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PIMCO to take RE in-house

ALEX BURKE  |  MONDAY, 31 OCT 2016
... management distribution strategy in Australia." It accompanied multiple new hires and a management restructure. This is the next major step. Unitholders will vote on the change in the first quarter of 2017, and PIMCO has highlighted multiple benefits ...

Round of redundancies in IOOF product distribution team

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2016
... restructure announced yesterday will see key members from the company's state-based distribution teams exiting the company next week, while some other roles have been moved interstate. The overall size of the team remains the same, he said. "There have ...

IRESS partners with UK wealth firm

ALEX BURKE  |  FRIDAY, 28 OCT 2016
... advisers. Tilney operates in over 30 UK offices and employs over 300 planners. In ASX statement, IRESS said this represents the next step in the group's 2016 UK expansion. IRESS chief executive Andrew Walsh explained: "Clients like Tilney Bestinvest ...

Infrastructure critical for super returns

KERRIE SYDEE  |  FRIDAY, 28 OCT 2016
... members." According to the report, industry super funds intend to invest approximately $10-20 billion in equity over the next decade which would fill the $80 billion infrastructure gap by more than 12%. "It is well accepted that Australia lacks an adequate ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 26 OCT 2016
... has also improved the export orders component to -6 from -10 in September. Expectations of increased export orders over the next three months have, in turn, lifted the CBI business optimism for the fourth quarter to -8 from -47 in the previous period. ...

Succession planning placed on the backburner

KERRIE SYDEE  |  TUESDAY, 25 OCT 2016
... present. But the undeniable reality is that there is a Baby Boomer bubble of owners trying to sell their small businesses to the next generation but there are not enough Gen Y buyers interested." "However, businesses that have been structured on corporate ...

Pension systems and ageing populations at crossroads

DARREN SNYDER  |  MONDAY, 24 OCT 2016
... that cannot be ignored in the ongoing reform of global pension systems, Knox said. "Whatever actual figure emerges in the next 40 years, there is little doubt that people are living longer in their older years," Knox said. "Without changes to retirement ...

The Fed "live" in November

BENJAMIN ONG  |  MONDAY, 24 OCT 2016
... economies since the crisis." "If we assume that hysteresis is in fact present to some degree after deep recessions, the natural next question is to ask whether it might be possible to reverse these adverse supply-side effects by temporarily running a ...

IML senior portfolio manager resigns

ALEX BURKE  |  FRIDAY, 21 OCT 2016
... but has indicated he is looking to set up his own business." Tagliaferro said Teh's new business would likely be set up "next July, or the second half of next year because of his contract." In the interim, Tagliaferro has taken over the fund Teh managed ...

Munchenberg to exit ABA

JAMIE WILLIAMSON  |  FRIDAY, 21 OCT 2016
... Munchenberg has resigned. ABA chairman Andrew Thorburn said Munchenberg had advised him that he would now like to move on to the next opportunity in his career, following six and a half years in the top job. Thorburn said that the ABA acknowledges there ...