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Showing 12151 - 12160 of 29100 results for "PRI"

MDA firm hires former Pillar chief executive

KARREN VERGARA  |  THURSDAY, 13 APR 2017
Listed managed discretionary account company Managed Accounts Holdings Limited (MGP) added a former Pillar chief executive to its board with the aim of growing its retail superannuation sector. Peter Brook served as Pillar's managing director and chief ...

FSC launches draft APL standard for risk advice

ALEX BURKE  |  THURSDAY, 13 APR 2017
The FSC is debuting its draft life insurer approved product list standard, the final version of which will become mandatory for all members. The goal of the FSC's APL standard is to increase competition among life insurers and reduce potential conflicts ...

NAB retains long-term asset servicing mandate

ALEX BURKE  |  THURSDAY, 13 APR 2017
NAB Asset Servicing will extend its 10-year partnership with a major Australian university for a further five years. The University of Sydney retained NAS as the custodian of its endowment funds as well as the recently-introduced Student Managed Fund ...

Sovereign wealth fund growth steady

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2017
The total assets under management held in sovereign wealth funds globally levelled over the past two years, seeing growth of 1% between March 2016 and March 2017. The 2017 Preqin Sovereign Wealth Fund Review found assets grew to US$6.59 trillion from ...

Pension fund embraces managed accounts

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2017
Asset managers experienced in real assets are being sought by the Japanese Government Pension Investment Fund to manage a separately managed account comprising global private equity, infrastructure and real estate investments. The SMA would hold global ...

Industry funds in merger talks

EMMA RAPAPORT  |  THURSDAY, 13 APR 2017
Two industry superannuation funds have signed a heads of agreement, giving in principle support for a merger. Kinetic Super, which manages $3 billion in retirement savings and operates for the benefit of more than 270,000 members, and Sunsuper, which ...

Confidence slip

BENJAMIN ONG  |  THURSDAY, 13 APR 2017
Boom conditions but waning confidence. This is the message from the latest NAB Business Survey report. The NAB's business conditions index soared by points to a reading of +14 in March, more than reversing the 3-point decline in the previous month. ...

Super wealth reaches record high

KARREN VERGARA  |  WEDNESDAY, 12 APR 2017
The amount of wealth Australians hold in superannuation is climbing to a record high, according to the latest figures from the Australian Bureau of Statistics. At the end of December 2016, Australians held $2.6 trillion of household net worth in superannuation ...

Former BTFG manager joins Synchron

KARREN VERGARA  |  WEDNESDAY, 12 APR 2017
Financial advice group Synchron appointed a former BT Financial Group manager to help expand its national footprint. Adelaide-based Sheridan Wright is the new South Australia and Northern Territory state manager and prior to her appointment was the ...

ASIC cancels responsible entity AFSL

EMMA RAPAPORT  |  WEDNESDAY, 12 APR 2017
The Australian Securities and Investment Commission cancelled the AFSL of a responsible entity for failing to comply with a number of its key obligations as a financial services licensee. The company, DD&D Securities, is the responsible entity for Dwyers ...