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Manion leaves ipac

COMPANY RELEASE  |  FRIDAY, 22 JAN 2010
Sally Manion, head of ipac Financial Planning is leaving the firm next month while an executive search is underway for a new general manager ipac Financial Planning. In an email to ipac's equity partners, Neil Swindells, ipac chief executive, said Manion ...

Planners forced to rewrite succession plans

RUTH LIEW  |  FRIDAY, 22 JAN 2010
Ongoing regulatory reviews are casting a shadow on the succession plans of financial advisers due to retire in the next few years, placing a big question mark on how they can value their business. Craig Meldrum, national manager in technical services ...

Finance jobs to shine in 2010

RUTH LIEW  |  THURSDAY, 21 JAN 2010
... found that the majority (54.2 per cent) expect basic salary offers within their business to at least stay the same over the next 12 months. However, two out of five said they expect basic salary to climb up to 5 per cent. Not surprisingly, the main driver ...

RBF-Tasmania CEO resigns

RUTH LIEW  |  WEDNESDAY, 20 JAN 2010
... year. "It has been an exciting business development period and having seen RBF through this, I am looking forward to the next phase of my career," he said in an email response. Gillies has over 30 years working in the finance, wealth management and superannuation ...

Towers Watson to fix post-retirement blues

MICHELLE BALTAZAR  |  TUESDAY, 19 JAN 2010
... that best suit super funds and insurers - ahead of the three million Australian baby boomers expected to retire over the next 20 years. Towers Watson (the former Watson Wyatt Australia merging with Towers Perrin) is made up of three business segments ...

AFS to launch SMSF admin service

MICHAEL HOBBS  |  TUESDAY, 19 JAN 2010
... group chief executive at AFS Group, said the administration service was developed with Class Super and would be launched next month. The administration service would come in two versions, one that provides a basic SMSF setup service and another that ...

Former Asgard Wealth head moves to Masterkey

COMPANY RELEASE  |  MONDAY, 18 JAN 2010
... MasterKey investment platform. Brent Howells, head of product, Masterkey will report to Thomas, who starts in his new role next month.

Netwealth buys $700m FUA planning firm Bridgeport

MICHAEL HOBBS  |  MONDAY, 18 JAN 2010
... advisers who distribute netwealth and we have distribution ties through our dealership FPSA. To own the distribution is the next obvious channel," he said. He said netwealth had spent more than four years assessing different financial planning models ...

PIMCO senior exec to head Janus

COMPANY RELEASE  |  MONDAY, 18 JAN 2010
... Janus Capital Group has appointed the former chief operating officer at PIMCO, Richard Weil, as chief executive effective next month. The group's chair Steve Scheid said the board chose Weil because of his work at PIMCO, including setting up the German ...

Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 15 JAN 2010
... pressure back then? In his 2008 budget reply, ex-Opposition leader Brendan Nelson declared it a "tax and spend" budget while the next ex-Opposition leader Malcolm Turnbull called Labor the "Guilty Party" as he attacked its "reckless borrowing and spending" ...