New Zealand took a step closer to compulsory superannuation last week with a budget measure that is expected to significantly improve take-up of the country’s impending workplace savings scheme KiwiSaver.
AIRA seminar to probe electronic future
The Parliamentary Secretary to the Treasurer, Chris Pearce, will discuss proposed amendments to the corporations act at a Melbourne seminar hosted by the Australasian Investor Relations Association on June 1.
Russell loses another senior BDM
Russell Investment Group has lost another senior business development manager, hot on the heels of James Panaretos leaving last month to head institutional sales at Mariner Financial Services.
ING manager research team gets own ASIC licence
The ING Advice manager research team lead by Margaret Callinan is being spun off into a separately-licenced company, Financial Facts, which will attempt to sell its services to non-ING dealer groups.
Simon Shields to replace Paul Fiani at UBS
The head of Australian equities at Colonial First State Global Asset Management (CFS GAM), Simon Shields, will leave the manager once his contract expires on June 30, 2007, and replace Paul Fiani in the equivalent spot at UBS Global Asset Management from July 1.
HFA recruits new analysts as Lighthouse acquistion proceeds
HFA Asset Management has hired two new investment analysts while its takeover of an American funds of hedge funds manager, Lighthouse Partners (LP), gathers momentum.
FPA steps up to charity plate
The Financial Planning Association (FPA) is taking part in establishing a charitable foundation aiming to assist people in fiscal hardship.
State Street veteran exits to Macquarie
The former deputy general manager of the Sydney arm of State Street Global Markets (SSGM) has resurfaced in an executive position within the Macquarie Bank equity markets group.
Pentafin appoints Gail Burke to board
Gail Burke, former managing director for BNP Paribas Securities Services, has taken up her first directorship upon her return to Australia, becoming the new chair of financial services systems provider Pentafin.
Service promises less taxing time for platforms, custodians
The time it takes Australian managed funds to issue their end-of-year tax statements fell slightly in 2005/06, with only 6 per cent of the 638 funds on the Ausmaq hub taking longer than eight weeks, down from 14 per cent the year before.
New Allco m.d. makes serious move on institutional market
Allco Finance Group will today signal its intentions to expand in institutional funds management when new managing director, David Clarke, backgrounds investors on an upcoming wholesale alternative fund.
Quasi-compulsion to open KiwiSaver floodgates
New Zealand took a step closer to compulsory superannuation last week with a budget measure that is expected to significantly improve take-up of the country’s impending workplace savings scheme KiwiSaver.
