Executing climate investment principles a major challenge

Institutional investment managers and retirement fund trustees around the word are struggling to deal with the practicalities of incorporating climate risk principals into their investment practices, a new survey has found. While…

Cashwerkz board takes action to stop outflows

After announcing ambitious expansion plans in January, term deposit marketplace Cashwerkz has paused to overhaul its board and management in the face of funds outflows. Chief executive Hector Ortiz is being relegated…

People: Fidante GM steps up to senior Challenger role

Fidante Partners general manager, Nick Hamilton has been promoted to the role of chief executive, funds management at Fidante’s parent company, Challenger Limited.  Hamilton joined Challenger as Fidante’s head of product and…

Talk about an index fund bubble is very passive-aggressive

If you’ve seen the movie The Big Short you will remember Christian Bale’s quirky character Michael Burry – the manager of the Scion Capital hedge fund who realises the US mortgage-backed security…

Game, set, match: Chi-X’s latest work

Alternative exchange Chi-X Australia is expanding its offerings with a revamped institutional market-on-close trading solution and a launch date for its first exchange traded fund. Chi-X has updated its market-on-close offering with…

Insurance bonds back on the menu

Insurance bonds are enjoying a revival, as high-income earners who are limited to putting $25,000 of concessional contributions into super each year, look for tax-effective alternatives. Generation Development Group reports that its…

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BigFuture 2.0 integrates wealth info with education

Online investor education startup BigFuture has launched its updated, ‘Version 2’, application which integrates direct data feeds from banks, super funds, managed funds and stock brokers…

Get Smart: pay with your shoe

It will take a long time before people are comfortable making payments with their phones rather than smart cards, according to US payments expert Jeffrey Mullen. ..

Email marketing is dead: arise the humble letter

People are getting so swamped with emails that the effectiveness of email marketing has plummeted, according to two creatives of Ogilvy & Mather. They are advocating a back-to-the-future approach of “handmade communications”…

BlackRock’s gloomy view for next five years

The BlackRock Investment Institute’s quarterly ‘Capital Market Assumptions’ report, which is a guide many investors use around the world, has plumbed new lows following market volatility since late last year…

Austrac to make customer due diligence requirements more flexible

Financial institutions conducting customer due diligence under their anti-money laundering and counter-terrorism financing obligations may soon be able to gather information about a customer from sources other than the customer. ..

Appointments: New product manager at NAB Asset Servicing

National Australia Bank Asset Servicing has appointed Allyson Bradnam to the newly created role of general manager product. Bradnam will be responsible for product development and delivery…

Agribusiness scheme review calls for tighter regulation

A review of agribusiness managed investment schemes has called for changes to product disclosure requirements, tighter gearing rules, a clampdown on marketers offering general advice and stronger regulatory powers to deal with mis-selling…