AMP strengthens corporate super business

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AMP Financial Services (AFS) has strengthened its focus on the corporate super business with a number of senior appointments to help drive AMP’s corporate super strategy at a time of significant regulatory... Read more continue reading

SPAA backs ASIC stance on gearing by SMSFs

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The SMSF Professionals’ Association of Australia (SPAA) fully supports the strong reservations expressed by the Australian Securities and Investments Commission (ASIC) about the aggressive marketing of geared property investment strategies to SMSFs. Jordan... Read more continue reading

Australian custody market continues to grow

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ACSA unveils latest custody and administration statistics The Australian Custodial Services Association (ACSA)  released its half yearly industry statistics showing continued growth in Australia’s custodian and administration sector. The latest... Read more continue reading

ANZ appoints Kerri Thompson as Managing Director Bancassurance and Customer Experience

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ANZ today announced the appointment of Kerri Thompson to the new position of Managing Director Bancassurance and Customer Experience, ANZ Wealth, reporting to ANZ Global Wealth CEO Joyce Phillips. Mrs Thompson is... Read more continue reading

Still no joy for retailers; Record foreign debt

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Retail Trade; Balance of Payments; Government Finance Retail trade rose by just 0.1 per cent in July after a flat result in June. Annual spending growth rose from 1.1 per cent... Read more continue reading

MySuper bites into employee benefits

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Employers may be forced to reduce the benefits they provide for their employees as a result of Stronger Super legislation, as certain super funds change their structure to comply with... Read more continue reading

ASIC accepts enforceable undertaking from Wealthsure Pty Ltd, Wealthsure Financial Services Pty Ltd and their former CEO

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ASIC has accepted an enforceable undertaking (EU) from Wealthsure Pty Ltd (Wealthsure), Wealthsure Financial Services Pty Ltd (Wealthsure FS) and the former CEO of both companies, Mr Darren Pawski. Wealthsure... Read more continue reading

Weekly market & economic update: Week ending August 30

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Key events of the past week and implications Share markets had another volatile week with concerns about a strike on Syria weighing on confidence, and emerging market assets, particularly currencies,... Read more continue reading

Super low rates entice borrowers

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Private sector credit Private sector credit (loans outstanding) rose by 0.4 per cent in July. Credit stands 3.2 per cent higher than a year ago. What do the figures show? Private... Read more continue reading

Investing in demographics

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Identifying structural growth winners underpinned by demographic megatrends In this paper, we argue the equity market is less efficient at valuing companies benefiting from structural growth, which creates opportunities for... Read more continue reading