Shares slide on growth concerns

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Sharemarket trends; Reserve Bank speech Global sharemarkets fall: Shares in the US and Europe slid by around 2-4 per cent on Wednesday. Speech from Reserve Bank official: Reserve Bank Assistant Governor Luci... Read more continue reading

AFA presents 2018 Community Awards

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The Association of Financial Advisers (AFA) has introduced new categories in its community awards, recognising three levels of exceptional service to the association. The three categories include the existing AFA Appreciation Awards,... Read more continue reading

ATO not to appeal landmark DomaCom SMSF Ruling

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The Australian Government Solicitor advised DomaCom’s Lawyers that the Commissioner will not be applying for special leave to appeal the recent Full Federal Court decision that an investment by an SMSF in units... Read more continue reading

Financial adviser professional standards reforms – ASIC releases new instrument delaying reporting dates and making minor amendments

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ASIC has released a new legislative instrument relating to the professional standards reforms for financial advisers, as announced on 1 August 2018 (refer: 18-225MR). The instrument makes changes to the reporting... Read more continue reading

Record building work; positive consumers

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Consumer sentiment; Building activity Consumer confidence: The Westpac/Melbourne Institute survey of consumer sentiment index rose by 1.0 per cent to a reading of 101.5 in October. The sentiment index is... Read more continue reading

Beware the Australian property silent correction

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The US Federal Reserve hit the brakes for first time in 13 years, policy is now economically ‘restrictive’ The US Federal Reserve (the Fed) lifted interest rates to 2.25% as... Read more continue reading

Schroders’ pioneering objective-based fund reaches 10-year milestone

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The Schroders’ objective-based Real Return Fund has passed its 10-year milestone, having launched in the middle of the GFC. It was one of the first objective-based multi-asset funds in Australia. Schroders... Read more continue reading

Australia’s first social benefit bond reaches maturity

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This month, Australia’s first Social Benefit Bond matures, as announced by The Benevolent Society – Australia’s first charity. A Social Benefit Bond is an innovative finance mechanism where private investors... Read more continue reading

Fund manager calls for an alternative to Labor’s franking policy

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Leading income investment fund manager, Plato Investment Management Limited (Plato), has warned that the Australian Labor Party’s (ALP) proposed changes to Australia’s dividend imputation system may impact more superannuation funds... Read more continue reading

US equity markets can grind higher

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The latest Munro Global Growth Fund report has been released. In it, chief investment officer Nick Griffin says: “We continue to believe US equity markets can grind higher supported by... Read more continue reading