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Superannuation

Trust passes managed accounts control to Next

Trust Company of Australia (Trust) is set to appoint a manager and administrator for its managed account (MA) product.

New AFA chief eyes under-insurance and business succession

After a six-month long search, the Association of Financial Advisers (AFA) has appointed a new CEO, Richard Klipin, who hopes to increase the group's membership by addressing key issues, including the nation's chronic under-insurance and business succession ...

DeAM appoint to boost alternative investments sales

Deutsche Asset Management (DeAM) has appointed a new head of alternative investments distribution, selling products including hedge funds and private equity products.

Private equity and M&A market activity to stay strong in 2006: Gresham

Private equity market activity is expected to continue during 2006 with a range of players preparing for new capital raisings or launching services to cater for the growing interest in the sector.

Foreign banks lag locals, but for how long?

WWW.THESHEET.COM  |  FRIDAY, 27 JAN 2006
Despite deregulation of the banking system and foreign banks moving into Australia, local banks still have a mortgage over the banking industry.

ASIC too soft on AFSL applicants: Aud Gen

ASIC has issued Financial Services Licenses (FSLs) in a rush and without properly inspecting applications from a number of financial planners, dealers and insurance brokers, according to a new Auditor-General report.

India is 30 per cent overvalued: Citigroup

The Indian market is suffering from too much of a good thing with huge foreign flow of funds into the country making it too expensive to invest in their equities, according to Citigroup.

Fund flows up across most areas: AXA

AXA Asia Pacific Holdings revealed positive fund flows and new business results for the year ended 31 December 2005. Most areas were significantly up on 2004.

ING and Optimix granted RSE licences

ING Australia has been granted Registrable Superannuation Entity (RSE) licences from APRA for its trustee companies, ING Custodians and Optimix Investment Management.

Asgard puts cash first with eCASH and Cash Connect

In a move that cements Asgard Wealth Solution's role as a trendsetter in the platform sector, the group has announced the launch of two cash products designed to help financial planners better manage the cash component of their client's accounts.