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Cameron Hume hires fixed income expert

KARREN VERGARA  |  FRIDAY, 7 JUL 2017
... consider environmental, social and governance issues with respect to strategies. "A point worth making at the outset is that not all investment managers agree on the merits of ESG: some are passionate advocates while others believe their first responsibility ...

AAT upholds ex-AMP adviser ban

KARREN VERGARA  |  FRIDAY, 7 JUL 2017
... superannuation fund were advised to cancel their existing policies and replace them with new AMP policies. Panganiban did not take into consideration his clients' best interests or informed them such policies could easily be transferred. Panganiban ...

Ohanessian vindicated by record Praemium inflows

ALEX BURKE  |  FRIDAY, 7 JUL 2017
Praemium chief executive Michael Ohanessian, who was recently reappointed following a board spill, said the firm's record inflows in the June quarter represent a "tangible validation of our underlying growth strategy." In Q2 2017, Praemium achieved ...

ASIC calls on NAB to improve disclosure

JAMIE WILLIAMSON  |  FRIDAY, 7 JUL 2017
... simplification, seeking to make things easier for our customers and to provide more investment options for them. Unfortunately we did not execute some of these changes well. While simplifying some of the documentation that we send customers, and while ...

Hawkish central banks? Not the BOJ

BENJAMIN ONG  |  FRIDAY, 7 JUL 2017
... quarter (from zero in the March quarter) but those for remained unchanged at -3 for an overall reading of -1 for all industries. Not a good indication for Japanese inflation.

Vamos joins Mercer board

EMMA RAPAPORT  |  THURSDAY, 6 JUL 2017
Former long-serving ASFA chief executive Pauline Vamos joined the board of Mercer's superannuation business as an independent non-executive director. Mercer Superannuation Australia board chair Jan Swinhoe welcomed Vamos to the board, noting that her ...

Good goings-on in China

BENJAMIN ONG  |  THURSDAY, 6 JUL 2017
Were it not for North Korean leader Kim Jong-un's "package of gifts" delivered on America's 4th of July Independence Day celebrations, the goings-on in China would remain buried on page 6 of the financial media. This could be because when it comes to ...

Beacon merges with Libertas

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2017
... Financial Planning director Mark Euvard told Financial Standard it will be business as usual for Libertas and that staff will not be affected by the merger. It has about 70 authorised financial services licensees. The new group is reported to have more ...

Super trustees on notice over fund disclosure

DARREN SNYDER  |  WEDNESDAY, 5 JUL 2017
... disclosed the required information; five made it easier to find the information; and trustees of two small funds, who did not have websites, sought relief from TI obligations. Seven trustees also transferred fund members to another fund before winding ...

IOOF appoints new asset consultant

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2017
IOOF Investments has announced its new asset consultant to replace Russell Investments. Mercer Australia is the new asset consultant, following Russell's contract with IOOF ending on 30 June. Russell notified IOOF at the end of 2016 of its intention ...