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Pacific Current Group expands US investment

HARRISON WORLEY  |  THURSDAY, 24 JAN 2019
... will help transform how financial advisers serve their clients through its open architecture platform and the application of next generation technology," Greenwood said. "While our economic investment may be modest, IFP's growth prospects make us excited ...

Will the PC recommendations fall through the cracks?

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
... report, has its push to overhaul the superannuation system fallen on deaf ears? Two legal experts discuss what could happen next. Following a three-year review that produced 31 recommendations, there is the risk that the Productivity Commission's ...

Copia hires from Zenith

KANIKA SOOD  |  WEDNESDAY, 23 JAN 2019
... team. Anthony will help build Copia's profile and distribution footprint to Australian financial planners as we embark on our next phase of growth," Cole said. Copia Investment Partners has about $1.6 billion in funds under management raised from both ...

Chief economist update: Don't buy now, Australian property will be cheaper

BENJAMIN ONG  |  WEDNESDAY, 23 JAN 2019
... "independent macroeconomic research" company joining AMP Capital and Industry Super Australia in predicting that the RBA's next move would be a cut in the official cash rate. The change in the outlook is due to Capital Economics' expectation ...

Industry funds dominate member satisfaction

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... HOSTPLUS, making it unlikely for all funds in the top 10 to have an equal chance of selection," the Roy Morgan report said. The next issue is that member satisfaction will vary over the years, just like fund performance. And this could lead to confusion. ...

Chief economist update: Policy normalisation interrupted

BENJAMIN ONG  |  TUESDAY, 22 JAN 2019
... stance. Sure, these would delay central banks' march towards policy normalisation, leaving little ammunition to fight the next downtrend. But hey, we're now in a downtrend... and fight the central banks must. "A stitch in time saves nine!"

Global multi-boutique eyes Australia

KANIKA SOOD  |  MONDAY, 21 JAN 2019
... invested (or committed) in them. The company doesn't have immediate plans to put up an Australian office. It will spend the next six months in developing relationships with asset consultants, super funds, and distribution partners. "The main focus ...

BNP Paribas Securities Services names APAC lead

KARREN VERGARA  |  MONDAY, 21 JAN 2019
... Singapore. Benoit will relocate to Paris to take up his new position as head of strategic business development and transformation next month. In this role, Benoit will report to Patrick Colle, general manager of BNP Paribas Securities Services. Separately ...

BT launches new managed accounts offerings

HARRISON WORLEY  |  MONDAY, 21 JAN 2019
... BT said it intended to add more managed accounts to BT Panorama, flagging more than 20 new additions would be made in the next 12 months. "CoreSeries offers advisers and their retail clients access to a range of high quality investment managers with ...

Industry fund chief executive moves to life insurer

KANIKA SOOD  |  MONDAY, 21 JAN 2019
... fund is leaving to take the top job at a life insurer. Statewide Super chief executive Richard Nunn will join MetLife as its next chief executive on May 1, leaving the super fund at the end of February. The South Australian superannuation fund is one ...