The long-time head of investment and insurance at ANZ, Geoff Cohen, left the bank. The 6000-member, $1.2 billion AvSuper claimed 10 per cent of its membership logged on to use a new retirement calculator within three days of its appearance on the industry fund’s website. The calculator, which aims to encourage interaction with AvSuper’s member advice consultants, was customised for it by the lowercased financial planning software vendors, decimal. The status of sovereign debt as a safe haven investment has been put into question, according to Mercer Investment Consulting – one of five ‘new realities’ it put to the investor community ahead of its global investor forum last month. In a world where the cost of borrowing for Microsoft is cheaper than the cost of borrowing for many developed countries, the whole approach to bond investing may need to be revisited, the consultant opined.

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