FUNDS MANAGEMENT

People & Products

ROB Coombe started last week as the head of retail at BT Financial Group. He finished it as the most senior BT executive still standing following Westpac Bank’s decision ...

Editorial

Challenger International has attributed a 24 per cent rise in year-on-year profits to an increase in sales of annuity and funds management products....

Financial planning

Independent financial advisors (IFAs) in Britain are set to snatch more than 50 per cent of the local retail funds management market by 2006, in spite of legislation to d...

Financial planning

Michael Parsons has stepped down as chief executive officer of Invesco Australia, citing personal reasons as the driving force behind his decision to leave the company....

Financial planning

Three of Australia’s most influential investment research houses - van Eyk, Assirt and Lonsdale Securities (Lonsec) - have placed a blanket hold on BT Financial Group fun...

Funds management

The Commonwealth Bank has relied heavily on its funds management business to post an 11 per cent increase in its net profit to $2.7 billion today....

Financial planning

Some of the smaller players in the funds management business are recording the most impressive growth in fund inflows, with the latest market share report from Assirt sho...

Financial planning

THE Australian Securities and Investments Commission’s (ASIC) licensing web will snare a growing number of unsuspecting professionals employed outside the realm of financ...

Financial planning

EQUITY Trustees Funds Management (EQTFM) has increased its existing range of funds with the development of three multi-sector funds; income, balanced and growth....

Editorial

Australia’s funds management community is in the midst of a dramatic slump in profits and revenue, the latest annual Investment and Financial Services Association (IFSA) ...

Financial planning

The Bendigo Bank is looking to buy up to 10 per cent of the share in IOOF holdings and will approach shareholders with an cash payment offer of $2.70 per share....

Funds management

Fund managers have thrown their support behind independent research trips with a number set to join a group of planners heading to the US and the UK later this year....

Financial planning

Research house Morningstar today released a Business and Management Strenth (BMS) rating on AXA Australia, scoring the group with a mark of three representing a place in ...

Financial planning

IWL chief executive officer Otto Buttula is unable to deny reports out today that IWL is finalising a deal with share market information system provider IRESS Market Tech...

Financial planning

Australian Unity acting managing director Murray Campbell has confirmed a new group managing director is due to be appointed in the next few days, following on from the a...

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

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gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

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The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court....

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A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million....

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The Financial Advice Association Australia has addressed “pretty disturbing” instances where its financial adviser members have allegedly experienced “bullying” by produc...

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