Time to go global as the US Federal Reserve can cut rates after weak US employment data

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Global trade data has been slowing rapidly over 2019, but last week’s US employment report was a dire warning, and can expedite the US Federal Reserve (the Fed) towards rate cuts later this year. US employment was weaker at a headline level, with revisions and average hourly earnings also slipping backwards, a trifecta of slowing […]

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Industry combines to urge Australians to understand and act ahead of Protecting Your Super changes on 1 July

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Two of Australia’s peak representative bodies in financial services have combined to create a public education campaign around the upcoming Protecting Your Super changes taking effect on 1 July. The campaign, titled “When did you last check your super”, was developed by the Association of Superannuation Funds of Australia (ASFA) and the Financial Services Council (FSC), on […]

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AMP recognises outstanding financial advice and advisers

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Outstanding financial advisers and advice practices in AMP’s network have been recognised in the AMP Adviser Awards. Advisers were awarded for outstanding examples of financial advice and their contribution to the community while the awards also highlighted strongly performing businesses among AMP’s nationwide network of advice practices. Individuals and businesses were awarded across the Charter, […]

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Housing market brightens; Chinese tourism slumps; Consumers unsure on best place to put savings

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Consumer confidence; Overseas arrivals; Credit cards Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment index fell by 0.6 per cent to 100.7 in June after rising by 0.6 per cent to 101.3 in May. The ANZ-Roy Morgan consumer confidence survey fell 1.4 per cent last week. Over June, the ANZ-Roy Morgan survey fell by […]

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Christian Super appoints Robeco for enhanced indexing mandate

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Robeco has been selected for a $100-million mandate by Christian Super for its Enhanced Indexing strategy. The expertise and experience of Robeco in integrating environmental, social and governance (ESG) criteria in investment decisions was an important factor in the decision. Robeco Enhanced Indexing Equities is an alternative to passive investing for investors looking for stable […]

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Ausbil appoints National Manager, Institutional Business

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In response to increasing demand both domestically and internationally, Ausbil Investment Management (Ausbil) has appointed Camila Skalberg as National Manager, Institutional Business. Ms Skalberg will be responsible for existing and new relationships with institutional clients and consultant relations. Ausbil, which has $11.7 billion in assets under management[1], has a mix of retail and institutional investors, including industry super funds, government funds and not-for- profits. Ms Skalberg was most recently a Portfolio Manager in Tailored Investment Solutions at AMP Capital working with institutional clients. Prior to that she was at the institutional investment manager, Wellington […]

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Insight Multi-Asset Weekly Update: World Bank downgrades 2019 global growth forecast

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Market and economic review After last week’s broad-based sell-off, risk assets received a reprieve on growing expectations of de-escalation in US/Mexico trade tensions via a possible postponement to the introduction of tariffs. Commentary from US central bank members signalling a willingness to adjust monetary policy should the outlook for growth and inflation outlook deteriorate from […]

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UNSW Business School to examine reverse mortgages

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Researchers from UNSW Business School will investigate behavioural and other issues behind the low uptake of reverse mortgages in Australia. A reverse mortgage is a loan that enables homeowners to access their home equity; the homeowner can borrow without having to make repayments while living in the home. Home equity is typically the largest component […]

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The Australian Economy: Now and 25 years ago

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Economic perspectives Australia 25 years ago: Every generation believes they face tougher times than other generations. But the current economic times stack up surprisingly well compared with the past. We look back over the past 25 years. Recently, globalisation has caused inflation and wages to grow at far slower rates than in the past while […]

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Domacom launches Senior Equity Release

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DomaCom’s long awaited Senior Equity Release was launched this week with an adviser accreditation course that will enable financial advisers to provide sign-off to seniors 60 years + looking for an equity release on their home. DomaCom is the first equity release to be issued as a financial product. All other equity release products are […]

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