Nikko Asset Management Australia Appoints Naomi Edwards as Non-Executive Director

From

 Nikko Asset Management Australia (“Nikko AM”) is pleased to announce the appointment of Naomi Edwards as a Non-Executive Director of Nikko Asset Management Australia Limited and Nikko AM Limited, effective... Read more continue reading

CommSec State of the States – October 2018

From

Overall results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work... Read more continue reading

FINSIA keeps pushing for professionalism in its submission to the Hayne Inquiry

From

FINSIA, the Financial Services Institute of Australasia, keeps pushing for professionalisation by advocating for uniform standards of conduct and competence for individuals in its second submission to Commissioner Hayne’s inquiry.... Read more continue reading

Self-managed superannuation funds auditor enforcement actions

From

ASIC has deregistered, suspended or imposed conditions on 101 self-managed superannuation funds (SMSF) auditors for audit quality and independence issues or on fit and proper person criteria since the registration... Read more continue reading

Make Limited Recourse Borrowing Arrangements ‘limited recourse’ 

From

The SMSF Association is calling for a two-pronged policy change to ensure Limited Recourse Borrowing Arrangements (LRBAs) remain a legitimate retirement savings strategy, especially for small business owners. SMSF Association... Read more continue reading

AMP agrees to sell wealth protection and mature businesses

From

AMP Limited has announced the successful completion of its portfolio review including an agreement to divest its Australian and New Zealand wealth protection and mature businesses (AMP Life) and reinsure... Read more continue reading

Hobart skilled job vacancies hit 4-year high – Record job ads for health & welfare workers

From

Skilled job vacancies; Manufacturing Skilled vacancies: The Internet Vacancy Index fell by 0.6 per cent in September. The index is 1.6 per cent higher than a year ago – the slowest annual... Read more continue reading

Financial firms yet to join Australian Financial Complaints Authority must act immediately

From

More than 35,000 financial firms required to join the Australian Financial Complaints Authority (AFCA) have now joined the scheme. There are more than 300 licensed financial firms who are still... Read more continue reading

Are shares expensive?

From

Key points Starting point valuations for shares matter a lot in terms of medium-term return potential and vulnerability to share market falls. Basically, the cheaper the better. Developed market shares... Read more continue reading

COBA says legislative reform will spur bank sector competition

From

Legislation to allow Australia’s customer owned banking sector to more easily raise capital will increase its ability to compete with the nation’s major banks. “We welcome the Government’s draft bill,... Read more continue reading