| | FRIDAY, 20 SEP 2019 1:41PMAsset managers in the United Kingdom have shrunk their research budgets by up to 30% but are delivering millions in benefits to investors, according to the UK financial authority's review of MiFID II.|
|Colonial First State has awarded a mandate to a global asset manager for its Asian equities strategy.|
|Northern Trust's Australian business is gauging if exchange traded products could help grow its nascent asset management business in Australia, says country executive Angelo Calvitto.|
|Neuberger Berman has launched an actively managed, income fund in Australia.|
|A $222 billion global asset manager will launch a third diversified European infrastructure fund.|
|Colchester Global Investors has launched its new Emerging Markets Bond Fund for financial advisers to diversify within the income-generating allocations of client portfolios.|
|Morningstar research has revealed Australia is one of the most investor friendly nations in the world when it comes to fees and expenses. However, consumers may be getting the short end of the stick when it comes to fees and charges.|
|Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan.|
|Colonial First State Global Asset Management has kept its initials but picked a French name, as its chief executive and financial officer announce a rebrand and operational update under its new owner.|
|Chi-X Australia has launched a market-on-close trading solution that provides the opportunity for anonymous, all day liquidity and to execute at the ASX closing price.|
Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through the Senate yesterday.
Intrust Super has relaunched its robo-advice offering, increasing the solution's speed while decreasing the user input requirements.
Brett Himbury, the chief executive of the $148 billion industry-super-owned fund manager, is stepping down after a decade in the role in a surprise announcement made this morning.
The Federal Court of Australia has found IOOF did not contravene the Superannuation Industry Supervision Act in the case brought against its APRA-regulated entities by the prudential regulator.
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