Latest News:
- Macquarie Wrap SMA adds Legg Mason funds
- SA bank levy could open the floodgates: UBS
- REST retains State Street for custody
- ASIC announces Japan fintech deal
- CommInsure flags retail distribution changes
- ASIC fines Macquarie Securities $505,000
- Active management vital for fixed income: Zenith
- Crowd-sourced funding guidance released
- Super fees tipped to fall below 50bps
- ASIC review identifies custody failings
Active managers set to benefit from volatility
High levels of market volatility coupled with low yields have created a prime environment for actively managed products, according to Natixis Global Asset Management.
Azimut takes majority stake in Sigma Funds Management
Italian asset manager Azimut has entered the local funds management space by taking a majority stake in Sigma Funds Management.
Mid-tier dealer groups announce merger
Non-institutional financial planning groups Beacon and Risk and Investment Advisers Australia (RIAA) have announced they will merge in July.
ANZ to refund $5 million for incorrect fees
ANZ will refund around 25,000 customers after it failed to correctly apply fee reductions and fee waivers, according to ASIC.
Suncorp names new CEO
Suncorp Group has appointed a new group chief executive and managing director to take the reins from current chief executive Patrick Snowball when he steps down.
Active managers being dudded on returns
Assessing the value of active management based solely on disclosed holdings may well be selling fund managers short, according to a new paper.
Outsource wealth admin, says Pharos
Smaller financial services firms should emulate the big institutional players and offshore their administrative functions, argues a new paper by Pharos Financial Group.
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