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.
Paragem expands with Melbourne office
Sydney-based dealer services company Paragem Partners has opened a Melbourne office, following increasing demand from Victorian planning practices.
Super shadow to fall on planners next week
The release of the results of a ‘shadow shop’ survey of superannuation advice has been delayed until next week due to “logistical reasons”, according to a spokesperson for the Australian Securities and Investments Commission (ASIC).
Westpoint $5 million dollar fee claim rejected
Allegations made in The West Australian newspaper last weekend of a $5 million fee paid by Westpoint to consultants Tom Collins and Sarah Brennan have been strongly contested by Collins.
Bloch switches codes to head the FPA
Former deputy head of IFSA, Jo-Anne Bloch, has been named as the new chief of the FPA, replacing Kerrie Kelly who left the organisation two weeks ago, six months short of completing her three-year contract.
Platforms to get the chop as Asteron gets Carter
Promina-owned financial services group Asteron will review its list of approved platforms, following the recent appointment of David Carter to the position of head of dealerships.
Bundled products get the nod from NAB
The National Australia Bank and its wealth management arm MLC have rolled out the first of a number of bundled products, expected to include a reverse mortgage, scheduled for this year.
Hedge funds a hit as Australia leads region
Australia’s hedge fund industry is now the largest in Asia, according to AXISS Australia’s just-released Hedge Fund report, with a market size of US$27 billion. Between June 2003 and June 2005 43 new hedge fund products were launched in Australia, compared to 48 in Hong Kong, 30 in Singapore and 28 in Japan.
Branching out: why Lyn Hughes left the security of a bank for independent practice
Gold Coast planner Lyn Hughes explains how her move out of the institutional world has enabled her to create the financial planning practice of her dreams.
