9m profit

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Djerriwarrh Investments (ASX: DJW) has released its HY 18 financial results, announcing a profit of $11.9 million. Djerriwarrh (market cap: $796.83m) is a listed investment company (LIC), specialising in investing in Australian equities where there is an active options market. Its top 20 investments include: Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corporation (ASX: […]

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Ignition Wealth announces appointment of Ignition Wealth Ireland CEO Alan Quinlan

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Ignition Wealth has announced the appointment of Alan Quinlan as CEO of the burgeoning Ignition Wealth Ireland business. Alan is highly experienced in the international fintech field, having held senior roles at several wealth houses including Australia’s BT Financial Group and Ireland’s Mercer. “Ignition Wealth has a multi-currency and multi-language platform which we are currently […]

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AMP Capital appoints new CFO/COO

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AMP Capital has appointed John Patrick (JP) Moorhead as its new Chief Financial Officer and Chief Operating Officer. Mr Moorhead replaces Margaret Payn, who is returning to the UK for family reasons after five years at AMP Capital.  Ms Payn will transition her responsibilities to Mr Moorhead when he joins AMP Capital on 30 April […]

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