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Showing 2521 - 2530 of 6251 results for "December 29"

CSC renews $40bn custody mandate

ALEX BURKE  |  WEDNESDAY, 22 MAR 2017
The Commonwealth Superannuation Corporation has renewed custody arrangements for its $40 billion in funds under management. Northern Trust (NTC) has overseen custody and investment administration for the government employee and Australian Defence Force ...

Managed accounts continue rapid surge

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2017
The managed accounts sector now equates to about 7% of the $600 billion in funds under administration across platforms and wraps in Australia. That is the key finding of the Institute of Managed Account Professionals' (IMAP) latest Managed Accounts ...

Price-pressured

BENJAMIN ONG  |  WEDNESDAY, 22 MAR 2017
The latest inflation stats out of the UK gave additional credence to BOE monetary policy committee member Kristin Forbes' dissent - she "considered it appropriate to increase Bank Rate by 25 basis points" -- at the March meeting. Along with the low ...

Higher and higher

BENJAMIN ONG  |  WEDNESDAY, 22 MAR 2017
The Australian Bureau of Statistics' (ABS) update on residential property prices brought home the Reserve Bank of Australia's current concerns and noted in its March monetary policy statement: "Conditions in the housing market vary considerably around ...

IOOF names new tech services head

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
IOOF promoted from within to appoint its new head of technical services. Martin Breckon has been named in the role, succeeding Kate Anderson who became head of business support for IOOF-owned dealer group Bridges Financial Services in December 2016. ...

PM Capital LIC director resigns

ALEX BURKE  |  TUESDAY, 21 MAR 2017
A director of PM Capital's ASX-listed Global Opportunities Fund tendered his resignation. Tom Millner sat on the fund's board since its listing in December 2013. PM Capital thanked him for his contribution and counsel over this period, and said his ...

Labour costs rising

BENJAMIN ONG  |  TUESDAY, 21 MAR 2017
In its 9 March statement, the European Central Bank (ECB) stated that, "A very substantial degree of monetary accommodation is still needed for underlying inflation pressures to build up and support headline inflation in the medium term". However, if ...

PIMCO unitholders approve $10bn RE transaction

ALEX BURKE  |  MONDAY, 20 MAR 2017
PIMCO unitholders have voted overwhelmingly in favour of the manager internalising responsible entity services for over $10 billion in funds under management, representing one of the largest RE transitions in Australian history. Just five months ago ...

BTIM head of sales departs

DARREN SNYDER  |  MONDAY, 20 MAR 2017
The head of sales and marketing at BT Investment Management resigned after about three years with the firm. BTIM said Chris Clayton made the decision to resign for personal reasons. He lives in Brisbane with his family and has made the weekly commute ...

Adviser contravenes FoFA obligations

EMMA RAPAPORT  |  MONDAY, 20 MAR 2017
A Melbourne based financial advice provider is to appear in the Federal Court of Australia for alleged contraventions of the Future of Financial Advice obligations. Following an ASIC investigation, Wealth and Risk Management (WRM), and its related companies ...