APRA’s relaxation of lending standards welcomed

The Australian Prudential Regulation Authority’s plan to relax the rules for home lending, with the removal of the serviceability interest rate floor, has been welcomed as a “sensible” move that will increase…

Investment ‘product of the decade’ worries regulators

As far as Robert Taylor is concerned, exchange traded funds are “the product of the decade”, and that worries him. Taylor chairs the committee on investment management at the International Organisation of…

People: NSX loses its CEO

Ann Bowering has resigned as chief executive of the National Stock Exchange (NSX) after three years. She has been with the NSX for 10 years and oversaw the restructure of the company.…

Negative gearing isn’t a rort – but something else is

Perhaps the most woefully misunderstood economic issue of the election campaign has been negative gearing. I’ve been baffled by the number of times I’ve read commentary by otherwise thoughtful people describing negative…

Going underweight US tech stocks

Global equity investor Hexavest has gone underweight the US market, including its large tech stocks, citing a number of indicators that point to a deteriorating macro environment. Hexavest is a contrarian investor…

Rush to super fund consolidation needs a rethink

With further consolidation in the superannuation industry a certainty, asset consultant Frontier Advisors has investigated whether there is evidence to back the arguments commonly used to support the push for fund mergers.…

Today’s Best Videos 

Why clients love Roger Montgomery

Most fund management outfits espouse client centricity, especially since the GFC and the evolution of outcome-oriented investment strategies. Few go to the lengths, however, for which Montgomery Investment Management has become known.…

Murray Inquiry and the rest of us wait for response

Just when the Government was ready to give its formal response to the Financial System Inquiry, headed by David Murray, on September 15, it got a new prime minister instead. The financial services industry is still waiting for the response…

Hansi builds financial education business

Hansi Mehrotra, the former head of wealth management for Mercer Investment Consulting, and a former executive at van Eyk Research, has launched an online financial educational business…

Findex boosts commission-free risk with new hire

Findex has strengthened its in house risk team, with a major new appointment in the risk products and corporate benefits consulting sectors…

Fame by tweets… and a boob job

Rob Cooper had a four-year plan – to get as much media exposure for Jodie Cunningham, a former escort and self-described ‘boob model’…

Fresh thinking needed on super tax concessions

The SMSF Association wants a total rethink about how the Federal Government costs superannuation tax concessions. The benchmark used was established about 100 years ago…

PM CAPITAL fund benefits from offshore move

The decision taken last year to allow its Australian shares fund to invest up to 20 per cent offshore has paid off already for PM CAPITAL. The fund, under portfolio manager Uday Cheruvu, outperformed its ASX benchmark by 7 percentage points in the year to June…