Smooth Retirement and Pension Boost announce partnership

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Equity release specialists Smooth Retirement and Pension Loans Scheme platform Pension Boost today announced they have entered into a strategic partnership. The companies have teamed together to augment their compatible capabilities and to deliver greater value to clients through the provision of expert advice and assistance with all forms of home equity release. Smooth Retirement […]

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New law clarifies minor’s tax on testamentary trust income

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A minor pays tax at adult marginal rates on income received from a testamentary trust. The new law seeks to stop non-estate assets making their way into those trusts in order to increase that income and access those marginal rates. In the 2018-19 Budget, the Government announced that it will implement an integrity measure to […]

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Xplore Wealth Ltd appoints New Non-Executive Director as Mr Peter Brook departs

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Xplore Wealth Ltd (ASX: XPL) has announced the appointment of Julie Berry as Non-Executive Director to the Xplore Wealth board, as the Company embarks on a new stage of its growth and development plans. Ms Berry is an accomplished director who has advised public listed entities and privately owned businesses with an emphasis on advice and […]

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MyState launches new managed fund platform

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MyState Limited (ASX:MYS), the banking and wealth management group, today announced that its wealth management business, TPT Wealth, has launched a new platform providing managed fund investors with national digital services. MyState’s Managing Director and CEO, Melos Sulicich, said, “We are modernising wealth services for managed fund investors as part of a multi-year ongoing investment […]

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FASEA welcomes new director

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The Financial Adviser Standards and Ethics Authority (FASEA) notes the Government’s announcement of the appointment of Will Hamilton to the Board effective 9 December 2019. On behalf of the FASEA Board, Chair Catherine Walter AM welcomes the appointment of Will and looks forward to the opportunity to work with him and draw on his expertise in continuing […]

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Australian tech start up launches world’s first standardised culture index

The world’s first independent and standardised index creating culture transparency, launched this week, provides companies with the capacity to measure and strengthen corporate culture. A tangible response to the current crisis in Australian corporate culture exposed by the Hayne Royal Commission, Melbourne-based start-up The Workability Index’s platform also provides companies with strong cultures the capacity […]

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AMP Capital expands investment in University of Melbourne student accommodation 

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AMP Capital has agreed to acquire the student accommodation concession for Melbourne Connect, a new campus being built by the University of Melbourne to bring together high-calibre research, industry, government and higher-degree students in a purpose-built precinct. The acquisition has been made on behalf of investors in the AMP Capital Diversified Infrastructure Trust (ADIT). The […]

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Financial quality metrics and ESG factor interactions can impact equity markets

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As investors seek to integrate ESG data into their investment processes, they can mistakenly conflate ESG scores in practice with the more familiar financial quality metrics. But this conflation stems from insufficient research that has yielded inconclusive results note Yijia Chen, ESG Quantitative Research Analyst and Alexander Deleon, Quantitative Research Analyst at Calvert Research and […]

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Westpac completes Share Purchase Plan raising approximately $770 million

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Westpac has announced the completion of its Share Purchase Plan (“SPP”) following the closing of the SPP on 2 December 2019. The SPP raised approximately $770 million and approximately 31.9 million new shares in Westpac (“SPP Shares”) will be issued to successful applicants on 11 December 2019. In accordance with the SPP Terms and Conditions, […]

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Non-bank lending giving Australian businesses opportunity to grow

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Australian private finance and investment house Wingate said unmet demand for corporate debt funding had given rise to new opportunities for non-bank lenders to support growing businesses and diversify opportunities for its investors. Kevin Wunsh, Managing Director Wingate Corporate Investments, said that a shift in the banking system is providing a significant opportunity to deliver […]

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