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Invesco shifts Asian focus to consumer demand

MATT WOODINGTON  |  THURSDAY, 1 SEP 2011
Invesco aims to bring the Asian consumer demand story to the doorstep of Australian retail investors with the overhaul of its existing Asian equities strategy. On October 1, Invesco will rename its Wholesale Asian Share Fund as the Wholesale Asian Consumer ...

ANZ Wealth: phone-based advisers to help with opt-in

ELISE BURGESS  |  THURSDAY, 1 SEP 2011
ANZ Wealth is rolling out phone-based advisers who will contact clients on behalf of advisers to assist in opt-in requirements and scalable advice pressures, with plans to raise planner numbers significantly. ANZ Wealth, which has the third largest ...

FPA ad campaign sneak preview released to members

ALISON BEVEGE  |  THURSDAY, 1 SEP 2011
Members of the Financial Planners Association will today have access to the, yet to be released, TV advertising campaign so they can see it before it goes live on September 18. The package, produced by advertising agency Banjo, compares financial planners ...

Snowball reports 3pc rise in profits following Shadforth merger

ALISON BEVEGE  |  WEDNESDAY, 31 AUG 2011
Financial advisory group Snowball has reported a 3% rise in profit to $26.9 million in its first combined results announcement following the completion of its merger with Shadforth. The two non-aligned groups formed a combined wealth management business ...

CBA in takeover bid for Count Financial

ALISON BEVEGE  |  TUESDAY, 30 AUG 2011
The Commonwealth Bank has announced a $373 million takeover bid for financial planning group Count Financial, which went into a surprise trading halt this morning before the news. Count Financial share volumes surged yesterday on the Australian Securities ...

Rice Warner: opt-in cost applies to advisers in regular contact

MATT WOODINGTON  |  TUESDAY, 30 AUG 2011
The $11 per client cost of opt-in is based on the assumption that advisers are already in contact with clients at least once every two years, according to Rice Warner who made the calculation. The government yesterday said that the $11 per client includes ...

Super funds mindshift imperative

ELISE BURGESS  |  FRIDAY, 26 AUG 2011
The strength of the superannuation industry will come down to a mindshift of super funds, something that is already underway according to financial services software group, IQ Business Group. Super funds have reportedly begun moving towards a member-centric ...

Super funds prefer employers via clearing houses

ALISON BEVEGE  |  FRIDAY, 26 AUG 2011
Superannuation funds far prefer dealing with employer payments through separate clearing houses, a super fund technology expert said yesterday. Shane Collister, general manager for technology solutions at TelstraSuper said the fund has employers of ...

IFM hits back at claims it plays politics with super fund money

ALISON BEVEGE  |  FRIDAY, 26 AUG 2011
The chief executive of asset manager Industry Funds Management has hit back at press reports about his organisation's plan to run clean energy advertisements to coincide with the Labor Government's carbon tax campaign, calling the coverage "inaccurate". ...

Coin toss

BENJAMIN ONG  |  FRIDAY, 26 AUG 2011
... slowed in recent months, but latest readings show their annual rates of growths consistent with the pace before the GFC - yes, the boom years. The same is true for real personal income. Annual growth of 12.4 in US business sales (manufacturing and trade) ...