Government to review LIC commissions

Financial advisers and stockbrokers may lose commissions on the sale of listed investment company (LIC) shares after the Government announced a consultation on the stamping fee exemption. Earlier this week Treasurer Josh…

Class acquires compliance technology company

Class Ltd, a leading provider of accounting software to the wealth sector, is diversifying its service offering with the acquisition of a compliance technology company. Class announced yesterday that it is acquiring…

People: Genworth names new CEO

Genworth has appointed Pauline Blight-Johnston as its chief executive. She takes over from acting chief executive Duncan West who will remain an independent non-executive director. Blight-Johnston joins from KPMG where she was…

Scrutiny will lead to improved outcomes

Over the last few weeks there has been a heightened level of debate concerning Listed Investment Companies (LICs) and Listed Investment Trusts (LITs). As always, industry experts have presented thoughtful, considered positions…

Metrics follows up NB credit fund raise

For the second time in a week a listed credit fund has launched a capital raising, underlining the popularity of the sector in a yield hungry market. Metrics Credit Partners’ MCP Master…

CML takeover battle nears resolution

Commercial finance company CML Group, which has been juggling competing takeover offers since December, says it will provide some clarity in a statement next week. CML has received offers from commercial finance…

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Who needs Bill Gross? Look at this PIMCO line-up

PIMCO, the world’s largest fixed income manager, has retained five world-renowned experts on economic and political issues to form a ‘Global Advisory Board’, including a former Federal Reserve chair and a British prime minister…

Boomers need advisers to think differently

As a big cohort of super fund members head towards retirement – the babyboomers – their financial advisers should be looking to approach the various risks they face in a different manner than they have done in pre-retirement…

HUB24 going live with international SMAs

HUB24, the listed investment platform company, is about to become the first in Australia to offer international shares as part of a managed portfolio…

PIMCO’s new digital platform links State Street with OneVue

PIMCO has launched a new digital platform in Australia, which will provide additional functionality for all its clients, combining with its long-standing custodian, State Street, and new retail registry provider, OneVue…

Family and friends seen as best advisers

Australians are twice as likely to turn to family and friends for information (41 per cent) on financial matters and planning as they are to turn to a professional financial planner (23 per cent), according to a global study by the Financial Planning Standards Board, in conjunction with the Financial Planning Association of Australia (FPA)…

…as Eight IP lists its new small-cap fund

Eight Investment Partners yesterday (Tuesday) debuted its Eight Emerging Companies (8EC) fund as a listed investment company on the ASX, after a successful raising – the $1 shares traded at par on their first day in a thin market…

SuiteBox finds the sweet spot as compliance hits home

About 70 Australasian financial services firms – including banks, super funds, insurance advisers and financial planning firms – are currently using the NZ-designed ‘virtual room’ system, SuiteBox…