Five Australian superannuation funds supplied one quarter of the $US865 million raised by Macquarie Global Property Advisors for its ongoing foray into the Japanese real estate market.
NAB looks at new outsourcing deal for unit pricing
NAB Custdodian Services is reviewing its unit pricing software system and is talking to several external providers, according to executive director John Treloar.
Xplan hunts new prey in South Africa
Xplan has identified a range of opportunities for expansion in South Africa following its takeover earlier this year of insurance software firm PlanTech, according to general manager, Andrew Walsh.
HFA to change custodian and registrar
HFA Asset Management is in final negotiations with National Custodian Services (NCS) for a fund administration and unit registry contract, replacing the incumbent combination of ANZ Custodian Services and Link Market Services.
Cash for ‘tash: MOvember may raise record $100,000
MOvember, the annual charitable event which has captured the hearts, minds and faces of the financial services industry this month, finishes with shaving celebrations in Sydney and Melbourne this week.
Steady as she goes for Navigator fees
The Aviva-owned platform Navigator would not be following the lead of rivals BT and Asgard by dramatically increasing its access fees, according to Tim Cobb, Aviva’s newly-appointed head of marketing and public relations.
IFSA to provide more statistics on fees and commissions
The Investment and Financial Services Association (IFSA) is working with APRA to make more statistics available on the fees and commissions its members offer financial planners for the products they sell.
Asplin exits Challenger, Gaden promoted
Challenger Financial Services’ head of distribution, David Asplin, has abruptly left the firm.
Westscheme backs only itself in buy-outs
The $2.1 billion Westscheme multi-industry fund has acted on concerns around a ‘bubble’ in domestic private equity, avoiding later-stage deals unless it can invest directly.
Weaven faces down planners at FPA conference
In the closing session of the Financial Planning Association’s annual conference last week Garry Weaven, Industry Funds Management chair, called on delegates to ‘get real’ and admit that the real reason industry funds don’t make it onto dealer group approved product lists is because they don’t charge commissions.
MLC applies fee-for-service to super
MLC announced yesterday it will launch a fee-for-service superannuation platform with revised administration fees — its second fee-for-service product release this year.
Australian super funds back Macquarie Group’s Japanese land-grab
Five Australian superannuation funds supplied one quarter of the $US865 million raised by Macquarie Global Property Advisors for its ongoing foray into the Japanese real estate market.
