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| | | Senator Nick Sherry has announced another inquiry into the superannuation system that kickstarts what could be the most fundamental review of modern superannuation since its introduction in the mid1980s. "After 21 years of operation, it's time to have ... |
| | | | Select Asset Management is exiting the retail third party distribution market and will now be focusing on manufacturing multi-asset class, multi-manager portfolios for its clients, says the firm's new chief executive, Andrew Fairweather. Fairweather ... |
| | | | The government has released a draft bill to develop a national credit licensing regime. The bill will create the Australian Credit License (ACL) which will come into effect from the beginning of next year. ACL holders must meet a set of minimum standards ... |
| | | | Listed Australian companies can do more to convince overseas fund managers and pension funds to invest in the local market, with some prospective investors complaining of inadequate company websites and substandard investor relations. Local fund managers ... |
| | | | AllianceBernstein has won a US Treasury mandate to manage assets issued by banks and other institutions involved in the Capital Purchase Program under the Emergency Economic Stabilisation Act. AllianceBernstein is one of three firms selected to manage ... |
| | | | Mutual funds are beating their institutional counterparts with the former reporting almost 30 per cent less outflows during last year. According Callan Associates, institutional asset losses were "extensive" across 17 traditional equity and fixed income ... |
| | | | CommInsure has signed the United Nations Principles for Responsible Investment (UN PRI). A Commonwealth Bank of Australia spokesperson said the investment team within the insurer is working on implementing the principles into the firm's process now. ... |
| | | | Headline: IMF warns worst to come, toxic debt to reach US$4,100,000,000,000. Yeah...yeah. Sure...sure. I am so scared. Wall Street ignored the International Monetary Fund's (IMF) Global Financial Stability Report (GFSR). This is because while delivered ... |
| | | | 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 ... |
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