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| | | AMP has told fund managers if they want to be on the group's 1,600-strong financial planning network's approved product list (APL), their products must not include any commissions. Steve Helmich, director Financial Planning, Advice and Services at AMP ... |
| | | | The Dow's hold on that elusive 10K-point mark remains elusive. Perhaps it is the consensus' way of affirming that, indeed, the market has run ahead of itself. Wall Street slid further overnight with the Dow slipping further below the 10K mark despite ... |
| | | | Asset consultant Frontier, which has $91 billion in funds under advice, has sent a letter last week to all the external fund managers of its super fund clients to consider charging flat dollar fees, instead of asset-based fees, on their investment mandates. ... |
| | | | Canadian pensions have bounced back in the third quarter of this year, with local bonds and global shares the major contributors to the recovery. According to a RBC Dexia Investor Services survey, which monitors Canadian pension plans and money managers ... |
| | | | Premium Wealth Management is in talks with a dozen practices to join its ranks and is also looking at ways to access separately managed account (SMA) technology. Chris Saunders, chief executive at Premium Wealth Management, said the business is talking ... |
| | | | The Financial Planning Association of Australia's board has approved the association's remuneration policy that moves its members away from a commission-based model by July 2012. The FPA received more than 250 responses to its consultation paper "Financial ... |
| | | | In a win for listed company engagement, Wesfarmers has decided to find other sources of a mineral from outside a region with a questionable human rights record after engagement from institutional investors including Christian Super. Wesfarmers agreed ... |
| | | | One of Perpetual's longest serving executives, Emilio Gonzalez, is to take the helm at BT Investment Management, a high profile recruitment that is a coup for BT but could also set the stage for fresh changes at Perpetual, said an analyst. Emilio Gonzalez ... |
| | | | Russell Investments has selected Dimensional Fund Advisors to manage a 10 per cent mandate within the Russell Australian Shares Fund. Recently released research from Russell Investments reconfirmed that a mild bias to value shares in a core Australian ... |
| | | | The life insurer who won the year's largest insurance mandate from a super fund, Tower Australia, has tapped the UK market's latest trends to boost its flagship Accelerate platform. Tower is unveilling its new Accelerated Protection platform - an improved ... |
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