The superannuation and investment industry is overly concerned with peer group risk and surveys and should consider rethinking its approach to how it compiles performance results, according to David Neal, head of consulting at Watson Wyatt.
James Fielding to tackle super funds with wholesale attitude
James Fielding Funds Management, the funds management arm of Mirvac Group, will launch at least one direct property fund this year targeting the wholesale industry following the appointment of Grant Hodgetts to the newly-created position of head of wholesale funds.
A change is better than a rest: how a Tamworth planner revitalised his business
Last week David Hinwood signed up with the new BT dealer group Magnitude – the first adviser to join. He explains the reasons for the move and why his passion for the business has been re-ignited.
Market outlook all about sustainability of economic growth
Relatively benign market conditions face investors this year, with continued strength for commodity prices, corporate earnings and economic activity – particularly in developing countries – underpinning a suggested tilt towards growth stocks.
UBS Global Select Shares Fund
UBS Global Asset Magagement is set to launch a new international equity fund for the retail and wholesale markets.
Barnes under fire at AWM as shares controversy escalates
The Australian Shareholders Association (ASA) has weighed into the controversy surrounding shares in Australian Wealth Management (AWM) and the company’s managing director, Andrew Barnes, in the run-up to its proposed merger with Select Managed Funds.
Morningstar reports enhanced performance for markets in 2005
Australian equities are well and truly back in favour with the S&P/ASX300 Accumulation Index outperforming every other asset class for the year to December 2005, according to the Morningstar performance survey.
Private equity ventures into mainstream
Private equity investing has lost its ‘alternative’ tag and gone mainstream, according to a new report on the sector released today by Swiss-based fund-of-fund provider Adveq.
…while Labor to grill regulator in Senate
Labor will be launching an intensive attack on the Australian Securities and Investments Commission (ASIC) next week over what Senator Nick Sherry described as its failure to adequately regulate the financial services industry.
Fees good, commissions bad: ASIC rules…
The Australian Securities and Investments Commission (ASIC) signaled commission-based advice could soon face further regulation in a statement released last Friday praising the efforts of several institutions to introduce fee-for-service financial planning.
Cuffe gone in Challenger executive purge
Rob Adams will return to his role as Challenger Wealth Management’s chief executive following the sudden resignation yesterday of Chris Cuffe.
Magnitude signs up first practice with QUBE
BT’s new dealer group Magnitude has signed up its first practice partner – Tamworth-based QUBE Financial Planning – and is using Coin as its front-end desktop system.
