After a 39-day investigation the Australian Competition and Consumer Commission (ACCC) has cleared the $48 million sale of IWL’s financial planning software business, Visiplan, to rival firm IRESS.
FNZ tipped as Axa UK wrap provider
The New Zealand-created wrap that landed a £35.5 million contract to supply the technology for the Standard Life platform in the UK two years ago is understood to have signed Axa as its next major client.
Conexus Financial, come on down
Conexus Financial, the publisher of Investment & Technology Magazine and I&T News, has had a slight change of address.
CMSF plenaries now on-line
The plenary sessions from March’s Conference of Major Superannuation Funds (CMSF) are now available in digital video form on the web.
BT head of operations resigns…
BT Financial Group (BTFG) is searching for a new head of operations following the resignation of Michael Garrett last week.
…while Aon financial planning picks one up
The financial planning arm of diversified financial services provider Aon Australia has recruited a new head of operations.
Weight of money and new asset allocation mean caution, FEAL told
The weight of money in the markets generally as well as structural changes in the way super funds are approaching their asset allocation are combining to ring warning bells, the first of the Fund Executives Association Ltd June briefings was told yesterday.
Ausbil fills analyst gap
Ausbil Dexia has hired a new financial sector analyst replacing Vilhair Ross, who left the firm in April to join the Packer-backed outfit Magellan Financial Group.
Andrew Spence finds his fundie job
Andrew Spence, former principal and senior consultant at Watson Wyatt, has fulfilled his desire to return to funds management.
David Neal to be Future Fund chief investment officer
David Neal, the head of Watson Wyatt’s investment consulting practice, will become chief investment officer of the Future Fund on July 16.
BT profit-share scheme lures ABP executive
BT Financial Group’s attraction of a senior investor from Europe’s largest pension fund shows an imminent profit-sharing structure is already beginning to work, according to general manager Dirk Morris.
Lloyd George loses key consultant support
Emerging markets manager Lloyd George looks set to lose most of its roughly $500 million under management in Australia, after its most supportive consultant recommended clients reassign mandates in the wake of three key staff departures.
