Tight rental vacancy rates trigger across the board surges in rents

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SQM Research has revealed the national residential rental vacancy rate remains tight at just 1.7% over the month of July 2021. Meanwhile, rents surged for yet another month in most... Read more continue reading

State Street bolsters its Collateral Management Team in APAC with new appointment

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State Street Corporation has announced the appointment of Sam Edwards as head of Collateral Management for Asia Pacific, effective immediately. Edwards, with almost two decades of experience in securities finance,... Read more continue reading

Pandemic spurs banks’ AI adoption for anti-money laundering

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A third of financial institutions are accelerating their AI and machine learning (ML) adoption for anti-money laundering (AML) technology in response to COVID-19. Meanwhile, another 39% of compliance professionals said... Read more continue reading

Weekly economic & market update – week ending 13 August, 2021

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Investment markets and key developments over the past week Global share markets continued to rise over the last week with reopening and earnings optimism offsetting Delta concerns and propelling US... Read more continue reading

Compensation scheme of last resort may be last straw for financial advice industry

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Eight of Australia’s largest financial advice industry associations have united to oppose the design of the compensation scheme of last resort, contained in draft legislation released for public consultation. Chartered... Read more continue reading

Aberdeen Standard Investments strengthens Asia Pacific distribution team to drive growth

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Aberdeen Standard Investments (ASI) has appointed David Hanzl as Head of Wholesale – Asia Pacific and Sean Lee as Head of Institutional Sales – South East Asia. The appointments strengthen... Read more continue reading

State Street supports Putnam Investments’ entry into the ETF market

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State Street Corporation has announced that it has begun working with Putnam Investments on the servicing of the investment management firm’s first actively managed, semi-transparent exchange traded funds (ETF). Putnam... Read more continue reading

AMP announces 1H 21 results

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1H 21 results Improved 1H 21 performance, with recovery in economic and market conditions, and transformation strategy delivery driving 57 per cent increase in underlying earnings. NPAT (underlying)[1] of A$181... Read more continue reading

Measured approach needed to retirement income covenant

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The SMSF Association is calling for a measured approach to the introduction of the proposed retirement income covenant for superannuation fund trustees. In response to Treasury’s recent position paper, the... Read more continue reading

ASIC’s approach to new laws reforming financial services sector

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Six reforms arising out of recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) and other inquiries will commence in October. The... Read more continue reading