Fortnum gears up for growth with new appointments

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Fortnum Private Wealth, has recruited former National Manager, Practice Advice at BT Financial Group, Kerry Thomas to the newly created position of Head of Advice, as the licensee continues to strengthen its professional advice framework. Ms Thomas, who has over 15 years of financial services experience, will report to Joel Taylor, Managing Director of Fortnum […]

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Manulife announces global partnership with World Heart Federation

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Manulife has announced the commencement of a new global partnership with the World Heart Federation (WHF) to bolster awareness of cardiovascular disease (CVD) and to increase CVD prevention efforts. CVD is the leading cause of death around the world, with 17.5 million people dying from CVD, such as heart attack and stroke, in 2015 alone. […]

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Learning to love Janet Yellen

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Principal Global Investors Chief Global Economist, Bob Baur, comments on U.S. monetary policy, China’s latest trade data and the synchronised global upturn. In a recent Wall Street Journal interview, President Trump said, ‘I do like a low-interest rate policy, I must be honest with you,’ quite a natural feeling from a real-estate baron who likely […]

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CommSec State of the States April 2017

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Overall Results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; business investment; unemployment; construction work done; population growth; housing finance and dwelling commencements. Just as the Reserve Bank uses long-term averages to determine the level of ‘normal’ interest rates; we […]

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SMSF Association rejects Labor proposal to ban LRBAs

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The SMSF Association remains supportive of Limited Recourse Borrowing Arrangements (LRBAs) in the wake of today’s announcement by the Labor Party to recommend their abolition in line with the Financial System Inquiry (FSI) final report. SMSF Association Managing Director/CEO Andrea Slattery says the right decision was made when this FSI recommendation was rejected in late […]

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ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services

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The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed last week in Melbourne, establishes a framework for cooperation between OJK and ASIC in the expanding space of innovation in financial services, agreeing to share […]

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‘Frexit’ looms over coming French presidential elections

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Philippe Waechter, Chief Economist, Natixis Asset Management looks at the market implications of a “Frexit”: “Currency would be at the very crux of the new framework that France would need to set up. The central bank would lose its independence and would be used as an instrument to finance state spending. In other words, the […]

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Super funds gain as risk outlook eases

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Fundamentals steady, but investors question reflation story Superannuation fund returns were driven higher in March, boosted by continued gains from the Australian share market. The median balanced option posted a return of 1.5%, while the return for Q1 2017 was 2.5%, weighed down by a small negative return in January. Global markets have generated strong […]

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AFA opens nominations for 2017 Excellence in Education Award

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The Association of Financial Advisers (AFA) has begun its 2017 search to recognise and reward financial advisers who demonstrate dedicated professionalism and outstanding commitment to lifelong learning, with nominations for the tenth AFA Excellence in Education Award (the Award) now open. AFA General Manager Member Services, Partnerships & Campus AFA, Nick Hakes said, “We are […]

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Proposed Carnell banking changes a boon for borrowers

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“The Carnell Report into banking practices should provide small business owners with a fairer, more equal relationship with their banks, if changes are accepted. The mooted changes would give clear timeframes on changing the terms and conditions of a banking arrangement. “Borrowers/business owners will only benefit if they obtain proper advice to help them take […]

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