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| | | Macquarie yesterday announced it is terminating several investment options within its SMA Model Portfolio over the coming weeks. Three options each offered by Activam and Boutique Wealth Australia will shutter on November 30 and December 15 respectively. ... |
| | | | ASIC chair Joe Longo has said introducing "frictions" into the super switching process could help avoid a repeat of the First Guardian and Shield "catastrophe". "No one wants to preside over a problem like this if there are some potential solutions. ... |
| | | | Although Payday Super addresses critical issues, including the $5 billion in unpaid super, the Coalition believes the government's "rushed implementation" of the bill could hurt the economy. Payday Super, which is slated to come into effect on 1 July ... |
| | | | Venture Egg financial adviser Ferras Merhi has been banned from working in financial services after ASIC successfully obtained interim restraining orders from the Federal Court. Yesterday, Justice Moshinsky restrained Merhi "through his servants, agents ... |
| | | | ASIC has banned Melbourne-based financial adviser Jovan Videkanic from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business ... |
| | | | ... transition phase and then post-retirement, North cites sequencing, market, inflation, longevity and emotional risks, or SMILE. "Yes, it's a cute acronym but we actually think it's possible for more people to be happy in retirement," says Hillier. ... |
| | | | Wilson Asset Management (WAM) has successfully taken over the board of the Pengana International Equities (PIA) LIC in the hope of overhauling its investment strategy amid continued underperformance. WAM's Geoff Wilson and Jesse Hamilton, and Richard ... |
| | | | Aware Super has integrated Ortec Finance's performance measurement and attribution software to enhance its ability to measure and manage investment performance, including improved currency hedge capabilities, across its portfolio. The software ... |
| | | | The merger between CareSuper and the Meat Industry Employees' Super Fund (MIESF) is now complete. The merger was effective yesterday, with CareSuper taking on MIESF's almost 17,000 members and about $1.1 billion in funds under management. Financial ... |
| | | | The Reserve Bank of Australia (RBA) kept interest rates on hold at 3.6% at the meeting yesterday - a move widely predicted by economists. However, some were surprised by the post-meeting statement released by the central bank. "Recent data, while partial ... |
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