Insight Multi-Asset weekly update – week commencing 9 September, 2019

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Market and economic review US-China trade talks resume and constructive political developments support risk assets Risk assets performed well last week as investor sentiment was buoyed by a series of supportive trade and political developments. The main catalyst was the agreement between the US and China to meet for a new round of trade talks, […]

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Vanguard announces a new series of funds providing lower cost choice in active management for Australian investors

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Vanguard has announced its new Manager Select Series, a range of low cost actively managed funds employing world-leading active management talent. The new funds include the Vanguard Active Global Growth Fund managed by Baillie Gifford; the Vanguard Active Emerging Markets Equity Fund managed by Wellington Management, and the Vanguard Active Global Credit Bond Fund managed […]

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Saxo Markets joins forces with Sharesight to provide an institutional grade reporting service

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Saxo Markets, the multi-asset trading and investing specialist, and Sharesight, a portfolio tracking and tax reporting service provider, have announced a new partnership to deliver an integrated recordkeeping service for self-directed investors. The Open Banking-like initiative, integrated through an open API, will allow Saxo clients in Australia to create share trading summary reports with one […]

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Social issues, climate change lead State Street Global Advisors’ asset stewardship agenda

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State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the release of its Annual Stewardship Report, showcasing the results of its annual stewardship activities, highlighting year-to-date progress, and identifying key focus areas into 2020. “Stewardship is integral to our investment approach because we regard it is an essential […]

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Annual business trading conditions hit 4-year low; Chinese annual food inflation hits 7½-year high

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NAB Business survey; Weekly consumer sentiment; China data Business survey: The NAB business confidence index fell from +3.8 points in July to +1.4 points in August. The long-term average is +5.9 points. And the business conditions index fell from +2.6 points in July to a near 5-year low of +0.5 points in August. The long-term […]

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Xinja Bank is the first, independent Australian neobank to get a licence and launch bank accounts

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Xinja Bank has been granted a full banking licence, and opened bank accounts to early customers: the first transaction accounts from an independent, 100% Australian neobank. The Australian Prudential Regulation Authority (APRA) said it has granted Xinja its full banking licence. Xinja Bank is 100% digital and designed for mobile. It plans to shake up […]

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ASIC commences court action against Select AFSL over phone sales of life insurance

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ASIC has commenced civil penalty proceedings in the Federal Court against Select AFSL Pty Ltd (Select), BlueInc Services Pty Ltd (BlueInc), Insurance Marketing Services Pty Ltd (IMS) and director Russell Howden alleging breaches of the law arising from telephone sales of life and accidental injury insurance issued by St Andrew’s Life Insurance Pty Ltd under […]

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Topdocs partners with The Legal Hub and launches new estate planning platform

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Leading legal document provider Topdocs has announced a new partnership with The Legal Hub as well as the release of their newly updated online estate planning platform, Topdocs Protect. Through Topdocs Protect financial planners and accountants nationwide can request online and full service estate planning documentation and services including Wills and Enduring Powers of Attorney. […]

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Timing of negative super returns can determine fate of retirees

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A combination of factors has created fertile ground for market volatility, resulting in a bumpy ride for super members, who have experienced six negative monthly returns over the past year. According to SuperRatings, the median balanced option return for August was an estimated -0.5%, with the negative result driven by a fall in Australian and […]

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Revocation of an Enduring Power of Attorney

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Sometimes it’s necessary to change your power of attorney in which case you’re going to need to revoke the existing appointment. What would happen if you decided that the person you have appointed as your Enduring Power of Attorney is no longer suitable for the role? Perhaps your relationship with your previously appointed attorney isn’t […]

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