Club Plus, the $1.4 billion industry fund, will make a big increase in the frequency of crediting rates it provides for its 150,000 members.
IFSA transformation ‘not a membership drive’
The Financial Services Council (FSC), formerly IFSA, said it consulted other industry associations before expanding its mandate last week to engage more actively on economic policy, and that the move was not a grab for more members.
IE Group’s bright spot in collapse of backer Sonray
IE Group, the boutique cash manager, will need to find a new 25 per cent owner after Sonray Capital entered administration last week, however it claims the broker’s collapse has proved its operating model protects investors’ assets.
Statewide looks to backoffice for currency overlay
The $2 billion Statewide Superannuation fund has appointed its custodian to run a currency overlay across its offshore assets. Frontier appoints two analysts, looks for more
Frontier Investment Consulting has appointed two analysts to meet growth in clients’ needs, and is seeking to appoint two more analysts. Colonial’s Storm fall guy finds Wellington harbour
The former head of investment lending at Colonial Geared Investments, understood to have been let go by Commonwealth Bank as its involvement with Storm Financial unravelled, has been made head of retail distribution at Wellington Management Company.
Ibbotson set to farewell BOC, but retains REI Super
The implemented consulting arm of Ibbotson Associates in Australia is understood to have lost a super fund clients to a rival provider, however not two as was implied by an earlier version of this story.
JANA hires Access departee as direct investments consultant
JANA Investment Advisers has increased its team of consultants covering alternative assets to 16, following the hire of a direct investments specialist from Access Capital Advisers.
IFSA transformation 'not a membership drive'
The Financial Services Council (FSC), formerly IFSA, said it consulted other industry associations before expanding its mandate last week to engage more actively on economic policy, and that the move was not a grab for more members.
IE Group's bright spot in collapse of backer Sonray
IE Group, the boutique cash manager, will need to find a new 25 per cent owner after Sonray Capital entered administration last week, however it claims the broker’s collapse has proved its operating model protects investors’ assets.
Colonial's Storm fall guy finds Wellington harbour
The former head of investment lending at Colonial Geared Investments, understood to have been let go by Commonwealth Bank as its involvement with Storm Financial unravelled, has been made head of retail distribution at Wellington Management Company.
Leggo flies high to Telstra Super
David Leggo, the former long-standing chair of the Australian Government’s AvSuper, is to be the new independent chair of Telstra Super.
