Nikko Asset Management’s CEO to retire

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Nikko Asset Management Co, Ltd (Nikko AM) today announced that Timothy F McCarthy, Chairman and CEO of Nikko Asset Management, has decided to retire at the end of this fiscal... Read more continue reading

Vale Peter Moyle

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Vale Peter Moyle, respected member of the financial planning community. “It gives me great sadness to let you know that our good friend and long-term member of the AFA, Peter... Read more continue reading

FoFA: It’s make or break time says AFA

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The Association of Financial Advisers (AFA) has sent a letter outlining its five major concerns relating to the proposed Future of Financial Advice (FOFA) legislation to the Independents, relevant frontbenchers... Read more continue reading

Wealthtrac sets scene for expansion in 2012

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Independent superannuation and investment platform provider, Wealthtrac today signalled plans to expand and diversify its product offering in the coming year.  Wealthtrac Managing Director and CEO, Matthew Johnson, said Wealthtrac... Read more continue reading

FOFA penalises advisers who act in the client’s best interests

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Draft Future of Financial Advice (FOFA) regulations designed to curb a non-existent churning culture will penalise advisers who act in the client’s best interests, according to Synchron. “On the one... Read more continue reading

Oliver’s Insights – Australian profits and the Australian share market

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There was plenty of nervousness going into the February profit reporting season in Australia. And for good reason. Domestic demand has been weak, the strong $A is bearing down on... Read more continue reading

ASX: February ETF report

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ETF trading acivity increased during the month by 10.8% whilst ETC trading activity decreased 8.7% as compared to the corresponding period in 2011. No new ETFs were quoted. With the... Read more continue reading

Macquarie International Infrastructure Securities Fund rating unaffected by team departure

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Standard & Poor’s Fund Services today announced that there is no change to the four-star rating on the Macquarie International Infrastructure Securities Fund. This follows the announcement that Justin Lannen,... Read more continue reading

Parliamentary Joint Committee’s report on FoFA reforms

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Responding to the Parliamentary Joint Committee’s report on the Future of Financial Advice (FoFA) reforms, the Financial Services Council said it was disappointed at the Committee’s unwillingness to accept industry... Read more continue reading

Scholarship supports more than 70 students

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The academic dreams of 71 students have become a reality, thanks to one of Australia’s largest scholarship programs. A further 14 students will start their second year of higher education... Read more continue reading