1 October 2008 00:00
The report found many funds managers outside the EU have not yet registered under the UCITS regime. The most common reasons fund manager cite for not registering included:
• Lack of familiarity with UCITS.
• Deliberate focus on their domes tic markets, which are perceived as more profitable.
• Difficultly in finding alliance partners.
• Perception of onerous regulation both inside and outside Europe.
• Difficulty making contacts in diverse linguistic and cultural settings.
Payday super changes have been touted as addressing the issue of unpaid super and as putting members’ contributions to work sooner, earning them more in the long run. But the member benefits will only become real if every link in the chain between the employer and the member’s account works as it must, and there’s still a few yet to be joined up.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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