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IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
A Shine Lawyers class action against IFM portfolio company Tandem made it harder for the subcontracting firm to win business in the lead up to its administration, according to IFM Investors chief executive David Neal. Neal was quizzed about the firm's ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... afford to pay thousands for advice, upfront or over a year... but I'm a financial adviser who is now degree-qualified and close to the same standing as a lawyer or an accountant, it's very difficult for me to give that advice for anything less ...

Pandemic hasn't killed retail: Airlie

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
Despite doomsayers predictions, COVID-19 has not killed off the big Australian high street names in retail - actually, it may have benefited them. Airlie Funds Management portfolio manager and head of research Emma Fisher told Financial Standard that ...

AFCA weeds out phony complaints

ELIZABETH MCARTHUR  |  FRIDAY, 30 JUL 2021
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm. AFCA received feedback from financial institutions, particularly small to medium ...

Frontier welcomes family office specialist

JAMIE WILLIAMSON  |  THURSDAY, 29 JUL 2021
... served as chief executive and chief investment officer of South African-based Retief Family Office - Huguenot Investments for close to 10 years. Giggins also has several years' experience as an accountant and analyst, having worked for both Allan Gray ...

IOOF buys $68m retail property

KANIKA SOOD  |  WEDNESDAY, 28 JUL 2021
... retail property to its unlisted property portfolio. Great Western Centre is located in Minchinbury in western Sydney and in close proximity to Parramatta. It is also close to Bradfield where the new Western Sydney International Airport is located. The ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Association of Financial Advisers fears that ASIC's FY21 industry levy will blow out even more than its estimates. The association does not want history to repeat itself, pointing to how the FY20 levy jumped 54% higher than ASIC's estimates. ...

Royce Investment Partners launches small-cap fund

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
Royce Investment Partners, a Franklin Templeton subsidiary, is launching in the domestic retail investment market with a global small-cap fund. The Royce Global Small-Cap Premier Fund is an actively managed, unlisted Australian unit trust that will ...

Vale Murray Wyatt

JAMIE WILLIAMSON  |  TUESDAY, 27 JUL 2021
... his stories and knowledge with others." Wyatt was instrumental in the development of Morrows, having first joined the firm close to 40 years ago. He played a key role in growing the business' service offering, which now encompasses private wealth ...

Lumiant launches fact find module

ANNABELLE DICKSON  |  TUESDAY, 27 JUL 2021
Lumiant has launched a free module for its adviser customers to enhance its fact find process by including a survey to understand clients' ideal outcomes. The Your Life module includes statements based around Lumiant's eight dimensions of wellbeing ...