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IFM sees value in handbags

JAMIE WILLIAMSON  |  FRIDAY, 24 FEB 2017
The private equity arm of IFM Investors has branched out, making a significant minority investment in an Australian fashion accessory retailer. As part of a greater investment strategy, IFM bought into affordable handbag and accessory retailer Colette ...

The power of optimism

BENJAMIN ONG  |  THURSDAY, 23 FEB 2017
"Some pick-up in wages growth is also expected, although wage increases are likely to remain below average for some time yet. Our liaison with businesses does not suggest that a pick-up in wage growth is imminent, but nor does it suggest that a further ...

Industry realigns for climate change

ALEX BURKE  |  TUESDAY, 21 FEB 2017
Australia's financial services industry and regulators no longer broadly consider climate change to be a separate, distant or "non-financial" issue. APRA member Geoff Summerhayes' speech on the topic at the Insurance Council of Australia Annual Forum ...

Antares reaches landmark managed accounts FUM

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2017
... years we've really seen a significant increase in their popularity, particularly in the last 12 months where we've seen close to a third of our investors' money come in," Donohoe said. Antares Equities offers four SMAs, including an income-focused Antares ...

ASIC watching SMSF advice closely

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2017
ASIC will undertake a major project focused on the advice provided to self-managed super fund clients, particularly around the establishment of SMSFs, as the regulator continues its work to lift the standard of financial advice in Australia. Deputy ...

Queensland Treasury issues green bonds

EMMA RAPAPORT  |  FRIDAY, 17 FEB 2017
... bonds were sold around the world. Moody's anticipated the total issuance for 2016 to exceed US$80 billion, which would be close to twice the US$42 billion recorded for 2015. The Victorian Government green bond, issued on 19 July, has raised $300 million ...

Hunter Hall shareholders urged to hold the line

ALEX BURKE  |  MONDAY, 13 FEB 2017
Hunter Hall's independent directors impelled shareholders to ignore increased takeover bids from Washington H. Soul Pattinson and Pinnacle Investment Management. On Friday, Pinnacle announced it was increasing its takeover offer for all shares in Hunter ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... surrounding the culture, practices and consumer protections in the financial services sector. Collins warned the public to keep a close watch on who the government appoints to the standards-settings body. The Government will now turn its attention to ...

Custodians turn attention to CIVs and MITs

DARREN SNYDER  |  THURSDAY, 9 FEB 2017
The Australian Custodial Services Association will focus its attention around improving the local funds management sector to increase its global competitiveness in 2017. Speaking to its 2016: Year in Review report, ACSA said it will specifically focus ...

HUB24 the fastest growing platform

JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2017
HUB24 signed 10 new distribution agreements and welcomed 47 advisers to its platform over the December quarter as it continues an impressive growth strategy. The platform's quarterly business update showed a $1.8 billion (75%) surge in funds under administration ...