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CFS launches range of SMAs

JAMES FERNYHOUGH  |  THURSDAY, 1 MAY 2014
... SMA style solution. But we already have demand from other customers, so we'd expect more of this to roll out throughout the next financial year." Stevens said SMAs bring tax advantages benefits over traditional pooled investment funds. "While it's a ...

BetaShares passes $1bn milestone

MARK SMITH  |  THURSDAY, 1 MAY 2014
... investors construct more diversified, robust investment portfolios" BetaShares managing director Alex Vynokur. "As we enter our next phase of maturity we will continue to develop new investment tools to meet the needs of Australian investors." The announcement ...

New fund to give retail investors access to volatility index

LAURA MILLAN  |  WEDNESDAY, 30 APR 2014
... Triple3 Volatility Advantage Fund, which will give retail investors exposure to options on the VIX Index. The fund to launch next week and requires a minimum investment of $25,000. "We are hoping that it will have a broad appeal among sophisticated investors ...

No cut to age pension in this term: Abbott

JAMES FERNYHOUGH  |  TUESDAY, 29 APR 2014
... change to the age pension in this term of parliament, putting an end to speculation that the pension would be cut back in next month's budget. However, the PM used his address to the Sydney Institute last night to state his intention of making changes ...

Bring in Chilean-style super tender process: Grattan Institute

JAMES FERNYHOUGH  |  MONDAY, 28 APR 2014
... would win the right to be offered as a default for a period. All other funds would be excluded from consideration until the next auction, and would have to compete in the market as choice products. APRA would continue to assess candidate funds to ensure ...

Risk management top concern for sovereign wealth funds

JAMES FERNYHOUGH  |  WEDNESDAY, 23 APR 2014
... concern. More specifically, 38% of respondents said adjusting to higher interest rates would pose the biggest challenge over the next two years, while 37% said the biggest challenge would be managing emerging market volatility. Meanwhile 25% expressed ...

What is the future of transition management?

JAMES FERNYHOUGH  |  WEDNESDAY, 16 APR 2014
... According to Michael Jackett-Simpson, managing director of Citi Group's Australian transition management operations, the next few years are likely to see high demand for transition managers as more and more super funds merge. "I'm happy to see consolidation. ...

Protection needed if pension age increased: AIST

LAURA MILLAN  |  TUESDAY, 15 APR 2014
... Treasurer Joe Hockey during a conference in Washington. Hockey said that the number of retirees in Australia will double over the next few decades and referred to the International Monetary Fund (IMF) recommendation that more countries should consider ...

TPB releases tax advice definition in YouTube video

LAURA MILLAN  |  MONDAY, 14 APR 2014
... requirements established by the TPB. In the video, Taylor explained that "transitional arrangements will be in place over the next three years so that financial advisers who need to register with the TPB can do so." Between July 1, 2014 and January 1 ...

A 1987-style crash cometh (again)

BENJAMIN ONG  |  MONDAY, 14 APR 2014
... Johnny Little of 'em all, Dr. Marc Faber warning you, I and Irene that, "I think it's very likely that we're seeing, in the next 12 months, an '87-type of crash." "This year, for sure - maybe from a higher diving board - the S&P will drop 20 per cent." ...