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Investment

Big Sky members vote in favour of Australian Unity deal

RACHEL DAVIS  |  FRIDAY, 24 FEB 2012
Members of Big Sky Credit Union Limited have approved a proposal to transfer the business to a wholly-owned subsidiary of Australian Unity Limited - Lifeplan Australia Building Society Limited.

Super fund private equity inflows constant

ELISE BURGESS  |  THURSDAY, 23 FEB 2012
Australian superannuation fund inflows into private equity have remained constant despite fears of a lag in interest, with Asian investors also investing in this space, according to speakers at a BNP Paribas event this week.

AREIT-ASX correlation doubles post GFC

ALEX DUNNIN  |  THURSDAY, 23 FEB 2012
Listed property returns have doubled their correlation with share market returns post GFC, reinforcing concerns AREITs continue to be wedged between the stock market and the strongly performing unlisted property sector, reveals new research from Rainmaker.

Cost cutting key for Perpetual in 2012

CLAIRE MCGREAL  |  THURSDAY, 23 FEB 2012
Cost reduction is a key priority for Perpetual Limited this year, with the group hiring an international consulting firm to review where savings can be made straight away.

Record month for ETPs

CLAIRE MCGREAL  |  THURSDAY, 23 FEB 2012
Global asset flows for exchange traded products (ETP) and fixed income exchange traded funds (ETF) hit record highs last month, according to latest research.

MLC and JANA form powerhouse consulting business

CLAIRE MCGREAL  |  WEDNESDAY, 22 FEB 2012
MLC Implemented Consulting and JANA Implemented Consulting will combine to create the largest implemented consulting business in Australia, with combined funds under advice of $27 billion.

ANZ acquires OptiMix from UBS

ELISE BURGESS  |  WEDNESDAY, 22 FEB 2012
ANZ Bank has officially acquired the OptiMix multi-manager business unit from UBS Global Asset Management, formerly managed by ING Investment Management (Australia), as the bank expands its strategy.

IOOF "resilient" results boosts FUA

ELISE BURGESS  |  WEDNESDAY, 22 FEB 2012
IOOF Holdings has recorded $46.1 million statutory profit for the six months to Dec 31, a period when its adviser base expanded by 270 and added $6.8 billion to its funds under advice, in results the group called resilient.

Beware the traps in aged care advice

ELISE BURGESS  |  WEDNESDAY, 22 FEB 2012
Discussing the differences between retirement income and aged care strategies, speaker Crissy DeManuele, technical manager for Strategy Steps told of the technical traps involved in this area for advisers during the Financial Standard Technical Services ...

Confusion over APRA risk disclosure guidance

MELANIE TIMBRELL  |  WEDNESDAY, 22 FEB 2012
The regulator-preferred expression of risk in product disclosure statements seems to elicit more consumer mistakes than other presentation methods, according to research from the University of Technology Sydney.