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DomaCom starts bookbuild for LGBTI retirement village

MARK SMITH  |  FRIDAY, 4 MAR 2016
As the annual Sydney Gay and Lesbian Mardi Gras gears up for its big parade this weekend, DomaCom has begun to bookbuild Australia's first purpose designed retirement home for the gay community. The Linton Estate in Ballan, Victoria, was founded by ...

Governance reform not targeting industry funds: O'Dwyer

MARK SMITH  |  MONDAY, 29 FEB 2016
... O'Dwyer had already cited the privacy breach at Cbus as a sign that the current system is not working. "Our governance reforms apply broadly. They are not specific to one particular part of the industry - they will reach across and apply equally to corporate ...

New CEO at Board of Taxation

DARREN SNYDER  |  MONDAY, 29 FEB 2016
Federal Treasury has announced an inaugural chief executive role at the Board of Taxation that will lead the work of the secretariat as well as all communication with industry stakeholders. Secretary to the Treasury, John Fraser, announced on Friday ...

Plato appoints senior manager for Global Shares Fund

MARK SMITH  |  FRIDAY, 26 FEB 2016
... strategies and a range of global indexed products. "We are very excited to have Daniel's global portfolio management expertise to apply to our newly launched Global Shares Income Fund. We are getting great feedback from both clients and the industry ...

Super not for plugging Budget holes: AIST

MARK SMITH  |  WEDNESDAY, 24 FEB 2016
... would undermine investor confidence in the compulsory super system and distort investment markets. "The reason CGT discounts apply in superannuation is that they provide an incentive for long-term saving and any reduction to the current discount would ...

PROFILE: Mercer chief customer officer Renee McGowan

STAFF WRITER  |  TUESDAY, 23 FEB 2016
... helped me learn an enormous amount during these first years." At some point, her mentor moved to Mercer and encouraged her to apply for a job there. "I met with the chief executive for an hour and we talked about Asian financial markets and the crisis ...

New robo-advice business launches

MARK SMITH  |  TUESDAY, 16 FEB 2016
BetaSmartz, a new robo-advice platform aimed at both institutional and retail investors, has launched today. The platform uses algorithms based on 60 years of academic research to create portfolios that equal the performance and sophistication of those ...

BetaShares goes global with third managed risk product

MARK SMITH  |  THURSDAY, 11 FEB 2016
... in declining markets. "BetaShares Managed Risk Funds actively monitor market volatility. When volatility rises, the funds apply a 'handbrake' to defend against losses in declining markets. This approach reduces investors' exposure to equities in falling ...

Willis Towers Watson appoints Australasia chief

ALEX BURKE  |  WEDNESDAY, 10 FEB 2016
... unique client insights and solutions that our new company is now delivering worldwide. "Tony is a proven talent who can apply our global strategy across the region through strong leadership."

CBA says most customers received appropriate advice

ALEX BURKE  |  TUESDAY, 2 FEB 2016
... resulting in financial loss and 49 were the result of misapplication of fees. "We believe that the bank is continuing to apply the program's processes in a manner that is materially consistent with the program's objectives," Promontory said. "While there ...