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MySuper gets Government tick

RUTH LIEW  |  MONDAY, 2 AUG 2010
... the MySuper fund. "The MySuper reforms are part of the Gillard Labor Government's plan for a stronger economy and are the next phase of Labor's reforms to our national superannuation system," noted a statement on the Prime Minister's website. In a blog ...

Sovereign keeps overweight to distressed debt

MICHAEL HOBBS  |  FRIDAY, 30 JUL 2010
... think defaults will probably step up because of an exceptionally large amount of debt that has to be refinanced over the next two to three years." The researcher is also recommending an overweight portfolio position in distressed credit hedge funds ...

Fidelity's Bolton eyes small to mid-size China stocks

PRESS RELEASE  |  FRIDAY, 30 JUL 2010
... The president of investments at Fidelity International said China remains one of the best investment opportunities of the next decade despite a move by the Chinese government to slow growth. "In a low growth environment the high relative growth being ...

Bennelong appoints Intech head as chair

COMPANY RELEASE  |  FRIDAY, 30 JUL 2010
... Bennelong Funds Management has appointed former Intech head of fund services, Bruce Loveday, as chairman of the board, starting next month. Loveday was previously head of fund services and head of sales and marketing with Intech Financial Services, director ...

Coalition details stance on commissions

MICHAEL HOBBS  |  THURSDAY, 29 JUL 2010
... each major party. The election outcome will fundamentally shape the face of superannuation and wealth management over the next two decades. Fiona Reynolds, chief executive of the Australian Institute of Superannuation Trustees (AIST), which represents ...

New leadership at ANZ wealth

RUTH LIEW  |  THURSDAY, 29 JUL 2010
... become acting managing director wealth (Australia) and will help with the transition ahead of his planned return to the US next year. The appointment follows ANZ's $1.76 billion acquisition last year of the 51 per cent stake it did not own in a joint ...

BTIM hires new portfolio manager, Swift departs

MICHAEL HOBBS  |  THURSDAY, 29 JUL 2010
... Exchange and in a similar role before that at LIFFE. Wild finishes his role at Russell tomorrow and starts his position at BTIM next month. The new role follows Emilio Gonzalez, chief executive at BTIM, move to overhaul the fund manager's income and ...

Inflation no show

BENJAMIN ONG  |  THURSDAY, 29 JUL 2010
... consensus is for a one per cent gain in the second quarter -- expect the Reserve Bank of Australia not to lift interest rates next week. If it's above that, well... there goes another chunk of your disposable income! Has central banking been reduced ...

FEAL Conference cuts through the noise

MICHAEL HOBBS  |  WEDNESDAY, 28 JUL 2010
... super fund professionals are set to attend this year's Fund Executives Association Limited (FEAL) Conference, which kicks off next Wednesday and will confront trustees with the question: whose interests are you really serving? The conference will be ...

Should super go social?

MICHELLE BALTAZAR  |  WEDNESDAY, 28 JUL 2010
... socialising, not working - about play, not business... dismissing social networking in this way is not only choosing to neglect your next generation of customers, but it is ignoring the very key to growing your business," she said. But she warned against ...