Skandia’s former CEO, Lars-Eric Petersson, was sentenced to a two-year jail term by a Swedish court last week for fiddling the company’s executive bonus scheme.
Research to feature at CMSF
Hood Sweeney Securities has found a way to dispense with the services of master funds and wraps by creating its own administration system using Xplan. Partner, Matthew Rowe, explains why in-house admin is easy.
Currency hedging now a risk – Intech report
While Australian investors have benefited from currency hedging over the past five years, this cannot continue indefinitely. Now may be a good time to reduce currency hedging over international shares, according to a report by Intech Investment Consultants.
Parker’s move to MLC makes it three strikes at Legg Mason
Legg Mason has suffered its third resignation in as many weeks, following the recruitment of economist Brian Parker by MLC.
Boutique knocks back multi-million dollar takeover
Independently-owned adviser business and dealer group, Fitzpatricks, has rejected a rumoured multi-million dollar offer from a top-five ranked institution and instead has set in motion aggressive expansion plans.
Aon identifies six favoured insurers
Aon Financial Planning has named Asteron, Aviva, Axa, CommInsure, ING and Tower as its preferred life companies.
Westpoint investigation broadens to research house and distributors
Reference to a positive research report will not be enough to get planners off the hook for recommending Westpoint products, Jeffrey Lucy, ASIC director told the Senate earlier this month.
Industry super slow in reporting fees
The superannuation industry is dragging its heels on reporting fee data to APRA, according to recent testimony given to a Senate committee.
Costs up but where’s the benefit, IFSA asks
Increasing volumes of regulation and compliance has come at a great cost to the financial services industry and consumers, according to new research released by the Investment and Financial Services Association (IFSA).
Global LPTs targeted by new wholesale funds
Listed property specialist Cohen & Steers has launched two new global listed property trusts, seeded internally with $3 million.
… as it hunts for fresh ideas.
Young professionals in the wealth management industry have been invited to enter the new IFSA/Deloitte Future Leaders Award.
How to reduce complaints about super
Graham McDonald, the chairman of the Superannuation Complaints Tribunal, will address the next Australian Institute of Superannuation Trustees lunch to be held in Melbourne on March 30 on the subject of reducing complaints, which in total number more than 1,000 a year.
