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Super governance at top of APRA agenda

MARK SMITH  |  MONDAY, 21 MAR 2016
The Australian Prudential Regulation Authority has highlighted three superannuation governance issues it will prioritise in its regulatory agenda for 2016. The first of these issues is what the regulator called "the robustness of strategic and business ...

Retail managed funds rose strongly in 2015

MARK SMITH  |  FRIDAY, 18 MAR 2016
... companies which administer managed funds, BT leads the industry in the market share stakes with 18.5% of total FUM. AMP is close behind with 17.4% with CBA/CFS (15.8%), NAB/MLC (14.2%) and Macquarie (8.1%) rounding out the top five.

ME lifts profit 8pct

MARK SMITH  |  THURSDAY, 17 MAR 2016
... front, ME's new mobile app, which launched in July 2015, has increased mobile-based transactions threefold, and the bank is close to finalising the technical infrastructure to display industry super member balances on its online and mobile banking platforms ...

MLC awards $1.4 billion global equities mandate

MARK SMITH  |  WEDNESDAY, 16 MAR 2016
NAB Asset Management's UK based investment partner, Intermede Investment Partners, has been awarded a $1.4 billion global equities mandate from MLC. The London-based boutique will manage part of the MLC global shares strategy across a number of MLC's ...

Australian non-bank finance shows robust growth

WHITNEY FITZSIMMONS  |  WEDNESDAY, 16 MAR 2016
... 2015 with China's market leading the pack at $1.36 billion. Japan's market ranked second at $483 million with Australia a close third at $467 million, up from $32 million in 2013. Global co-lead for KPMG's fintech practice Ian Pollari said online alternative ...

Adequacy benchmark to help define super

DARREN SNYDER  |  WEDNESDAY, 16 MAR 2016
... income earners. AIST - like many others in the super industry - has done a lot of work that is evidence-based...on how to close this inequity gap in super," Garcia said. "If super tax changes are indeed announced in the upcoming budget and they fail ...

J.P. Morgan adds eight funds to mFunds

KERRIE SYDEE  |  WEDNESDAY, 16 MAR 2016
J.P. Morgan Asset Management has launched eight products on the ASX mFund Settlement Service. Responding to rapid business expansion and increasing client interest for a globally diverse range of products J.P. Morgan Asset Management has added four ...

AXA IM sees inflows double

MARK SMITH  |  TUESDAY, 15 MAR 2016
AXA Investment Managers (AXA IM) saw record net new money inflows in 2015, with strong demand coming from Australia and the wider Asia Pacific region. AXA IM pulled in €42 billion ($62 billion) globally in the 12 months to 31 December 2015, a 120% ...

Board members lose independence after 12 years: CalPERS

DARREN SNYDER  |  TUESDAY, 15 MAR 2016
One of the world's largest pension funds believes that company directors who serve more than 12 years on the same board are at risk of compromising their independence. The California Public Employees' Retirement System (CalPERS) has revised its global ...

We've got the power and firepower (still)

BENJAMIN ONG  |  MONDAY, 14 MAR 2016
... clearly having the desired effect." But the A$ was trading at around the US$0.72 level last month, it's currently fetching close to US$0.76 with momentum still on the upside.