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| | | The number of funds in the Australian superannuation industry is expected to shrink by up to 40% by 2020, and the "Sweet spot" for funds is $10-$15bn in assets under management, said a CoreData whitepaper. Dubbed 'Survival of the fittest', CoreData's ... |
| | | | Australia has achieved a world-class superannuation savings scheme, but retirement income remains a significant challenge, according to one manager. Alan McFarlane, chief executive officer at Edinburgh-based Dundas Global Investors said the Australian ... |
| | | | Custody and asset administration body ACSA has said that while it supports the regulator's focus on technology, it is engaging with ASIC around expectations concerning some aspects of custodian behaviour. The Australian Custodial Services Association ... |
| | | | Financial services minister Bill Shorten said that by 2017, the industry will be unrecognisable, predicting the age of commission-free super and greater convergence of retail and industry super funds. The minister said that within five years, the transition ... |
| | | | State Street Global Advisors has launched two fixed income exchange traded funds that will offer investors easier access to the Australian bond market. The new ETFs are the State Street Global Advisors' (SSgA) SPDR S&P(R)/ASX Australian Bond Fund and ... |
| | | | Job cuts are predicted at Perth-based boutique wealth manager Plan B, if IOOF's proposed bid is successful. The Plan B board has unanimously recommended that shareholders accept the IOOF offer for 60 cents per ordinary share, in an off-market takeover ... |
| | | | Generation Y has been the most active in terms of changing their SMSF asset allocations in the past 12 months, favouring a higher portion of their portfolio in equities with lower cash balances. That's one of the findings of The SMSF Generations Report ... |
| | | | Well that didn't last long, did it? Europe's back in the headlines and suddenly headlines are back digging all the big, bad news that's out there. On the same day that the EU formally approved Spain's a,-100 billion rescue package to recapitalise its ... |
| | | | Within 24 months, all large industry and corporate super funds will be offering SMSF-like capability to members. That is the prediction of Ian Dunbar, head of investment platforms at UBS Australia, which together with FNZ Australia developed the platform ... |
| | | | Deutsche Bank Australia has declined to either confirm or deny recent job cut rumours. Bloomberg yesterday reported that Deutsche Bank would consider cutting up to 1000 positions in its investment bank after declines in revenue. The job cuts would be ... |
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