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| | | The valuations of advice businesses compliant with the Future of Financial Advice (FoFA) regulation have increased in Western Australia, Victoria and New South Wales. "Concerns around FoFA have not lowered valuation multiples and in some states they ... |
| | | | The traditional broad market regional indices used by investors as the basis to construct portfolios are flawed, inadvertently giving rise to unexpected geographical exposures, according to one of the world's largest active investment managers Capital ... |
| | | | The current travails of the group insurance market may be just the beginning, with a "major blow-up" potentially around the corner, according to WA Super's general manager, client services, Paul Owen. "I've heard the words 'perfect storm' bandied around ... |
| | | | Insurance companies' results for the twelve months to September 30, 2013, reflect the struggle that the industry is going through at the moment, with a 26.5% fall in net profit after tax in the last 12 months. The net profit after tax stood at $2.2 ... |
| | | | AllianceBernstein has launched a Global High Income Fund aimed at annuity investors seeking to diversify and gain access to a higher level of income. AllianceBernstein senior portfolio manager Jeremy Cunningham noted that annuity and term-deposit rates ... |
| | | | Were it not for the Australia-Indonesia spat, financial market activity's turning out just as I feared at the start of this week - dull and boring. What's in a word? Australian Prime Minister Tony Abbott refused to say "sorry" (ala Johnnie Howard) only ... |
| | | | The Australian market looks set to open lower as international markets fall. At 0845 AEDT on Wednesday, the December share price index futures contract was down 26 points at 5,342. In economic news on Wednesday, Reserve Bank of Australia assistant governor ... |
| | | | Most superannuation funds do not intend to insource their investment management over the next three years, despite the fact that some have made moves in this direction. As many as 77% of industry, retail, corporate and public sector super funds' chief ... |
| | | | The Australian Securities and Investment Commission (ASIC) has accepted an enforceable undertaking (EU) from Sydney financial adviser Gabriel Nakhl which permanently prevents him from providing financial services after he used clients' cash on his sports ... |
| | | | Standard Life Investment's Global Absolute Return Strategies Trust (GARS) has been given a 'Recommended' rating by Lonsec. The multi-asset fund aims to deliver a positive absolute return over the medium to long-term in all market conditions. It invests ... |
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