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.
BT loses Peck
Geoff Peck, head of BT’s corporate superannuation Super Solutions, is leaving the company to spend more time with his family.
SS&C commits to Australia
FMC will formally be known by its acquirer’s name SS&C Technologies Australia by the end of this month and will consider further acquisitions in the Australian market according to Kevin Milne, SS&C senior vice president international.
Open door policy: advice in small city
Ian Walter has spent the last decade in the tropical heat of Cairns building an advice business around the demands of a close-knit community. He explains how financial planning works in a regional centre.
The top 10 issues facing institutional investors
Greater demand for asset consultants, increased wholesale fees and the demise of traditional fixed interest mandates are some of the surprises among a list of the ‘top 10 issues for institutional investors’ compiled by Michael Block, the general manager of Workcover NSW’s investment division.
Portfolio Partners – Long/Short Sustainability Trust
Portfolio Partners launches a sustainable Australian equity fund for the wholesale market.
SS&C commits to Australia
FMC will formally be known by its acquirer’s name SS&C Technologies Australia by the end of this month and will consider further acquisitions in the Australian market according to Kevin Milne, SS&C senior vice president international.
Intech to launch HOT fund for Aussie equities managers
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.
