Insurer kept selling product almost two years after admitting compliance breach

The Life Code Compliance Committee has issued its first sanction under the Life Insurance Code of Practice, calling out OnePath Ltd for failing to implement agreed remedial action. OnePath reported a significant…

Antares investors ‘should look elsewhere’

Morningstar has advised investors to take their money out of one Antares Capital fund and has put another under review, following staff movements at the fund manager. Morningstar says investors in Antares…

People: Daley to step down at Grattan

Alex Chernov, chair of Grattan Institute has announced that chief executive John Daley will step down from his position when his contract ends in July 2020. He has held the position for…

Home ownership is no longer a one-way street

More than in many countries, in Australia home ownership has traditionally been seen as a journey, with most of us aspiring to own a home and pay down a mortgage by the…

Banks warned to stop unauthorised transactions

The Australian Financial Complaints Authority (AFCA) has demanded that banks and other financial institutions implement better systems to detect fraudulent transactions, as a large number of complaints were received. The formation of…

Allan Gray, Platypus upgraded in latest Zenith review

Zenith Investment Partners has upgraded two Allan Gray funds to ‘highly recommended’ in its latest Australian Shares Large Companies review. Allan Gray Australia Equity Fund and Allan Gray Australia Stable Fund join…

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Diversified managed account offering from Drashta Capital

Investment Manager and trading talent incubator Drashta Capital has put together an offering for high-net-worth investors encompassing five distinct strategies in an MDA structure with monthly liquidity…

REST builds on member advice capabilities

REST Industry Super, Australia’s largest super fund by membership base, is lifting its presence in the financial advice space through the appointment of a national advice manager who will oversee the relationship with Money Solutions…

Warrants are back as Chi-X launches SMSF product range

Once the hottest investment product in the listed space, warrants are making a return to centre stage as part of a planned three-pronged attack on the SMSF market by the alternative stock exchange Chi-X…

The role of fixed interest in a low-yield environment

While investors and their advisers are scratching their heads over where to invest in the current environment of low interest rates and fully priced equity and residential property markets, this is also the time when active management should deliver results, according to independent asset consultant and researcher Nigel Douglas…

Portfolio service couples succession with funds management

Scott MacDonald’s VanMac Group has launched a funds management service, Group Portfolio Services (GPS) for independent advisers which will enable them to control their own professionally managed funds for clients…

Asset growth slows for world’s largest managers

Assets managed by the world’s largest 500 fund managers rose by a little over just 2 per cent in 2014 to reach US$78.1 trillion, compared to US$76.4 trillion the year before…

How research houses can be next-gen managers

One of the potentially big winners from disruptive technological change, which has lowered the barriers to entry for new funds management vehicles, is the handful of quality research firms. And, it’s about time they got a break…