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Australia and UK to shape retirement landscape

DARREN SNYDER  |  MONDAY, 14 MAR 2016
A global pension expert believes both Australia and the UK will play a major role in driving future ingenuity and innovation for retirement markets across the world. On the eve of attending the Conference of Major Superannuation Funds (CMSF) in Adelaide ...

Four bazookas and a phrase

BENJAMIN ONG  |  FRIDAY, 11 MAR 2016
... Council sees a sustained adjustment in the path of inflation consistent with its aim of achieving inflation rates below, but close to, 2% over the medium term." Expansion of eligible assets for purchase. Investment grade euro-denominated bonds by non-banks ...

SMAs driving growth at fund manager Altair

MICHELLE BALTAZAR  |  MONDAY, 7 MAR 2016
... Management are seeing more demand for its managed accounts solutions, signing two major planning groups in recent months and close to wrapping up one other. Founder and chief investment officer Philip Parker said that the fund manager's decision to provide ...

HUB24 funds under administration to hit $3bn

MICHELLE BALTAZAR  |  MONDAY, 7 MAR 2016
... just over a dollar, shares in the platform provider have more than quadrupled before settling in at $3.90 as of yesterday's close. Investors are giving it a thumbs-up on three fronts: it grew its funds under administration (FUA) from $1.7 billion back ...

T+2 settlement arrives on Monday

DARREN SNYDER  |  FRIDAY, 4 MAR 2016
... important milestone in improving the efficiency and competitiveness of the Australian market. "The initiative has required the close collaboration of many of our customers across the equity and fixed income markets, both in Australia and New Zealand," ...

Investment analysts overpaid and mostly redundant: Moore

MARK SMITH  |  THURSDAY, 3 MAR 2016
An obsession with peer risk and swollen investment teams in the funds management industry means end investors are getting expensive and mediocre performance from closet tracker funds, according to veteran chief investment officer of PM Capital, Paul ...

Another standout economic performance

BENJAMIN ONG  |  THURSDAY, 3 MAR 2016
... on 1 March, "...the Board judged that there were reasonable prospects for continued growth in the economy, with inflation close to target. The Board therefore decided that the current setting of monetary policy remained appropriate."

First State Super announces new custodian

DARREN SNYDER  |  WEDNESDAY, 2 MAR 2016
First State Super has announced it is appointing State Street to provide custodial services at the $52 billion industry superannuation fund. State Street will now provide master custody, investment administration and custody ancillary services, and ...

H2 Ventures scores Investec funding

DARREN SNYDER  |  WEDNESDAY, 2 MAR 2016
International banking group Investec Australia has further endorsed the growing fintech industry by committing sizable funding to venture capital firm, H2 Ventures. The investment is expected to assist H2 Ventures roll out its next round of funds as ...

Joyce Phillips leaves in ANZ restructure

ALEX BURKE  |  WEDNESDAY, 2 MAR 2016
ANZ has announced it is simplifying its wealth management business, with group executive wealth, marketing and innovation Joyce Phillips departing in the process. The group's full year 2015 results showed the Global Wealth division contributed 8% to ...