AMP causes consternation by applying brakes to successor fund transfers

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02 April, 2020

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AMP makes Anglican Super unhappy by stalling successor fund transfer

Anglican Super is accusing AMP Limited of being unreasonable because it has sought to suspend the fund’s successor fund transfer to Mercer citing COVID-19 market volatility. For more.

Northcape Capital and Warakirri AM team up

Northcape Capital and Warakirri Asset Management have entered into a strategic partnership that will see Northcape become the underlying investment manager for a number of Warakirri’s funds. For more.

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Could markets recover from COVID-19 in six months?

Mass testing and global Government guaranteed support would help recover economic turmoil caused by the pandemic within six months, according to deVere Group. For more.

Elston adds partnership executive

Perpetual’s Eric Armbrust will join Elston Asset Management, working with the adviser team on partnerships as the firm plans expansion into Melbourne. For more.

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Growth in ESG investing, an opportunity for advisers

With interest in ethical investing growing fast, advisers who are educated on the options available for ethical investing will be in a strong position to cater to this growing market of investors. For more.

Count Financial improves platform integrations

The new technology integrations will improve the back-end operations across its My Prosperity, Astute Wheel, Padua Sorrento, Moneysoft and Iress platforms. For more.

TCorp launches floating rate note

Investment and financial management partner of the New South Wales public sector, TCorp has announced it has launched a new floating rate note. For more.

King confirmed as Westpac CEO

Westpac’s board has opted for certainty and experience by elevating acting chief executive, Peter King, to the full-time leadership role. For more.

Dividends could be cut by a third

AMP Capital predicts ASX200 dividends will be cut by a third over the next 12 months, a larger cut to dividends than during the global financial crisis. For more.

Expert Analysis

How to get comfortable with Chinese equities

COVID-19 may be damaging people’s views on China but the country is a global force and will likely become part of people’s future investment portfolios, writes Jonathan Wu. For more.

Crown Ratings

Funds reporting drastic moves

There have been nine funds in the latest FE fundinfo Crown Ratings rebalance which have seen a significant five-ranking move from their previous position last September. For more.

Toolbox

New beginnings for the Newstart Allowance

IOOF TechConnect’s Mark Gleeson explains the changes that advisers need to be aware of for their clients ahead of the move from Newstart to JobSeeker Payment this month. For more.

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FE Money Management Pty Ltd · Level 10 · 4 Martin Place · Sydney, NSW 2000 · Australia

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