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Swan talks up bank reforms for competition

MELANIE TIMBRELL  |  MONDAY, 13 AUG 2012
... said it will undertake a comprehensive review of the sector designed to focus on increasing competition, should it win the next election. Last week shadow treasurer Joe Hockey reaffirmed the position, saying it would be extended to the $1.8 trillion ...

CommCentral launches FOFA revenue management solution

LINDA HAUSKEN  |  MONDAY, 13 AUG 2012
... currently use to manage and allocate fees and remuneration related activities." Brabender believes that Revex represents the next generation system where fee for advice will be the industry norm.

Outsourcing helps UK trustees better manage funds

ALEX DUNNIN  |  FRIDAY, 10 AUG 2012
... the two thirds of the UK funds which do not currently use a fiduciary manager, nearly 40% are considering using one in the next 12 months. When selecting a fiduciary manager, the poll found investors believe portfolio management and risk management experience ...

The QE Paradox

BENJAMIN ONG  |  FRIDAY, 10 AUG 2012
... indecisions... Is this the sound of silence I hear? Investors appear to have stopped on their tracks, unsure of whether the next move would be a jump or a dive. But with momentum blowing on their tail, chances are the uptrend that started in the middle ...

Patron grows adviser numbers

LINDA HAUSKEN  |  THURSDAY, 9 AUG 2012
Patron Financial Advice will continue to grow its adviser numbers over the next year due to constant demand from the advice sector that is currently dissatisfied with institutional dealer groups. Last financial year, Patron Financial Advice added 18 ...

Known knowns

BENJAMIN ONG  |  THURSDAY, 9 AUG 2012
... - Italy's economy has contracted for the fourth straight quarter, the BOE sees no growth this year and only 2.0% over the next two years (from 2.5% estimated only three months before), German factory orders dropped by 1.7% in June (more than twice as ...

Mercer: Stronger Super adds pressure on funds

LINDA HAUSKEN  |  WEDNESDAY, 8 AUG 2012
... the implementation costs to Mercer for the Stronger Super and FOFA reforms could amount to as much as $25 million over the next five years. However, as a solution to the issue, he said moving to a master trust arrangement could help corporate funds reduce ...

Talkin' bout my generation

LINDA HAUSKEN  |  TUESDAY, 7 AUG 2012
Two leading industry associations expect the next generation of advice clients to be attracted to financial advisers possessing the right soft skills, industry-specific education and strong ethics. The differences between the service offerings of Gen ...

Tyndall seeks opportunity in loan market restructure

MELANIE TIMBRELL  |  TUESDAY, 7 AUG 2012
... merchant banks. "In the institutional space I think this is an example of fifth pillar finance where people can come in and sit next to the banks and participate in what we think are some pretty attractive opportunities." Tyndall AM is planning the launch ...

Market Wrap

AAP  |  MONDAY, 6 AUG 2012
... Australian share market has opened higher on renewed hopes that the US Federal Reserve would announce stimulus measures at its next meeting. At 1018 AEST on Monday, the benchmark S&P/ASX200 index was up 62.7 points, or 1.49 per cent, at 4,284.2, while ...