Perennial growth fund ratings unaffected
Researcher Standard & Poor’s (S&P) has announced ratings on the Perennial Growth Australian Shares funds will remain unchanged following the fund manager’s announcement that research analyst, Brendan James, has resigned.
Perennial Investment Partners had stated it expected James to remain with the firm for at least a few months to ensure an orderly handover of his responsibilities while a replacement is sought.
“We will be reviewing the funds as part of our upcoming Australian equity large-cap sector review and will meet with the team in April,” S&P stated. “We will continue to monitor developments in the meantime.”
Perennial said James resigned to pursue an opportunity outside funds management.
Recommended for you
Insignia Financial has reached a major milestone in completing the separation of MLC Wealth from NAB, having acquired the firm back in 2021.
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.