Corporate bribery and corruption has rarely come to light in Australia – maybe the occasional collusion finds its way before the ACCC – but with the AWB scandal all that has changed. A report released last week shows that Australian listed companies are not well equipped to deal with the potential problem.
How the ‘human factor’ detracts from investment returns
The ‘human factor’ in investing is being increasingly recognised as both an opportunity and threat to performance. This was a theme of last week’s van Eyk Research annual conference and, yesterday, MLC Implemented Consulting added its weight to the discussion in its latest client newsletter.
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Bluedoor Technologies launch a browser-based admin registry system designed to streamline business operations
Ord Minnett Enhanced Income Fund
Ord Minnett offers retail and wholesale investors access to a portfolio of wholesale income funds.
BT keen on AQR for up to $4b in global equities
BT Financial Group is expected to appoint a small but highly regarded US quant manager, AQR Capital, as its main global fund manager, giving the firm an effective entry to the Australian retail market with a mandate of up to $4 billion.
Lost and found: $750 million, could belong to AMP
AMP could add up to $750 million to its super fund business if all of the 300,000 clients it has contacted accept its offer to consolidate lost super accounts into an AMP product.
Listed infrastructure needs tougher rules, Tagliaferro says
Anton Tagliaferro, director of Investors Mutual, has raised concerns about the regulation of listed infrastructure funds calling for changes to the disclosure and accounting requirements for the stapled securities, which are usually a feature of such products.
Etrade to be top client for Praemium
Etrade will become one of Praemium’s biggest clients following the roll-out of a new portfolio administration service for financial intermediaries which began last week, according to Arthur Naoumidis, Praemium chief.
FPA expects minor fallout from new conflicts policy
The bulk of the Financial Planning Association (FPA) members are supportive of its new conflict of interest rules but some fall-out will be inevitable, according to John Anning, FPA head of public policy.
Multi-manager a multi-million dollar hit for Navigator
Navigator’s fund-of-funds products have garnered $750 million in the year or so since their launch, according to Rob Donaghy, Navigator’s Group Director Products
BOLR over as MLC takes principled approach
MLC Advice Solutions is reviewing its buyer of last resort (BOLR) program following last week’s release of the FPA’s Principles for Managing Conflicts of Interest.
Gamble paid off but Virgin still eyeing up financial services
Virgin Money plans to launch more financial services products in addition to its new Home Loan in the wake of the departure of former chief executive, Rohan Gamble.
