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$38bn VFMC bigger and betterMONDAY, 8 MAY 2006
The $38 billion Victorian Funds Management Corporation (VFMC) is set to become a more powerful financial house after chief executive Syd Bone outlined a series of changes set to come into effect in the next financial year.
The industry fund will close its basic cash option on August 13, as it sees returns dry up.
The head of Asia Pacific for the Canada Pension Plan Investment Board has been promoted, with a replacement yet to be confirmed.
A former BT Financial Group executive will take the reins of Centrepoint Alliance from today.
Robo adviser Six Park has lowered its minimum investment to just $2000, down from the $10,000 minimum it had at the start of 2020.
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