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Showing 9881 - 9890 of 21783 results for "Dec"

Decumulation will drive investment focus shift: AXA IM

EMMA RAPAPORT  |  TUESDAY, 20 JUN 2017
Institutional investors are shifting investment strategies in search of income generation and inflation protection over the long term in response to the advent of the superannuation decumulation phase, AXA Investment Managers believes. According to ...

FSU calls out NAB for lack of standards

JAMIE WILLIAMSON  |  TUESDAY, 20 JUN 2017
Any compliance breaches made by NAB Financial Planning around the incorrect witnessing of Beneficiary Nomination forms prior to 31 May 2017 should not be included in the new conduct background check protocol. That is the view of the Finance Sector Union ...

Leadership restructure for Grant Samuel

JAMIE WILLIAMSON  |  TUESDAY, 20 JUN 2017
After a decade at the helm, Grant Samuel Funds Management chief executive Andrew McKinnon will take on a new role and his successor has been named. As of 1 July, McKinnon will serve as executive chair of the GSFM board, replacing non-executive chair ...

PAC secures $33m in insto capital

ALEX BURKE  |  MONDAY, 19 JUN 2017
Pacific Current Group (PAC) successfully completed an institutional placement of $33 million partly to repay debts stemming from the acquisition of a US boutique. The placement, which was fully underwritten by Ord Minnett, comprised approximately $12 ...

Millennials choosing stock market over housing market

JAMIE WILLIAMSON  |  MONDAY, 19 JUN 2017
As the prospect of owning their own home becomes less of a reality, millennials are turning to the stock market to invest and build their wealth. New insights from CommSec reveal more than half of all new customers are under the age of 35, with the ...

Permanent ban for ex-OnePath adviser

KARREN VERGARA  |  MONDAY, 19 JUN 2017
ASIC has permanently banned a financial adviser for double charging clients and falsifying records. Robert Hutchison, from Western Australia, was an authorised representative of RI Advice Group, an Australian financial services licensee owned by OnePath ...

Link rebrands managed fund admin subsidiary

JAMIE WILLIAMSON  |  MONDAY, 19 JUN 2017
Link Group has rebranded the $43 billion managed fund administrator it acquired last year. White Outsourcing, purchased by Link from Steadfast Group in December 2016, will now be known as Link Fund Solutions and will be part of Link's Corporate Markets ...

Central Banks fail to disappoint

BENJAMIN ONG  |  MONDAY, 19 JUN 2017
Central bank decisions, forward guidance or even a word change in policy statements move markets. Not that anyone has to be reminded about this truism of course. The world's four major central banks - the Fed, the ECB, the BOJ and the BOE - and the ...

Equity Trustees appointed RE to multinational group

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
Equity Trustees will be the new responsible entity for a multinational financial services group operating in Australia which recently launched two equity funds. Sanlam Private Wealth Australia, formerly known as Calibre Investment, launched the SPW ...

UBS cops $280,000 ASIC fine

ALEX BURKE  |  FRIDAY, 16 JUN 2017
UBS Securities paid $280,000 in penalties following two infringement notices issued by ASIC's Markets Disciplinary Panel. The first infringement notice pertained to UBS' PIN crossing system, in which orders are executed based on algorithms reflecting ...