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CFS and a messy MySuper transition

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... failed to transition 13,000 members into MySuper products during the 2014 switch - a breach it reported to APRA. Over the next three-and-a-half years, as CFS executives worked with APRA on resolving the breach, the fund allegedly sent out ambiguous member ...

Mainstream enters SMA market

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... electronic trading in international equities and cash via an independent, lower fee digital platform," Smith said. Over the next two to three years, Mainstream will enhance its business model, developing its own digital capability to include online applications ...

New fund to invest in "clean disruption" tech

KANIKA SOOD  |  TUESDAY, 14 AUG 2018
... air pollution is the fourth largest killer of people globally is something we believe can be dramatically improved over the next decade through investing in the right types of companies enabling a less polluted world," Hua said. "We believe this shift ...

Challenger increases annuity distribution

JAMIE WILLIAMSON  |  TUESDAY, 14 AUG 2018
... the year pushing its funds under management up 8%. Benari said the group has great momentum and is well positioned for the next phase of growth. "We are diversifying our product and distribution reach to capture strong growth opportunities, supported ...

OneVue and Mercer join forces

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
OneVue is partnering with Mercer and a boutique financial advice group for a new bespoke private label offering. The fund administrator and platform provider is leveraging Mercer's asset consulting expertise to create Nextplan Wealth Management for ...

Mason Stevens renews custodian

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
... custodian as it continues to build its business. NAB Asset Servicing will handle Mason Stevens's custody needs for the next five years. The eight-year-old managed accounts provider started to expand its offerings of separately managed accounts and ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
"...the next move in the OCR could be up or down". This was a fair enough hedged bet from the Reserve Bank of New Zealand (RBNZ) - more like the oft-repeated statements from other central banks saying "the risks are evenly balanced" - but Governor Adrian ...

Magellan funds record $331m profit

KANIKA SOOD  |  THURSDAY, 9 AUG 2018
... year. This spend has grown its brand awareness by 30% over the prior year in the self-directed retail channel. What's next for Magellan? Magellan said it has new products under development and is seeking to launch them in the next one to two years. ...

Glennon Capital hires marketing director

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
... portfolio. Brooke's expertise in marketing strategy, branding, digital and social media will be an asset as we move to the next level in our company's development," he said.

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... any debate. What's bugging me are the forecasts, the expectations, the speculations, the educated that the RBA's next action on interest rates is to give it a lift. That's all well and good for it suggests that the economic growth is strong ...