Search ResultsShowing 1 - 10 of 100+ results for Kanika Sood
Sunsuper head of corporate, insto sales departs
KANIKA SOOD  |  MONDAY, 9 DEC 2019
The $70 billion superannuation fund's head of corporate and institutional sales has left to head retail sales at a major life insurer. MetLife has appointed Meray El-Khoury as its head of retail sales effective this month. El-Khoury reports to chief ...
K2 head of distribution departs
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
K2 Asset Management's head of distribution has left the company, as it posts its first pre-tax loss in two decades and shuts down a global equities fund. Nicholas Allen left the role in October, to join listed property manager APN Group. At APN ...
New boutique launches with Channel Capital
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
Glen Holding's Channel Capital has signed on a new boutique that is backed by former Swisse Vitamins boss Radek Sali. The Impact Fund has three former Goldman Sachs investors at the helm and will invest in infrastructure and real estate opportunities ...
Pendal cuts fee on multi-asset fund
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
Pendal Group has dropped the fees on a $690 million multi-asset fund that has been running for close to 40 years. The Pendal Sustainable Balanced Fund will go from charging 0.90% per annum to 0.80% per annum in management costs. Indirect costs are 0.05% ...
CFS culls grandfathered commissions, slashes fees
KANIKA SOOD  |  FRIDAY, 6 DEC 2019
About 6000 financial advisers are set to lose $1700 per year in revenue, as Colonial First State starts to put grandfathered commissions to bed. The $145 billion manager is starting the phase out of grandfathered commissions with a small slice of the ...
Super funds to crack 13% by year end, retail leading
KANIKA SOOD  |  THURSDAY, 5 DEC 2019
Superannuation funds are on their way to deliver 13% for the calendar year, and so far retail funds are outstripping industry funds' MySuper returns by 1.8%. The MySuper Index from SelectingSuper returned 10.9% for the 12 months to October end ...
Aberdeen appoints head of Australian fixed income
KANIKA SOOD  |  WEDNESDAY, 4 DEC 2019
Aberdeen Standard Investments has promoted internally to appoint a head of Australian fixed income, after the team lost two experienced investors in September. Garreth Innes is moving into the Sydney-based role after eight years on the team. He reports ...
Stanford Brown acquires Sydney advice firm
KANIKA SOOD  |  WEDNESDAY, 4 DEC 2019
Stanford Brown has acquired a Sydney advice practice from Godfrey Pembroke, with chief executive Jonathan Hoyle saying there's more to come. World Square Financial Services was founded by former NAB Private Bank financial adviser Robert Wiggins ...
Clime launches new income fund
KANIKA SOOD  |  TUESDAY, 3 DEC 2019
Clime Investment Management has partnered with Sequoia to launch a new fund that aims to provide a yearly income of 8%. The Clime Income Enhancer Series 1 fund will invest in four shares: Macquarie, Rio Tinto, Treasury Wines and BHP. "If any of these ...
AMP given the boot by AFL
KANIKA SOOD  |  TUESDAY, 3 DEC 2019
AMP has lost its long-standing mandate as the default superannuation fund for the Australian Football League's players and employees. Starting 28 February 2020, Hostplus will be the AFL's default fund of choice. AMP won the mandate in 1999 ...
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