Insights

Insights

September 2019

Posted by Anton Murray Consulting on . Posted in 2019

Amidst the myriad of quality Chinese and other Asian style cuisines on offer, Hong Kong is also a great location to try out international and local craft beer and demolish a tasty burger. Here are three great spots to find a decent craft beer and a burger next time you’re in Hong Kong.

The Roundhouse – Chicken + Beer (Amoy Street, Wan Chai) is a cozy craft beer bar that also makes high quality southern fried chicken and other fairs. The Roundhouse has a vast selection of craft beers (up to 25 on tap) from all over the world, and some classic local brews from the growing selection of Hong Kong-based brewers. Beyond the great beers, the fried chicken is pretty special. An evening at The Roundhouse is always a fun one. It has friendly staff that are always helpful and you will always find someone to have a conversation with, if you are there solo.

Honbo Burger (Sun Street, Wan Chai) is basically a hole-in-the-wall burger joint that produces some classics. Perfectly sized burgers, all made fresh to traditional American-style burger parameters. The best thing about Honbo is the uncomplicated menu. When you go to a burger shop, most of the time you just want a burger. Honbo understands this, and they produce results. A short simple menu with a few traditional classics, a vegetarian option, a chicken option and amazing fries, that’s it.

The Globe (Graham Street, Central) is one of Hong Kong’s classic watering holes. It is a classic English style pub with an extensive selection of geographically diverse beers. The Globe is also well known for its quality pub food and old English fare. Their menu features classics like fish & chips, a pie special and English pork sausages and mash. Their beer selection is also more diverse than other venues with many Belgian, German and other old European varieties as well as the modern cult classics of Pale Ales, XPA’s and IPA’s from the newer global brewers.

Climate change ranked top investing risk

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

Global temperature change has been ranked the greatest extreme risk that could have the worst impact on economic growth and asset returns. Willis Towers Watson’s Thinking Ahead Institute listed and rated the top 15 extreme risks for investors in its Extreme risk 2019 report and ranking paper, which has a new top three this year: climate change, global trade collapse and cyber warfare. The report noted climate change is drawing significant attention among asset owners, savers and regulators.

However the group queried whether temperature change could still be considered an extreme risk, given it is looking increasingly likely and may thus need to be perceived as a mainstream risk. “Over the last six years the world, has continued to emit increasing amounts of greenhouse gases that exacerbate the risk of rising global temperature,” Thinking Ahead said. “The passage of time, with no meaningful action taken, means we are six years closer to the point of no return. For that reason, we decided to lift the likelihood rating for this particular risk, boosting its ranking to the top as a result.”

The rest of this article can be found at investordaily.com.au.

First neobank launches products to public

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

86 400 has become the first neobank to launch its products to the general public, offering consumers both a savings and transaction account. 86 400 was granted a full license by APRA in July and was the first neobank to skip the restricted ADI route and go straight for the full license. Now, less than two months after being granted its licence, the neobank has launched its “Pay” and “Save” accounts and its app is already poised to take advantage of the upcoming open banking regime.

The app allows customers to connect all of their financial accounts, allowing a read-only look at a consumer’s entire financial landscape on the one app. This includes credit cards and home loans. “Managing your money shouldn’t be so hard, but the simple fact is that staying on top of your finances has become too complex, leaving many Australians feeling anxious, stressed and frustrated. Today, we’ve launched a bank which uses smart technology to show customers what’s actually going on with their money, so they feel in control every second of every day. All eighty-six four hundred of them,” said 86 400 chief executive Robert Bell.

The rest of this article can be found at investordaily.com.au.

Lack of trust stops women seeking investment advice

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Around half (53 per cent) of Australian women have ever seen a financial or investment adviser a new survey has found, with the majority (57 per cent) citing a lack of trust in the guidance they offer. Stockspot partnered with corporate women’s news publication Women’s Agenda to conduct an online survey of 800 women in April. Two-thirds (66 per cent) of all women said revelations form the royal commission had affected their trust in the sector – with the respondents being more likely to trust their own online research above anyone else when they seek advice.

The survey saw 57 per cent of women list internet research as their most trusted source for advice and innovation, compared to 39 per cent who felt most at ease with their investment or financial planner. Only 37 per cent said they would trust a partner and 12 per cent would trust a bank, the same proportion as those who trust no one. Around 57 per cent of women were said to have invested in shares at some point.

The rest of this article can be found at investordaily.com.au.

AMP Wealth Chief Urges Robo-Advice

Posted by Anton Murray Consulting on . Posted in News

IFA

The head of AMP’s wealth management business Alex Wade has labelled it a “moral obligation” for the industry to provide affordable advice, supporting digital and automated channels for the wide Australian public. In an address to the annual Financial Services Council Summit, Mr Wade noted the wave of departure from the advice sector is expected to place around $900 billion of client wealth into play over the next five years. “The most immediate and significant challenge for leaders in the wealth management industry today, is to come up with a solution to deliver compliant and affordable advice for the masses,” Mr Wade said.

“And we must do so while navigating this period of disruption, regulatory scrutiny and market dislocation. Because today’s advice, while valued by those who can afford it, is too expensive for most Australians.” He noted there is a growing need and demand to build an advice solution that is “life led”, helping consumers at key moments when they need advice the most, such as investing an inheritance or redundancy, better managing their super, or paying off their mortgage. “This is a new kind of advice to help those Australians that don’t need or can’t afford holistic face-to-face advice,” Mr Wade said.

The rest of this article can be found at ifa.com.au.

Government’s royal commission roadmap revealed

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The government has released its royal commission implementation roadmap to set out how it will deliver on its response to the royal commission. Treasurer Josh Frydenberg released the roadmap at the start of the week and committed the government to acting on all 76 of the recommendations. “This commitment represents the largest and most comprehensive corporate and financial services law reform package in the three decades since the Corporate Law Economic Reform Program (CLERP) in the 1990s,” said the Treasurer.

In the final report by commissioner Hayne there were 76 reforms of which 54 were directed to the government and 40 of which require legislation. Shortly after the release of the recommendations, the government announced a further 18 commitments to address issues that had been raised in the report. Since then eight of the 54 recommendations had been implemented and seven of the additional 18 have been.

The rest of this article can be found at investordaily.com.au.

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