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Super funds to invest direct into infrastructure

CHRIS NICHOLLS  |  FRIDAY, 14 SEP 2007
... $1.5 billion worth of contributions each year?'" Consequently, Szondy said direct infrastructure investment could be the next frontier for superannuation funds. "Infrastructure used to be just bridges and roads and airports, but the way they're now operating ...

Market Wrap - Morning

AAP  |  FRIDAY, 14 SEP 2007
... 15,821.19. HONG KONG - Blue chips rose to a record high as property shares gained on growing confidence of a US rate cut next week. The benchmark Hang Seng Index surged 226.88 points to 24,537.02. WELLINGTON - New Zealand shares were flat with the main ...

IOOF gets direct

CHRIS NICHOLLS  |  THURSDAY, 13 SEP 2007
IOOF will offer direct share investment through its platforms as of next year, according to head of strategy and product, Nick Everingham. He said the move came in response to adviser demand, and IOOF would be putting out a tender in coming weeks to ...

Harvard Endowment Fund chief quits

CHRIS NICHOLLS  |  THURSDAY, 13 SEP 2007
... effective at the end of 2007. He will return to California-based Pacific Investment Management Company (PIMCO) in January next year, in the newly created position of managing director, co-chief executive and co-chief investment officer. PIMCO founder ...

Aussie super funds leap into top 300

CHRIS NICHOLLS  |  WEDNESDAY, 12 SEP 2007
... start of the year, still represented only 0.6 per cent of total sovereign pension funds, but expected strong movement in next year's survey, following substantial contributions from the Commonwealth government. The Japanese sovereign pension fund remained ...

Good software frees advisers to advise

ALEX DUNNIN  |  WEDNESDAY, 12 SEP 2007
... said. Bishop said their structure allows them to keep adding features such as the insurance module they intend to launch next year. However, if integration is the objective, "the issue is how you integrate your tools, not competing on individual components ...

Consultum calls in the cadets

CHRIS NICHOLLS  |  WEDNESDAY, 12 SEP 2007
... provide support to our advisory base." He said he hoped the new program would see 15 new cadets join the company over the next year. The introduction comes as May, June and July showed record job vacancies for financial services staff across all Australian ...

The real choice battlefront: direct versus intermediated

ALEX DUNNIN  |  TUESDAY, 11 SEP 2007
... State with 5.4 per cent and ING with 5.2 per cent. The powerbrands of AustralianSuper and AMP held around twice that of their next ranked segment peers.

IOOF shifts paperwork online

CHRIS NICHOLLS  |  MONDAY, 10 SEP 2007
IOOF will make all it forms and reports available online over the next six months to appease adviser demand. Head of strategy and product, Nick Everingham, said the application forms would be made available "in the next few weeks", while the remainder ...

INGIM appoints new CEO

CHRIS NICHOLLS  |  THURSDAY, 6 SEP 2007
... strong investment knowledge and a range of skills, which are ideally suited to guiding the Australian business through the next exciting stage of its development." The investment teams will continue to report directly to McClatchy in his new role.