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| | | Opt-in, annual fee disclosure and best interest remain the sticking points for industry bodies following yesterday's release of the Parliamentary Joint Committee report on FOFA. The 220 page report, which took into account over 70 submissions from concerned ... |
| | | | Oh-em-gee! What a lotta cow droppings. I hope you're 'LOL' after reading this morning's commentaries of the happenings on The Street while we were sleeping. According to 'expert' analysis, "S&P 500 snaps four-day advance" (Bloomberg) and the Dow gave ... |
| | | | Perpetual Investments' $5.8bn Industrial Share Fund will have a change in manager with its current head, Matt Williams, to forgo his role leading the fund to focus on his other duties as head of equities. Since 2002, Williams and portfolio manager Charlie ... |
| | | | Deleveraging in US and Europe is going to be painful and will require courageous actions from politicians that run against the grain, according to head of global investment solutions at UBS. Deleveraging will mean years of slowed growth coupled with ... |
| | | | SFG Australia, formerly Snowball Group, has posted positive revenue and earnings on the back of cost savings and acquisitions, although flat markets have impacted funds under advice and administration. SFG delivered net operating revenue of $57.8 million ... |
| | | | MLC has shifted its Australian share strategy manager allocations for its major portfolios to add passive allocations to its investment strategy, replacing Concord Capital with Vanguard Investments among other changes. The MLC Horizon Series of portfolios ... |
| | | | AIA Australia's annual results show a 21% rise in premiums and 27% growth of total assets, contributing to AIA Group's total assets of US$115 billion. AIA Australia said it now holds the largest market share for group insurance, according to Plan for ... |
| | | | Australian Unity Investments has named Fiona Dunn as the new general manager, joint ventures and institutional. Dunn has held a number of senior business advisory roles, as well as being general manager of Perpetual's wholesales business, and was a ... |
| | | | In the first AGM season since its introduction, 17 companies have received their first strike under the two-strike rule but a new AMP report finds that company engagement has tripled. Last year the controversial two-strikes rule was introduced on July ... |
| | | | Hong Kong is the favoured country for property managers at Perennial Investment Partners this year, on the back of commercial and retail demand. Speaking at the Perennial Invest 12 event in Sydney today, David Kivell, managing director of Perennial ... |
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