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WA Super provides merger update

JAMIE WILLIAMSON  |  MONDAY, 2 NOV 2020
... retirement outcomes in the future." Interruptions to services will commence from 5pm on November 18, before all WA Super accounts close on December 3. An Aware Super account will be opened for every transferring WA Super member on December 4, and they ...

Evans and Partners looks to delist LITs

KANIKA SOOD  |  THURSDAY, 29 OCT 2020
Evans and Partners is seeking the nod from shareholders to convert its LITs to open-ended funds and to switch to Perpetual as responsible entity. The largest of these is the $279 million Evans & Partners Global Disruption Fund (EGD), followed by the ...

Powerwrap exec jumps to Insync

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... distribution at Powerwrap for over two years. Prior to Powerwrap, he was head of marketing and distribution at HUB24 for close to five years and head of strategy and business development at FuturePlus Financial Services. He has also held senior roles ...

Aware Super in-houses fund administration

KANIKA SOOD  |  TUESDAY, 27 OCT 2020
Aware Super is implementing a new suite of technology products that will allow it to in-source member experience, including administration, so far done by Mercer. The fund signed a long-term contract with Bravura, for an initial term of seven years. ...

360 Capital moves to acquire Evans Dixon

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
ASX-listed firm 360 Capital Group is proposing to takeover Evans Dixon shortly after its founder and managing director joined the embattled firm. The firm announced it wants to acquire Evans Dixon (ED1) via an off-market takeover, taking its 19.55% ...

Elanor expands healthcare real estate fund

ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
... funds under management (FUM). The Woolloongabba Community Health Centre is located within a health precinct in Brisbane close to the Princess Alexandra Hospital. Elanor said the acquisition enhances the fund's portfolio with the property being fully ...

Ninety One wins equity mandate

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... past, many Australian institutional investors have resisted a discrete allocation to Chinese equities, given China's close trading links to Australia and the potential double up in exposure through their Australian equities and emerging markets allocations," ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... lost over $774 million based on a sample of 13 CFD issuers. Over 1.1 million CFD positions were terminated under margin close-out arrangements (compared with 9.3 million over the full year of 2018). Additionally, ASIC found that over 15,000 trading accounts ...

AMP Capital bets on AI

ELIZA BAVIN  |  FRIDAY, 23 OCT 2020
AMP Capital has announced it will roll out energy saving artificial intelligence (AI) technology to regulate building comfort and energy use automatically. The AI system will work to reflect changes in outside temperature and occupancy of the building ...

QInsure ramps up claims technology

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
QSuper's insurance arm has upgraded its systems in an effort to streamline the claims management process. QInsure has moved from FINEOS's Claims system to the Claims SaaS edition on the Dublin-based firm's platform. The insurance claims ...