Editor's Choice
Antipodes acquires boutique manager
|Antipodes has acquired a fund manager specialising in Asian equity and fixed income strategies that has about $170 million in assets under management.
The funds delivering up to 30% returns: Mercer
|Mercer released its investment performance charts, revealing the top 10 funds delivering massive returns.
ClearBridge launches first local global equity fund
|ClearBridge Investments has launched its first global equity strategy in Australia as it looks to introduce more in the future.
Plenary Group sells 49% stake to ADQ
|Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Plenary Group as it marks its first investment in an Australian company.
Further Reading
Sponsored by | Where do advisers invest their time?The stage 3 tax cuts have sparked discussions on bracket creep. Implementing a tax-effective investment strategy is crucial now more than ever. |
Sponsored by | Quality and Yield. A Powerful combination.With central bank rates seemingly peaked, investors are not awaiting yield increases. We're bucking the trend with investment rates at decadal highs |
Sponsored by | Why it could be a good time to be a growth contrarianGrowth-style companies are in vogue, but you may need to think outside the box to ensure you don't overpay. |
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
The whole concept of an industry funded compensation scheme is wrong - instead of addressing the cause of the problem, it creates a soft landing and nothing improves. Here's three valuable points for the Senator to consider instead of his band aid.
1) AFSL's are issued by ASIC after reviewing electronic applications and without meeting the applicant face to face. An interview process would throw up huge improvements in capability of assessment.
2) PI insurance which is mandatory is issued by the underwiter via a broker and again the insurer never meets the applicant. So we have planners that ASIC have never met, the insurer has never met and a broker who got paid commission. Sound sensible when something goes wrong?
3) AFSL's are not granted to RM applicants that don't provide advice or do not have retail advice experience. This means applicants with experience in corporate governance, risk management, investment management and underwriting get excluded ....but a planner with 3 years learning and selling life insurance qualifies as a responsible Manager. For example Peter Kell should not qualify to get an AFSL,neither would the MD of a Trustee or Custodian business - sensible policy .....or not?
By addressing some of these massive shortcomings we can improve the quality and depth of the RM world in line with directorships and the corporations act. that will protect consumers more than an artificially funded scheme.