Industry Updates

MLC Life appoints senior Nippon Life executive as CIO & deputy CFO

MLC Life Insurance has appointed Hiroyuki Endo as chief investment officer and deputy chief financial officer from its parent company Nippon Life Insurance.

Zenith appoints BDM

Zenith Investment Partners has appointed Peter Dening as business development manager for NSW and ACT.

Paradigm shift could see 60/40 philosophy ‘flipped other way around’

Rising interest rates have led investors to re-assess their fixed income exposures, with some increasing their allocations but remaining wary of duration risk.

The time to consider bonds is now

Bond yields today are more attractive than they’ve been in a very long time, increasing the appeal of fixed income for longer-term investors, writes PIMCO’s Manusha Samaraweera.

The lowdown on fixed asset classes

Demand for traditional composite bond fixed interest strategies is on the rise after disruption caused by monetary and fiscal policy due to the COVID-19 pandemic, according to fund researchers.

OneFortyOne appoints Future Fund deputy as CEO

Future Fund deputy chief investment officer has been appointed CEO of timber and forestry organisation OneFortyOne, effective from mid-June. 

‘Doesn’t do it for me, to be honest’: Obstacles for expanding intrafund advice

Millions of people in or near retirement may benefit from receiving financial advice and super funds could be the natural providers. But there are a range of issues to overcome before the vehicle of the nation’s retirement savings also become its primary supplier of advice.

‘Let’s create a new asset class in Australia’: NHFIC CEO tells super funds

The chief executive of the National Housing Finance and Investment Corporation Nathan Dal Bon has a clear message for Australian super funds: No-one is expecting them to accept less than market return if they invest in the federal government’s ambitious social and affordable housing plans.

Perpetual appoints co-portfolio managers

Perpetual has promoted Alex Patten and James Rutledge as co-portfolio managers, with fund veteran Jack Collopy to depart after 22 years with the company.

ClearView lead Simon Swanson to retire

ClearView managing director Simon Swanson has announced he will retire, with group executive of technology and development Nadine Gooderick taking over.

Zenith to distribute FE fundinfo products in Australia

Research house Zenith Investment Partners will distribute products owned by its parent company FE fundinfo under the Zenith brand in Australia.

Education carve-out pressures tertiary sector

Aside from being a step back for professionalism, the experience pathway presents a financial challenge for universities that have spent years investing into financial advice qualifications in preparation for the education standard.

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