Australian Unity confirms timings for Office Property Fund listing

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Australian Unity has issued a timetable for its plans to list the Australian Unity Office Property Fund on the Australian Securities Exchange (ASX), with the proposal to be voted on by existing unitholders on 17 June 2016. This follows a successful institutional marketing campaign and strong investor feedback on the proposed initial public offer (IPO). […]

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Demand for accounting and planning practices is still high…but new trends emerging says Tynan

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Connect Financial Service Brokers (Connect) CEO Paul Tynan has observed that nationally here are still more buyers than sellers for accounting and financial planning businesses – a trend that has been consistent for the past five years. “Within the financial planning sector the overabundance of buyers for planning businesses is due to the structure of […]

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Federation Alliance adds superannuation to its platform lineup

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Federation Alliance has announced the launch of Federation Super, joining Federation Managed Accounts on the company’s platform offering. Federation Alliance brings together the long-standing experience of the Federation Alliance key principals and Australian Unity. Alan Kenny, CEO of Federation Alliance, said the addition of Federation Super means the Federation platform offers a complete administration package for […]

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Australian banks back in favour at PM CAPITAL

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PM CAPITAL’s Australian equities portfolio manager believes the market is under-estimating the forward strength of the Australian banks and is a buyer/holder at current levels. “Whilst we were avoiding buying the big four when Westpac and NAB were nudging $40 at the end of FY15 we now believe many market commentators are under-estimating the sustainability […]

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Neuberger Berman expands institutional relationship team

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Neuberger Berman Australia has appointed Maxine Kraut as vice president – institutional business. Based in Melbourne, Ms Kraut will join the Neuberger Berman team working with Australian institutional clients.Ms Kraut has over 10 years of experience working with institutional investors. She was most recently with Invesco Australia for seven years where she represented Invesco’s institutional […]

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MetLife Australia bolsters innovation and sales teams with new hires

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MetLife Insurance, the Australian arm of one of the world’s largest insurers, has strengthened its innovation and sales teams with two new senior hires. Brenton Charnley has been appointed as MetLife’s Senior Manager, Innovation and will be responsible for embedding the innovation process within the organisation and driving continued improvement of MetLife’s customer experience journey. […]

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First State Super wins StatePlus bid

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In a landmark event, First State Super has successfully reached a binding settlement with State Super to acquire StatePlus. When the transaction completes in June 2016, First State Super will create the largest member-owned financial planning network in Australia. First State Super CEO Michael Dwyer AM explains: ‘We’re investing to provide our members with an […]

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Triple a super partners with Ignition Wealth to provide online advice for SMSFs

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Leading SMSF administrator Triple A Super will provide SMSF administration services through automated advice provider Ignition Wealth. “The rapid adoption of technology in financial services is driving the trend towards a full service, one stop shop solution for advisers with SMSF clients.” Brian Pedretti, CEO, Triple A Super. Triple A Super’s newly launched Preset administration […]

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Low cash rate drives high demand for alternative investable asset class

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Specialist fixed income asset manager, Global Credit Investments (GCI) says Australian retail investor portfolios weighted heavily towards cash and domestic equities have foregone significant, stable income benefits of alternative, prime-grade consumer credit markets. “The continuation of poor yields from historically low global cash rates and volatile listed company dividends has applied ongoing pressure on Australian […]

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AXA IM Global Equity SmartBeta ESG Fund achieves RIAA Certification

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AXA Investment Managers (AXA IM) has announced it has received responsible investment certification by the Responsible Investment Association Australasia (RIAA) for its fully integrated ESG (environmental, social and governance) SmartBeta equity pooled fund – AXA IM ACWI SmartBeta Equity Fund (the Fund). The Fund is designed to give Australian long term investors a more efficient way […]

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