With the US Federal Reserve considered likely to nudge interest rates up again, global bond manager PIMCO has said that it would be better off widening the range in which it tries to manage cyclical inflation to have greater flexibility in handling secular, or long-term, inflation.
Planner software market set for upheaval ahead
The financial planning software market, after a long period of stability, appears to be headed for some upheaval, in both ownership and avenues for distribution.
Acadian Australian Equity Long Short Fund
2 new Australian equity products are launched into the Australian market as a result of the joint venture between Colonial First State & US based Acadian Asset Management.
Acadian Australian Equity Fund
2 new Australian equity products are launched into the Australian market as a result of the joint venture between Colonial First State & US based Acadian Asset Management.
NAB the first casualty in STA/ARF merger plan
The first of many service provider agreements by the giant STA/ARF industry funds post their merger mid-year is expected to be announced this week, with JP Morgan winning the custody contract ahead of National Custodian Services.
CMSF record prompts waiting list for new delegates
The Conference of Major Superannuation Funds (CMSF), to be held at the Gold Coast April 10-12, has advised that it has closed to new registrations, following a record number of planned delegates.
Westpoint reverses downward trend in FICS complaints
Complaints against financial planners have surged in the wake of the Westpoint scandal, according to Alison Maynard, head of the Financial Industry Complaints Service (FICS).
Fraud on fraud: UK promoter digs up Wattle to scam Aussies
An email claiming to have recovered $64 million of the almost $200 million lost in the fraudulent Wattle scheme has been labelled as “particularly repellent” by ASIC.
Lucy puts shadow shopping in positive light
Jeffrey Lucy, ASIC chief, has defended the regulator’s ‘shadow shopper’ surveys as one of the most effective ways of creating “a positive momentum for industry improvement”
Questus considers action after FPA attack
The Questus group in Western Australia is understood to be considering legal action after it was revealed last week the state chapter of the Financial Planning Association (FPA) warned its members against investing in one of its schemes.
Perpetual Aussie share fund to fly foreign flags
Perpetual Investments has altered the investment guidelines of its flagship Australian shares fund to allow the fund to be up to 20 per cent in international equities.
Staying together: how to maintain long-term relationships
John Short, a 20-year veteran in the banking and financial services industry, now heads up Ord Minnett Financial Planning (OMFP) in Victoria. Short explains the OMFP strategy for dealing with high net worth clients.
