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Showing 121 - 130 of 413 results for Matt Woodington

New bond fund targets corporate sector

MATT WOODINGTON  |  THURSDAY, 28 JUL 2011
Australian Unity subsidiary Altius Asset Management sees good value in term deposits and the corporate sector after launching its bond fund. The fixed interest boutique, led by chief investment officer, Bill Bovingdon, invests in fixed interest securities ...

Macquarie backs annuity income as contributions drop

MATT WOODINGTON  |  THURSDAY, 28 JUL 2011
Macquarie said that annuity style income provided by its banking and financial services, funds management and corporate and asset finance divisions will drive growth in the medium term after reporting a drop in group contributions for Q1 2012. Macquarie ...

ANZ launches new life cover for over 50s

MATT WOODINGTON  |  WEDNESDAY, 27 JUL 2011
ANZ is offering capped premiums as part of its new direct life insurance package for over fifties, which is designed to provide immediate post death expense cover. ANZ 50+ Life Cover would provide benefits for funeral costs and unpaid bills up to the ...

Fund manager recommends less defensive retirement

MATT WOODINGTON  |  WEDNESDAY, 27 JUL 2011
Turning 65 does not necessarily mean it is time to revert to an ultra defensive investment portfolio, providing it holds the right assets, according to Ashton Reid, portfolio manager of Legg Mason's Real Income Fund. Retirement income products are a ...

Western Asset brings in fixed income manager

MATT WOODINGTON  |  WEDNESDAY, 27 JUL 2011
Fund manager Western Asset Management, owned by legg mason, has appointed experienced portfolio manager Damon Shinnick to its Australian fixed income team. Shinnick joins as a portfolio manager and senior credit analyst focusing on the Australian and ...

State Super CEO heads to Schroders

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
Chris Durack, chief executive officer of State Super, is leaving the fund to join Schroder Investment Management as a director in the senior management team. Durack will stay with State Super until October and join Schroders later that month. "Funds ...

US pension funds issue debt ultimatum

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
US pension funds have issued a rallying call to President Barack Obama and Members of Congress to act immediately on US debt or risk long term damage to the country's retirement savings. The California Public Employees' Retirement System (CalPERS) released ...

ANZ restructure gathers pace with new planning head

MATT WOODINGTON  |  TUESDAY, 26 JUL 2011
ANZ Wealth has promoted Luke Symons to head of financial planning and brought in former Colonial First State head of strategy and planning Greg Hansen, as Paul Barrett's advice and distribution restructure continues to take shape. Barrett arrived from ...

UK should raise state pension age to 70: PwC

MATT WOODINGTON  |  MONDAY, 25 JUL 2011
The UK needs to increase the state pension age to 70 as part of measures to curb public debt, according to PricewaterhouseCoopers (PwC). With the globally familiar problem of an ageing population, the UK's public debt would reach 90% of GDP by 2050 ...

Planners remain wary of switching cash to equities

MATT WOODINGTON  |  MONDAY, 25 JUL 2011
Financial advisers remain tentative on the outlook for equity markets although more than half surveyed by Zurich are thinking about reducing the amount of cash in client portfolios. Zurich spoke to 300 advisers nationwide with 59% "indicating a potential ...