Smaller companies are higher beta, but they need not be

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From time to time, the market reminds us of the inherent volatility of equities as an asset class. The December quarter of 2018 was a clear example of this, with the S&P/ASX 300 Index falling 8.4%; its largest quarterly decline since September 2011. However, the quarter was even tougher for smaller capitalisation stocks, with the […]

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Pengana Private Equity Trust IPO exceeds minimum

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Pengana Capital Group Limited (ASX: PCG), is pleased to announce that the minimum offer proceeds of $100 million for the Pengana Private Trust (ASX: PE1[1] the ‘Trust’) have been surpassed through applications and binding commitments. The initial public offer opened on 4 March 2019 and is strictly limited to $600 million. The offer is expected […]

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Weekly market update – week ending 15 March, 2019

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Investment markets and key developments over the past week Global share markets rose over the last week helped by benign economic data. Australian shares slipped though with consumer and financial shares down on worries about the economy. Bond yields were flat to up globally but fell in Australia with the 10-year bond yield falling back […]

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Increasing SMSFs from four to six members gets thumbs up

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The SMSF Association has thrown its weight behind the Federal Government’s proposal to increase the maximum number of members in a self-managed super fund (SMSF) from four to six. In its submission to the Senate Standing Committee on Economics, the Association says such an increase “will provide additional flexibility and choice in the superannuation system”. Association […]

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AFA Life Company of the Year Awards – and the winners are…

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TAL Life has taken out the title of AFA Life Company of the Year for the second consecutive year. TAL Life was named overall Platinum Winner of the AFA Life Company of the Year Awards (the Awards) for 2018 at an event in Sydney tonight. AIA Australia, OnePath Life and Zurich Financial Services Australia were […]

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ASIC has reported on corporate finance regulation from July to December 2018, highlighting some concerns on disclosure

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ASIC has published its tenth report on the regulation of corporate finance issues. The latest report covers the period from July to December 2018 and provides an update on specific focus areas for the next six months. Report 612 ASIC regulation of corporate finance: July to December 2018 (REP 612) provides statistical data and includes relevant guidance […]

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FPA visits 33 locations to help rally and support financial planners facing change together

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Thousands of financial planners from 33 locations across the country are expected to come together during the 2019 Financial Planning Association of Australia (FPA) National Roadshow to tackle the implications of changing education, ethics, and professional standards to their daily practice. The 2019 FPA National Roadshow, supported by Challenger, is designed to build a sense […]

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Financial services workers more stressed and less engaged than average

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Over a quarter of people in the financial services industry experience very high levels of stress in their job, according to SuperFriend, the workplace mental health and wellbeing partner for the superannuation and insurance industry. The Financial and Insurance Services Industry Profile Report, an industry snapshot taken from SuperFriend’s annual Indicators of a Thriving Workplace survey of 5,000 […]

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ACTU call for inquiry into SMSFs ‘unwarranted’

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The ACTU’s call for a fresh inquiry into the self-managed super fund (SMSF) sector based on the recent Productivity Commission (PC) Review of Superannuation is totally unwarranted, says SMSF Association CEO John Maroney. “It has been clearly demonstrated that the PC’s analysis showing SMSFs with less than $500,000 are underperforming the APRA-regulated funds used highly […]

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New Directors to join Frontier Board

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Frontier Advisors, one of Australia’s leading asset consultancies, has appointed two new Directors with Dr John Edwards and Dr Deborah Cole joining the firm’s Board. They replace long-standing Directors David Atkin and Angela Emslie as appointed representatives of partowners Cbus and HESTA, respectively. Ms Emslie will remain on the Board as an independent Director. Frontier […]

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