Actuaries Institute Taskforce finds broad changes needed to sustain disability income insurance market

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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

Aberdeen Standard Investments adds new financial planning firms to growing SMA service

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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

Iress announces final all-cash offer under OneVue Scheme

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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

The Best of Both Worlds AstuteWheel integrates with Xplan

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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

Earnings shaky but green shoots for global growth

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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

Weekly market update – week ending 25 September, 2020

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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

Nikko AM receives ‘Highly Recommended’ rating from Lonsec

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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

La Trobe Financial completes $500 million RMBS issuance 2020-S1

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La Trobe Financial has announced that it has successfully completed its second RMBS transaction for 2020 (and its 11th issuance since 2014) – a $500 million RMBS tactical issuance, supplementing its diverse funding program. La Trobe Financial was able to complete the specialist transaction with repeat support from domestic and global investment houses and included... Read more continue reading

First of its kind biodiversity tool for investors announced

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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

ASIC extends COVID-19 relief for certain capital raisings and financial advice

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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