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SS&C secures platform mandate

HARRISON WORLEY  |  MONDAY, 6 APR 2020
US investment management software provider SS&C has been awarded a mandate to manage the wealth management platform of a local third-party investment administrator. Xplore Wealth has selected SS&C's global wealth platform (GWP) to underpin the entirety ...

Property manager, sovereign wealth fund enter JV

ALLY SELBY  |  MONDAY, 6 APR 2020
... Darren Steinberg said. "In the current environment, we are focused on business continuity, and pleasingly we were able to close this off-market transaction within our targeted timeframes." It comes following the settlement of GIC's investment into Dexus ...

ASIC cancels slew of AFSLs

JAMIE WILLIAMSON  |  FRIDAY, 3 APR 2020
... advisers, accepting an enforceable undertaking from a representative that had transitioned to MyPlanner Professional Services. Close to a year later the regulator accepted another enforceable undertaking from another MyPlanner adviser for failures to ...

The shape of recovery

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
It's time to start thinking about recovery and what shape it might take; a U, a V or as some think, maybe even the Nike swoosh tick. Mark Zandi, chief economist at Moody's Analytics, likens his forecast to the Nike swoosh rather than a V- or U-shaped ...

Asset devaluation continues

ELIZA BAVIN  |  FRIDAY, 3 APR 2020
Another industry super fund has reduced the value of its unlisted assets as the impact of the COVID-19 pandemic worsen. Hostplus has devalued assets within its property and infrastructure portfolios by a range of 7.5%-10% depending on the individual ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... of listed product Peter Green says. Australian fixed income ETFs were trading at -2.87% of average discount at March 23 close, compared to all of previous year where the trading price was 0.12% higher than the underlying portfolio's value. The ETF ...

VFMC confirms new chief risk officer

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... capable team at VFMC. It adds further impetus to our evolving transformation." Hayes exited VFMC earlier this year after close to seven years in the role. She has since been appointed chief risk officer at TelstraSuper, taking on the role in February ...

Super fund transfer delayed amid COVID-19

KANIKA SOOD  |  THURSDAY, 2 APR 2020
AMP has delayed the successor fund transfer of one of its superannuation clients, who previously decided to switch to another fund, citing current market volatility. Anglican National Super in October 2018 decided it would end its 14-year long relationship ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%. Members of Crescent Wealth Super, Members of Defence Bank, Bankfirst and ...

Janus Henderson announces equity team changes

ELIZA BAVIN  |  THURSDAY, 2 APR 2020
Janus Henderson has announced the appointment of a new director of centralised equity research. Matthew Peron will take on the role effective April 13 and will be based in the US. Peron will oversee the firm's centralised equity research function and ...