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| | | RaboPlus has cut the brokerage fee on the BT Wholesale-Imputation fund by 50 basis points to 0.25 per cent during this month. The news follows RaboPlus adding nine BT Investment Management wholesale funds to the firm's platform in November last year. ... |
| | | | Financial Synergy is upgrading the firm's superannuation administration tool, Acurity, to make it more user-friendly and efficient for accountants and financial planning dealergroups. According to Robert McKinlay, Financial Synergy general manager administration ... |
| | | | Russell Investment Group has cut around 20 per cent of the firm's Melbourne and Sydney staff, but leaves local investment teams mostly intact. According to industry sources, the firm's Melbourne office, where the majority of staff cuts were made, suffered ... |
| | | | HSBC has appointed HSBC Bank Australia chief executive, Stuart Davis, as chief executive of the group's operations in India but leaves the Australian role empty. Davis' replacement will be announced "shortly" a statement from the firm said. Meanwhile ... |
| | | | ... not be continuously maintained to provide retirement benefits to members before and after the sale of the pre-1999 SMSF. Michael D'Ascenzo, ATO commissioner, said the transitional provisions only apply in specific circumstances. "We are aware these arrangements ... |
| | | | Ratings firm Morningstar has kept its 'recommended' rating on PM Capital's Absolute Performance strategy. According to the firm's latest report, PM Capital was one of the worst performing global equities strategies in the Morningstar coverage list during ... |
| | | | Standard & Poor's has upgraded the Goldman Sachs JBWere Australian Equities funds to a 'three stars' rating after a review found the investment team is more stable. The funds were previously rated 'two stars' by the ratings firm. The upgrade means the ... |
| | | | BT Financial Group has broadened the international fixed interest mandates with two investment managers to take advantage of opportunities in global credit and mortgage backed assets. Patrick Farrell, BT Financial Group head of investments, said instead ... |
| | | | AXA Australia is taking its financial planning recruitment drive overseas, adding 13 planners from South Africa and the UK to the dealer group. Paul Williams, national manager for AXA Financial Planning and Charter Financial Planning, said the firm ... |
| | | | Lonsec has reinstated HFA Asset Management's International Shares fund 'recommended' rating. The fund had been on 'fund watch' since January 20 because of "uncertainty surrounding the parent company, HFA Holdings". Those concerns have since been allayed ... |
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