Russell Investment Group believes international property will continue to grow as an asset class and has appointed a head of property, Asia Pacific, to look at strategies including the possible launch of an unlisted global opportunistic real estate fund next year.
BGI and Macquarie win funds flow battle
Barclays Global Investors dominated wholesale new fund business and the Macquarie group dominated retail new business over the past year, according to the preliminary S&P Market Share Report for the September quarter.
Mason joins elite list of worldwide partners at Mercer
Russell Mason, a principal in the Mercer Human Resources Consulting Sydney office, has been appointed a worldwide partner of the firm.
Westscheme fund to use Resnik software
The $1.5 billion Westscheme super fund has signed a deal to licence financial planning and projection software by Customer Acquisition and Retention Management (CARM).
Credit unions back Bridges partnership plan
Australian Wealth Management (AWM) has cemented its relationship with the Credit Union Services Corporation of Australia (CUSCAL) with all but two existing credit unions signing AWM’s new referral incentive agreements.
Tower to price check supermarket insurance sales
Tower could soon distribute its life and risk insurance products through supermarket chains and mortgage brokers in a bid to effectively reach middle Australia.
Industry fund targets DIY market with low-cost option
The $7 billion construction and building industry super fund Cbus will launch a new investment and insurance product for its members with account balances over $50,000 this week.
Now it’s Vision Super and CARE in mega-merger talks
Vision Super and CARE Super are understood to be discussing a merger which will, if it goes ahead, create a fund with close to $4.5 billion in funds under management.
More ASIC attention not to dampen Westpoint expansion
Perth-based Westpoint Funds Management is currently in discussions with a financial services group regarding a distribution joint venture despite another action taken by ASIC last week which will require the group to totally rewrite the PDS for its flagship income fund.
True course: how to plot for success
At the relatively young age of 33 Jason Hedlund has steadily grown his business to the stage that is now the largest practice in the Aon financial planning group. Success has come, he says, by starting early, charting a direction and keeping a straight course.
Boutique-envy transforms large fund manager models
Big funds management firms are adapting their business models to accommodate some of the characteristics of boutiques – the latest being the appointment of analysts to manage individual portfolios or portions of a fund.
SuperRatings’ Smart
SuperRatings is set to launch its interactive online database of superannuation and industry fund information.
