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|Morningstar Australasia has recruited a former Insignia Financial executive to lead its manager research team and its coverage of Australian and New Zealand fund managers.
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|The super fund has updated its investment exposures and fees from July 1 for its Choice, MySuper and Income products.
WTW names new head for Australia and New Zealand
|WTW has appointed James Baum, formerly the global head of wholesale and specialty broking at Aon, as head of Australia and New Zealand, and head of corporate risk and broking, effective July 15.
Iress hack investigation finds 20 OneVue files breached
|An internal investigation into the recent breach of Iress' GitHub user space found no evidence any of its client data was compromised, however 20 OneVue employees and clients weren't so lucky.
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Shail Singh
LEAD INVESTMENT AND ADVICE OMBUDSMAN
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
AUSTRALIAN FINANCIAL COMPLAINTS AUTHORITY
To be successful as Australian Financial Complaints Authority's (AFCA) lead ombudsman for investments and advice, one requires empathy, impartiality, and rationality. Shail Singh shares how he also uses legal and financial advice expertise to help consumers, small businesses, and member firms. Karren Vergara writes.
I believe that you are only looking at one side of the coin. What about when interest rates were at historical lows. Were they "making bank: then? At least take a balanced look.
RBA only has an interest rate lever. The government needs to come to the party of fiscal management as well. I am not sure that is happening.
Of course the opposite applied over the last few years when those with savings cut their spending when interest rates were absurdly low, dampening the stimulatory impact of the lower interest rates. Central banks across the world have not taken proper account of demographics when setting interest rates particularly as the baby boomers, who own a lot of the assets, have entered retirement age. The main manifestation of this was interest rates being kept too low for too long that encouraged levels of debt that were, and are, too high.