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Companies must understand their investors better, report says

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
ASX-listed companies must work harder to understand what motivates the voting decisions of their major investors, a new report from the Governance Institute of Australia has argued. This call, part of a list of best practice principles and guidelines ...

AIA hybrid commission strategy pays off

LAURA MILLAN  |  TUESDAY, 29 JUL 2014
AIA Australia's initiative to reward advisers who move to a hybrid commission model has seen 829 advisers shifting to the new system in the past five months. The 'Transition to hybrid' program aims at making advisers less dependent on up front commissions ...

Lonsec returns PM CAPITAL fund to 'Recommended'

STAFF WRITER  |  TUESDAY, 29 JUL 2014
Australian fund manager PM CAPITAL's Absolute Performance Fund has received a ratings upgrade to 'Recommended' from investment research house Lonsec. The upgrade follows a ' Recommended' rating from Zenith in late 2013. Lonsec said its ratings upgrade ...

Dip-buying pays

BENJAMIN ONG  |  TUESDAY, 29 JUL 2014
So what's new in world of Wall Street today? In a word... nothing. Not a thing, Virginia. Equities, Treasuries, gold and copper closed basically unchanged overnight. Sure, sure there's still plenty of things to worry about on Wall Street. The latest ...

Abetz backed FSC in case against FWC, Federal Court reveals

JAMES FERNYHOUGH  |  MONDAY, 28 JUL 2014
The Financial Services Council (FSC) had the backing of Employment Minister Eric Abetz in its Federal Court case against the constitution of the Fair Work Commission's superannuation expert panel, it has emerged. On Friday the Federal Court published ...

Passive FUM reaches all-time high

MARK SMITH  |  MONDAY, 28 JUL 2014
Funds allocated to index strategies grew 28% in the 12 months to end of March 2014, taking the total proportion of the funds management market it represents to a record high of 19%, new data from Rainmaker Information reveals. The rise is the fastest ...

Latest Financial Standard issue available on the iPad app

STAFF WRITER  |  MONDAY, 28 JUL 2014
In the latest edition of Financial Standard we look at some of the new aged care reforms and consider the opportunities for advisers in this space. We also profile the new Sunsuper chief executive Scott Hartley and look at the record breaking amount ...

It's all about the US week

BENJAMIN ONG  |  MONDAY, 28 JUL 2014
Sit back and enjoy the first two days of this week for starting mid-week... financial markets' moods could swing - for the better or the worse - on America. Yes Virginia, this week is all about the US of A. Sure Virginia, there'll be speculations galore ...

Legg Mason acquires UK global equity manager

MARK SMITH  |  FRIDAY, 25 JUL 2014
Baltimore-based asset manager Legg Mason has acquired UK international equity manager Martin Currie. With offices in six locations, the addition of Edinburgh-based business (with presence in Australia) expands Legg Mason's capabilities in active global ...

OneVue lists on ASX

MARK SMITH  |  FRIDAY, 25 JUL 2014
Managed account provider OneVue has been officially listed on the Australian Securities Exchange (ASX). Shares began trading at 11.30 this morning and were priced at $0.32 at the time of publishing. OneVue has been preparing for its initial public offering ...