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.
STRIPES | Global Pinnacles
Ord Minnett launches a new product providing retail investors with exposure to some of the world’s largest stock markets.
Better built, better backed – AMP helps sell cars in super outsourcing deal
Mitsubishi Motors is outsourcing its $200 million in super to AMP’s Signature master fund, with AMP providing a sweetener to the deal to help the car maker sell its new 380 range of Magna-replacement vehicles.
Target-date funds overtake traditional balanced options in US
About 50 per cent of new funds flows into ‘lifestyle funds’ in the US – which are the equivalent of the default investment options in Australian super funds – have gone into new ‘target-date funds’ in the past few years, according to research by Lipper Associates.
More planning groups to take up Aviva equity offer
Aviva is in talks with several financial planning dealerships with a view to taking an equity stake, a company spokesperson said yesterday.
