Skandia’s Australian operation is on track to achieving a cash-flow positive or break-even result in 2006 despite recording a $6.5 million pre-tax loss in 2005, according to the group’s Australian CEO, Ross Laidlaw.
Gold diggers shafting Aussie miners, ASIC warns
Residents in the booming mining districts of Australia are being targeted by investment fraudsters, according to the Australian Securities and Investments Commission (ASIC).
Pentafin scores ING back-office contract
ING has signed up Sydney-based investment technology firm Pentafin to provide unit registry and other administrative services for its wholesale funds.
IFM to raise $1 billion for infrastructure funds
Industry Funds Management hopes to raise over $1 billion for its infrastructure funds by mid this year.
Planning partnerships: why PPS asked ipac for a ride up to the next level
Since its takeover by Axa almost three years ago the legendary financial services firm ipac has steadily brought on more financial planning partners. The Adelaide-based Portfolio Planning Solutions is ipac’s newest recruit.
The influence of managed funds ratings firms: is it warranted?
Retail research houses, which deliver ratings on funds management products, have a strong influence on investment flows. That is no surprise, but is it warranted?
Macquarie Global Private Equity Securities Fund
Macquarie offers retail and wholesale investors access to a portfolio of world-wide, listed private equity funds.
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.
Skandia takes $6.5 million loss on the chin
Skandia’s Australian operation is on track to achieving a cash-flow positive or break-even result in 2006 despite recording a $6.5 million pre-tax loss in 2005, according to the group’s Australian CEO, Ross Laidlaw.
Gold diggers shafting Aussie miners, ASIC warns
Residents in the booming mining districts of Australia are being targeted by investment fraudsters, according to the Australian Securities and Investments Commission (ASIC).
