InvestmentLink unveils adviser platform service
Wealth management technology services provider InvestmentLink has launched a new platform enabling product providers to manage and distribute adviser payments. The remuneration management system (RMS) allows managers, platforms, insurance companies and lenders to manage and process all the payments made to intermediaries, including dealer licensees, financial planners and brokers. Early adopters of RMS include fund managers MFS and Provident Capital, which have recently moved from product testing to full live implementation.
Watchdog launches retirement calculator
Corporate watchdog ASIC has launched a new online calculator, the Fido Retirement Planner. The new tool enables consumers to calculate how much superannuation they will need in retirement. The calculator is available at www.fido.gov.au.
Intech boosts alternative investment offerings
Intech has expanded further into the alternative investment space, with the launch of the Intech Global Trading Strategies Trust II. The trust provides exposure to global market selection strategies such as global tactical asset allocation (GTAA) and global macro. The Skandia-owned investment and consulting division chose to boost its diversified trusts by introducing alternative investment strategies as they are not dependent upon the success of the existing investment strategies.
Zurich adds to insurance online
Zurich has added trauma insurance and needlestick cover to its online application service, Ezicover. The online application service is available for Zurich's Ezicover distribution partners, such as dealer groups, credit unions and health funds, as well as customers via the websites of these distribution partners.
Fund gets $4 million injection
Private capital group the Niche Emerging Private Equity Manager Fund (NEPEM) has committed $4 million to the Innovation Capital Fund II, Limited Partnership. NEPEM is managed by Sovereign Investment Research. Last December, NEPEM closed having raised $82.3 million from a number of superannuation funds, including BUSSQ, QIEC Super, Sunsuper, Club Super, ESI Super, AUSTQ, SPECQ, Catholic Superannuation and Retirement Fund, Intrust Super Fund and AustSafe Super. The fund has committed to nine emerging private equity funds that span early stage, expansion capital, buyouts and secondaries, and invests in a range of sectors.
