Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Superannuation

Thirty dealer groups up for $300m in Westpoint recovery

Of the 75 to 100 financial advisers implicated in the Westpoint saga, class actions to recover $300 million are likely to centre on as few as 30 adviser groups, according to class action firm Slater & Gordon.

RBC Dexia scores FOHF mandate

RBC Dexia Investor Services has been awarded the right to manage the new fund of hedge funds business for PKB Privatbank AG of Switzerland.

IFSA/Deloitte launch Future Leaders Award

Wealth management peak body IFSA and accounting giant Deloitte have banded together to launch the inaugural Future Leaders Award, in hopes of discovering fresh talent who will help address the financial services industry's burning issues.

SG is a tax: Tax Inquiry

The just-announced tax inquiry may lead to the unthinkable - an attack on the 9 per cent Super Guarantee (SG).

FuturePlus secures $2.2bn SERF and SRF mandate

FuturePlus Financial Services (FPFS) has secured the right to manage $2.2 billion for the Stevedoring Employees Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF).

Australian consumption spending now top 5 in the region

Visa Australia says Australian consumption expenditure will top $1.4 trillion this year, following last year's level of $1.3 trillion.

Challenger wealth management FUM up 73 per cent

Challenger Financial Services has posted a solid half year result with after-tax profits up 29 per cent to $72 million during the period. What's more, the wealth management arm enjoyed a 73 per cent rise in FUM for the full year.

Macquarie property fund touts JV in the OC

Macquarie Office Trust (MOF), a listed property fund of Macquarie Bank, has touted a new joint venture with Californian property group, Maguire Properties, that they say will drive future growth from California.

CSA rejects compulsory governance reporting

Chartered Securities Australia (CSA) has rejected the proposed government move to standardise corporate social responsibility (CSR) reporting and/or to make it compulsory, because both solutions would merely reduce CSR to a box-ticking exercise.

Perennial launches into local and global property

Perennial Real Estate Investments (PREI) has announced the launch of two property trusts as well as a research partnership with global real estate advisory firm DTZ.