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OneVue takes control of Sargon stake in Sequoia

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... across Sargon Capital, who now nearly doubled the shares held in its name and Valuead, whose shares remained the same. For the next year, Sargon left its Sequoia holding untouched. On December 6 last year, Sargon's interest in Sequoia was largely the ...

Magellan cracks $100 billion

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... Just one year ago, this number was about $73 billion. "We are not believers in chest beating. The markets can be humbling...next month we could be under that if they don't go well," Magellan general manager of distribution Frank Casarotti told Financial ...

FSC sheds light on cancer impact

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
... 30 June 2019. Claims made as a result of breast cancer lead the way by far, with 8.82 claims per 100,000 people insured. Next most impactful is prostate cancer, which causes around half the life insurance claims of breast cancer per 100,000 people insured ...

Dealer group restructures leadership

ELIZABETH MCARTHUR  |  TUESDAY, 4 FEB 2020
... that, supported by our senior management team, Ian and Michael have what it takes to successfully lead Synchron into the next decade."

PIMCO puts Aussie LIT on ice

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... average, from investment commissions. This includes grandfathered commissions which are set to be phased out by January 1 next year. De Gori said the FPA supports the removal of on-client directed fees in all financial advice services.

Retail funds outperform, but industry funds dominate

HARRISON WORLEY  |  MONDAY, 3 FEB 2020
... default investment option was the best performing default option in personal super over the last three years, returning 10.2%. Next best were Hostplus and UniSuper's personal balanced options, which both returned 10% over the same period of time. The ...

Chief economist update:China prepares anti-viral injection

BENJAMIN ONG  |  MONDAY, 3 FEB 2020
... human population is afraid, very afraid. While the current stats indicate that 97.8% of those infected would not pass on the next life, the scare and the negative consequences on economic growth, especially China's, are equally scary, if not scarier. ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... disclose in writing the total fees that will be charged. They must also outline the specific services to be provided over the next 12 months and obtain written consent from the client about the arrangements. The draft legislation for recommendation 2.2 ...

Sargon runs out of steam

KANIKA SOOD, JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2020
... in April, trustee business Diversa in September and advicetech Decimal later than month. Its ambitions continued into the next year, when Sargon announced it would launch a small APRA fund, a trustee tech solution, and a suite of fund administration ...

First State Super acquires rental properties

ALLY SELBY  |  THURSDAY, 30 JAN 2020
... Epping in NSW in mid-2019. We now have four other similar investments in NSW and will shortly commence construction on our next project in Miranda NSW. "This is our first investment in key worker affordable housing in Victoria. We chose this development ...