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Daily Economic Update

... weaker-than-expected growth in the third quarter gives credence to the Financial Standard Intelligence Unit's view that the next RBA move on monetary policy is biased towards lower interest rates.

12 more for RetireInvest

... a strong position to start 2006, the final year in a three-year change management program. "Growth is our primary aim for next year," he said. According to Rainmaker, RetireInvest have nearly $11 billion in funds under advice through around 220 plann ...

Principal flags new chief as West goes East

... Australian arm, will take up the new role of managing director in East Asia. He will continue in his dual role until mid next year, before moving to the group's Singapore base. Group CEO Jim McCaughan said the new position would build on West's track ...

FPA chief exec Kelly resigns

... and there is still work to be done to build on the FPA's strategic initiatives." "Kerrie's continued contribution over the next few months, supported by an established management team will help ensure a smooth and orderly transition to our next CEO." ...

Suncorp feels better now with Medibank mandate

... Equities Trust is expected to prove popular as the Medibank mandate is likely the first in a string of institutional mandates next year. Mark Tupicoff, Suncorp's head of business development, said they are in talks with other companies and superannuation ...

We will revolutionise multi-mgt through absolute returns: MLC

... MLC balanced portfolio fund did 20 years ago. "Every 20 years or so, we think we do something revolutionary. This is the next one." "We started the industry back in 1985 with our multi manager fund then, and this is the same now. We believe that in 20 ...

DSTi risk solution protects another manager

... per cent of our survey participants identified that they expected demand to increase for quantitative risk measure over the next four years. A majority also thought that increased reporting risk will be mandated by legislation, with 57 per cent believing ...

Aon predicts 2006 risk issues

... specialist Aon predicts that staff retention, outsourcing and climate change will be the dominant risk concerns over the next few years. The group has outlined these themes to coincide with the launch of their annual questionnaire into the trends and ...

Trilogy add new income trust product

... alternative income investments steps up a notch. "When Baby Boomers start to draw down on their retirement funds over the next few years, they will want to squeeze every available income dollar out of their portfolio to maintain their desired lifestyle." ...

Rei Super gains APRA licence

... prospering in the future so we wanted this project out of the way this calendar year so we can focus on growing the fund next year," said Rei Super's CEO Mal Smith. To help with the application, Smith said they contracted 'Professional Financial Solutions' ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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Blake Briggs

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