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Showing 11811 - 11820 of 29090 results for "PRI"

Retirement income fund launches

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2017
A former Investors Mutual senior portfolio manager has re-entered the retirement income market through a multi-affiliate group, launching a fund which offers more choice in the competitive sector. Launching his own funds management firm in partnership ...

Ignition Wealth begins European expansion

JAMIE WILLIAMSON  |  MONDAY, 24 JUL 2017
Ignition Wealth is opening in the Republic of Ireland with a view to expand further into Europe. Ignition Wealth chief executive Mark Fordree said the advice firm recognises a strong correlation between its technology and capabilities and the Irish ...

Not showing: inflation

BENJAMIN ONG  |  MONDAY, 24 JUL 2017
RBA deputy governor Guy Debelle snuffed hawkish interpretations of the minutes of the 4 July RBA meeting - particularly, the minutes' reference to a 3.5% neutral cash rate - reversing the Australian dollar's upward run. "...the current (nominal) cash ...

Equity Trustees appointed RE for boutique

DARREN SNYDER  |  MONDAY, 24 JUL 2017
A staff-owned Brisbane investment manager appointed Equity Trustees as the Responsible Entity for an Australian equities fund. Boutique manager Pentalpha selected Equity Trustees as the RE for its Income For Life Fund - a high-yield, low volatility ...

Government paves the way for open banking

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
Third parties could soon be given greater access to banking data under a proposed open banking system regime. The regime, announced for review by Federal Treasurer Scott Morrison yesterday, will seek to open up consumer and third party access - with ...

Milton to acquire $18m unlisted manager

ALEX BURKE  |  FRIDAY, 21 JUL 2017
Listed Australian equities investment company Milton Corporation has entered into an agreement to acquire an unlisted investment manager for $18 million. Consideration will be the issue of new Milton shares, and Milton managing director Frank Gooch ...

Asset managers feeling profit squeeze

KARREN VERGARA  |  FRIDAY, 21 JUL 2017
Profit margins of asset managers globally contracted for the first time since the Global Financial Crisis, research from the Boston Consulting Group shows, warning fee pressures are continuing to rise across the industry. Despite global assets under ...

AMP Capital appoints independent directors

KARREN VERGARA  |  FRIDAY, 21 JUL 2017
AMP Capital appointed three non-executive directors to its responsible entity and trustee boards. John Nesbitt, Ming Long and Peter Rowe will join the AMP Capital Funds Management and AMP Investment Services boards effective July 28. Serving as the ...

Industry fund offers retirement income bonus

EMMA RAPAPORT  |  THURSDAY, 20 JUL 2017
An industry super fund is offering retirement reward incentives of up to $11,520 to customers who sign up to the fund's retirement pension plan. The offer from BUSSQ, which represents a transfer of the fund's tax surplus - gained when members transfer ...

Adviser group expands national footprint

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
Boutique Sydney wealth management firm Affinity Group acquired a stake in a Brisbane financial planning practice, boosting its funds under advice to more than $500 million. Affinity bought 50% of Hillross Financial Services, a Brisbane-based firm established ...