With the latest APRA estimate of super funds to survive post July 1 dropping to 320, the ramifications of the structural changes occurring in the industry are starting to bite. And what better place to discuss this than at the CMSF conference on the Gold Coast last week?
Fincorp Diversified Property Fund
Fincorp launches a diversified property fund, with high quality anchor tenants, for wholesale & retail investors.
No letters in AMP’s offer to help Mitsubishi sell cars
AMP will not be writing to all members of its Signature master trust as part of a supporting promotion for Mitsubishi cars, following the outsourcing of the Mitsubishi Motors super funds. The promotional support being offered by AMP, an unusual value-add to enhance the deal, is likely to be more passive in nature.
ING on the hustings again for expanding private equity operation
ING Investment Management has opened its third private equity fund to new investments from institutional investors – looking to raise between $150 million and $200 million for its fund of private equity funds operation.
Labor paper on super canvasses simpler system
The Federal Labor Party published a ‘discussion paper’ on superannuation yesterday, which canvassed a variety of changes to the super system including simplification of regulations and tougher controls.
ASIC refuses relief for disclosure dodgers
ASIC has reinforced its tough stance on dollar disclosure rules for financial planners in a decision released yesterday where it refused relief to an Australian Financial Services (AFS) licensee.
Expenses spared as APRA admits super data deficiencies
The Australian Prudential Regulation Authority (APRA) has decided to indefinitely remove expense ratios from its published superannuation statistics because the quality of data collected from funds has been so poor.
Queensland’s local government fund chief the latest to call it a day
Peter Smith, the longstanding chief executive of the Local Government Superannuation Scheme of Queensland, is the latest in a spate of senior resignations from big super funds which could signal a generational change in the industry.
The new age of advice: how a WA planner found independence
Imagine putting $10 million in the hands of an adviser you have never seen. Well some people do, and the man they trust is Perth-based Travis Morien.
Undoing the growth/defensive straight-jacket: how risk assessment is changing asset allocation
The proliferation of new types of investments has meant that traditional asset allocation by institutional investors has become so complex that some assets are difficult to classify as either ‘growth’ or ‘defensive’ in nature.
STRIPES | Global Pinnacles
Ord Minnett launches a new product providing retail investors with exposure to some of the world’s largest stock markets.
No letters in AMP’s offer to help Mitsubishi sell cars
AMP will not be writing to all members of its Signature master trust as part of a supporting promotion for Mitsubishi cars, following the outsourcing of the Mitsubishi Motors super funds. The promotional support being offered by AMP, an unusual value-add to enhance the deal, is likely to be more passive in nature.
