John Kavanagh
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Nikko diagnoses a ‘technical correction’

The Australian equity market is still on track to produce returns of 12 to 14 per cent this year, despite the falls of recent days, according to senior fund manager. Brad Potter, the head of Australian equities at Nikko Asset…

Smaller IPOs deliver for investors… and their promoters

The IPO market has been a happy hunting ground for investors over the past year, with the share price of companies that listed on the ASX in 2017 rising by an average of 46 per cent by the end of…

ASIC gives planning industry a big to-do list

ASIC’s latest review of financial advice practices will lead to a bigger compliance workload for the financial planning industry. The regulator has flagged a number of “actions for industry”. Planners have been put on notice. In the wake of a…

Aberdeen Leaders goes in-house, flags name change

Former Crestone Wealth Management chief investment officer, David Sokulsky, has taken the reins at listed investment company Aberdeen Leaders Ltd (ALR), as it takes its investment management “in-house”. ALR’s investment management agreement with Aberdeen Asset Management comes to an end…

More twists at Aurora as Huntley takes on RNY Property Trust

Following the completion of its takeover of RNY Property Trust last October, Aurora Funds Management is moving to replace the current responsible entity with Huntley Management. Aurora, which now holds more than 80 per cent of RNY units through related…

Data breach: another thing for advisers to worry about

Australia’s new data breach reporting regime kicks off next month, introducing significant new responsibilities for companies covered by the Privacy Act. Commencing on February 22, the ‘Notifiable Data Breach’ scheme will cover data breaches that are likely to result in…

Brokers lose as life insurance sales go direct online

Direct-to-consumer online selling of life insurance is the fastest growing distribution channel in the industry, while broker sales are in decline, according to new Roy Morgan research. Online sales accounted for 10.1 per cent of life insurance sales over the…

Insurance in super awareness levels at rock bottom

One in four working age Australians do not know that they have life insurance cover through their super fund and, of those fund members who have reviewed their policy, fewer than one in three have ever changed the level of…

ICO market set for take-off: get ready for the ‘coin’

Corporate advisory firm Digital X has announced that it is working with four companies on their initial coin offerings, after helping arrange Australia’s first significant ICO earlier this year. The firm is leading the development of an innovative new fundraising…

Regulatory change the order of the day in 2018

The financial services industry is set for more change in the year ahead, with a number regulatory reforms taking effect and more still on the drawing board. Here is a summary of some of main changes that will occur. Life…