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MLC adds to SMA suite

KERRIE SYDEE  |  TUESDAY, 12 JUL 2016
... in the SMA space for more than seven years with almost $900m in FUM. The Antares Ex-20 Australian Equities strategy is the next evolution in the breadth of Antares' capability and we're extremely pleased to be able to offer it to investors who may be ...

Nationals senator not giving up on life insurance investigation

ALEX BURKE  |  TUESDAY, 12 JUL 2016
... of Australians in the future. I don't think there will be any political games being played." In a statement welcoming the next Coalition government, the Financial Services Council also emphasised the importance of improving the standards of the industry ...

Fortnum adds five new practices

KERRIE SYDEE  |  TUESDAY, 12 JUL 2016
... in the last six months. Fortnum Financial Advisers and FPSA managing director, Joel Taylor, said the group represented the next generation of professional advisory firms, noting the average age of an FPSA adviser was 41-years-old. "We're excited to have ...

MORE Super switches to Simple Fund 360

MARK SMITH  |  MONDAY, 11 JUL 2016
... managing director Ron Lesh said MORE Super is one of a number of large administrators looking to move to Simple Fund 360 in the next few months. There are now over 1,400 businesses representing almost 80,000 SMSFs using Simple Fund 360 making it the ...

DomaCom prepares to list on ASX

KERRIE SYDEE  |  MONDAY, 11 JUL 2016
... are confident this will translate into investor interest in DomaCom. "The infusion of capital will position DomaCom for its next growth phase - to instigate more property book-builds, and subject to regulatory approvals, launch a seniors' equity release ...

Advice bodies at odds over professional standards

KERRIE SYDEE  |  MONDAY, 11 JUL 2016
... what qualifications we need to do and we can't give them any answers. At the moment we're all treading water waiting for the next announcement and that creates indecision in the business and in the industry. It's a frustrating time for advisers." Read ...

S&P outlook downgrade extends to banks

KERRIE SYDEE  |  FRIDAY, 8 JUL 2016
... rating on negative watch means there is now a one-in-three chance S&P could downgrade Australia's AAA credit rating over the next two years if fiscal consolidation is not improved, current account deficient remains elevated or if terms of trade continue ...

So what if Australia loses its 'AAA'?

BENJAMIN ONG  |  FRIDAY, 8 JUL 2016
... country's high level of external indebtedness". "There is a one-in-three chance that we could lower the rating within the next two years if we believe that parliament is unlikely to legislate savings or revenue measures sufficient for the general government ...

Fund managers fleeing UK post-Brexit: Preqin

ALEX BURKE  |  THURSDAY, 7 JUL 2016
... suggested that the majority of investors and managers weren't too concerned about the potential investment fallout over the next 12 months; in fact, 31% of the hedge fund managers surveyed said Brexit would have a positive effect on performance while ...

Folkestone buys first asset for senior living fund

MARK SMITH  |  THURSDAY, 7 JUL 2016
... venture with the Watermark Partnership for our seniors living platform. "Watermark Castle Cove is an outstanding example of the next generation of retirement living communities which offers quality accommodation and premium facilities and services to ...