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Instos seek unique alternatives

KARREN VERGARA  |  TUESDAY, 6 APR 2021
... inaugural Nuveen and CoreData survey, more than half (55%) of asset owners will shift away from public to private markets in the next 12 months. The head of Nuveen's global client group Michael Perry said that in a low-return environment, the shift ...

Blake Grossman joins BetaShares board

ELIZABETH MCARTHUR  |  TUESDAY, 6 APR 2021
... Blake's extraordinary experience across the industry globally will provide us with invaluable expertise as we enter the next phase of our development," BetaShares chief executive Alex Vynokur said. Grossman said he has admired BetaShares' business ...

Count snaps up three former MLC firms

ELIZABETH MCARTHUR  |  THURSDAY, 1 APR 2021
... three former MLC firms joining Count are: Sapphire Coast Financial Services (formerly licensed through Godfrey Pembroke), Next Generation Financial planning (Meritum) and Aspire Financial Planning Group (Garvan). Sapphire Coast Financial Services is ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... single administration system," Turner said. "For members, this will mean some transactions will be limited or delayed for the next month. That said, our call centres are always on hand to help members with any queries they may have." The combined fund ...

MySuper fees could halve in 10 years

KANIKA SOOD  |  THURSDAY, 1 APR 2021
Fees charged by MySuper products could halve over the next decade to a median of 0.5% per year, says Rainmaker Information which analysed the fees of 457 super products over the last six months. The research found MySuper products charged members median ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... which found that investment fraud was the number one scam that prey Australians. Dating and romance scams (23%) were the next most prevalent. False billings (11%) are the third-most common scam that rakes in $19.32 million for fraudsters, followed by ...

AMP names new chief executive

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... executive director at BT. "While there is no optimal time for transition, the board and I agreed that for AMP to deliver on the next phase of its ambitious transformation, at this juncture long-term certainty of leadership is critical for our business ...

AMP Capital spins off REIT

ANNABELLE DICKSON  |  MONDAY, 29 MAR 2021
... AMP, Precinct has delivered over NZ$1.5 billion in developments. It will now, however, internalise its management for the next stage of its growth. "...AMP Capital has assessed that the internalisation of these management rights offered the strongest ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... Despite some delays and hiccups in the roll out of the coronavirus vaccine in Australia, cases of infections are virtually next to nil and life had slowly been returning to pre-pandemic normal. So much so, that in its 'Economic Outlook' March ...

Integrity names distribution GM

KARREN VERGARA  |  THURSDAY, 25 MAR 2021
... operational efficiencies for their partners and customers alike. "I'm really excited to play a key role in driving this next phase of growth and looking forward to joining the team in early June," Hannah said. Recently appointed managing director ...