An Actuaries Institute Taskforce has made sweeping recommendations for broad changes to Australia’s retail disability income insurance market to reset sustainability for a sector under threat. Taskforce Convenor Ian Laughlin said without an overhaul, those who need cover may not be able to afford it in the future and life insurance companies selling individual disability... Read more continue reading
29
Sep
2020
Aberdeen Standard Investments (ASI) has signed two more financial planning firms to its separately managed account (SMA) service, as it continues to rapidly grow its presence in the market. Queensland-based financial planning licensee Futuro Financial Services and WA-based advice firm Profusion Planning are the latest to have joined ASI’s SMA Service, which manages 18 multi-asset,... Read more continue reading
29
Sep
2020
Iress (IRE.ASX) has announced an increase to the consideration under the proposed Scheme of Arrangement (the Scheme) with OneVue Holdings Limited (OVH.ASX) (OneVue). The consideration that OneVue shareholders will be entitled to receive for their shares under the terms of the Scheme will increase from 40 cents per share to 43 cents per share. OneVue... Read more continue reading
29
Sep
2020
In response to a call from advisers using both services, leading financial advice client engagement software provider AstuteWheel has successfully integrated with Xplan. AstuteWheel managing director, Hans Egger, says AstuteWheel decided to integrate with Xplan following requests from mutual clients. “Responses to a question on our own survey of advisers who use AstuteWheel and Xplan... Read more continue reading
29
Sep
2020
Company earnings are unlikely to return to pre-pandemic levels until late 2021 at the earliest, with many companies unwilling to provide growth numbers for more than a couple of quarters, according to senior client portfolio manager at American Century Investments, Bernard Chua. However, there are signs of green shoots in some regions and sectors. Mr... Read more continue reading
29
Sep
2020
Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe and the lack of progress towards additional fiscal stimulus in the US. Australian shares managed a decent gain through the week with banks boosted by... Read more continue reading
28
Sep
2020
Nikko Asset Management Australia (Nikko AM) has announced that its Nikko AM Australian Bond Fund received an upgrade to ‘Highly Recommended’ from the Lonsec Group on 16 September 2020. This comes after the Nikko AM Australian Bond Fund received a ‘Recommended’ rating from Zenith, a Morningstar Analyst Rating™ of Bronze as of 7th January 2020,... Read more continue reading
28
Sep
2020
AXA Investment Managers, BNP Paribas Asset Management (“BNPP AM”), Sycomore Asset Management and Mirova (an affiliate of Natixis Investment Managers) are pleased to announce that they have selected the consortium comprised of Iceberg Data Lab and I Care & Consult as the research provider to develop a tool to allow investors to measure how their... Read more continue reading
28
Sep
2020
ASIC is extending the temporary relief for capital raisings and financial advice due to the continuing uncertain impacts of COVID-19. ASIC is also extending the financial advice relief related to the COVID-19 early release of superannuation scheme in light of the extension of the scheme by the Government. The capital raisings relief aims to assist... Read more continue reading
25
Sep
2020
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