Praemium takes control of Powerwrap

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Leading global platform Praemium has successfully taken control of Powerwrap following its off-market take-over. Payment of the 94% in acceptances received during the take-over was completed on 2 October 2020.... Read more continue reading

Perennial Private to Public Opportunities fund no.2 closes fully subscribed

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Perennial’s Private to Public Opportunities Fund No.2 (PPP2, the Fund) has closed its capital raising fully subscribed – attracting $125 million from a wide range of wholesale investors. PPP2 will... Read more continue reading

Best Interests Duty not always in consumer’s best interests

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Life insurance advice delivered in line with the Best Interests Duty is not always in the consumer’s best interests according to Synchron Director, Don Trapnell. Synchron is calling for the... Read more continue reading

AFA announces On-Demand program and Masterclasses for VISION Conference

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The Association of Financial Advisers (AFA) has announced the On-Demand program and Masterclasses for the AFA VISION Conference. The On-Demand program includes sessions on how to run a best practice... Read more continue reading

PPS Mutual continues strong profit-share assignment to members for 2020

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PPS Mutual has announced its fourth round of profit share rates to eligible Members for the 2020 financial year. This is the fourth consecutive year of profit share allocations made... Read more continue reading

MLC Life Insurance boosts group insurance credentials with new appointments

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MLC Life Insurance has boosted its group insurance team for the future as the company focuses on providing strong value to superfunds, trustees and members. Sean Williamson, Chief Group Insurance... Read more continue reading

eInvest Core Income Fund (Managed Fund) receives Recommended rating Zenith

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eInvest, a distributor of active ETFs, confirmed that its active ETF: eInvest Core Income Fund (Managed Fund) (Ticker Code: ECOR) has received a recommended rating from top research house, Zenith Investment Partners (Zenith). Managed... Read more continue reading

The 2020-21 Australian Budget – spend, spend, spend as the focus remains on recovery and jobs, jobs, jobs

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Key points The Government now expects the Federal budget deficit to peak at a record $213.7bn this financial year. That’s around 11% of GDP, its highest since the end of... Read more continue reading

Evergreen Ratings vows to bring quality research insights into the complex world of managed funds

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There is a new research house on the block with the launch of Evergreen Ratings, with its specific focus at this stage, to look closely at the closed-ended, wholesale, illiquid... Read more continue reading

Funds announce agreement to enter exclusive merger due diligence

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Two of Queensland’s leading profit-for-member superannuation funds have signed an exclusive Memorandum of Understanding (MOU) to enter into merger discussions. Energy Super and LGIAsuper will commence due diligence to explore... Read more continue reading