Curt Zuber to retire, Joanne Dawson appointed to Group Treasurer role

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Westpac has announced that Acting Chief Executive, Westpac Institutional Bank (WIB), Curt Zuber, will be retiring from Westpac in 2021. Joanne Dawson has been appointed Group Treasurer, effective immediately. Westpac... Read more continue reading

Zenith rates Morgan Stanley global equities funds “recommended”

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In its first review, Zenith has rated two Morgan Stanley Investment Management (MSIM) global equities funds as “recommended”, following the partnership formed with SG Hiscock & Company in July to... Read more continue reading

Actuaries Institute Taskforce finds broad changes needed to sustain disability income insurance market

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An Actuaries Institute Taskforce has made sweeping recommendations for broad changes to Australia’s retail disability income insurance market to reset sustainability for a sector under threat. Taskforce Convenor Ian Laughlin... Read more continue reading

Aberdeen Standard Investments adds new financial planning firms to growing SMA service

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Aberdeen Standard Investments (ASI) has signed two more financial planning firms to its separately managed account (SMA) service, as it continues to rapidly grow its presence in the market. Queensland-based... Read more continue reading

Iress announces final all-cash offer under OneVue Scheme

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Iress (IRE.ASX) has announced an increase to the consideration under the proposed Scheme of Arrangement (the Scheme) with OneVue Holdings Limited (OVH.ASX) (OneVue). The consideration that OneVue shareholders will be... Read more continue reading

The Best of Both Worlds AstuteWheel integrates with Xplan

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In response to a call from advisers using both services, leading financial advice client engagement software provider AstuteWheel has successfully integrated with Xplan. AstuteWheel managing director, Hans Egger, says AstuteWheel... Read more continue reading

Earnings shaky but green shoots for global growth

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Company earnings are unlikely to return to pre-pandemic levels until late 2021 at the earliest, with many companies unwilling to provide growth numbers for more than a couple of quarters,... Read more continue reading

Weekly market update – week ending 25 September, 2020

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Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe... Read more continue reading

Nikko AM receives ‘Highly Recommended’ rating from Lonsec

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Nikko Asset Management Australia (Nikko AM) has announced that its Nikko AM Australian Bond Fund received an upgrade to ‘Highly Recommended’ from the Lonsec Group on 16 September 2020. This... Read more continue reading

La Trobe Financial completes $500 million RMBS issuance 2020-S1

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La Trobe Financial has announced that it has successfully completed its second RMBS transaction for 2020 (and its 11th issuance since 2014) – a $500 million RMBS tactical issuance, supplementing... Read more continue reading