WEEKLY WRAP: TAL creates new executive position

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REST industry super is pleased to announce the appointment of John Edstein as its new director. Edstein has been appointed to the Board as an employer nominated director.

TAL has created a new executive position of Chief Innovation and Disruption Officer. Experienced innovator and start-up venture entrepreneur Tim Thorne is migrating to Australia from England after finishing up his existing role and commitments to take up the position in early November.

For the fourth year in a row, AMP hosted the AMP Abseil for Youth on Friday 18 and Saturday 19 October, raising money for the Sir David Martin Foundation’s Triple Care Farm, which helps disadvantaged youth rebuild their lives. So far the event has raised more than $336,485, including a $10,000 donation from the AMP Foundation.

Bravura Solutions Limited announced that it is now providing Sonata, Bravura’s modern, unified wealth management platform, via software-as-a-service – or “Sonata as a Service” – to Partners Life in New Zealand.

Boutique fund manager, Instreet Investment, has launched a new structured product designed to give investors the potential to tap into a rising gold price as well as receive a regular income stream. The product, Instreet Gold plus Yield, is designed for investors who have a bullish view on the gold price over the next three years. The income stream, coupons, which total an indicative 7% a year, will be paid irrespective of how the gold price performs.

In an industry first, REST Industry Super won the major award of Fund of the Year as well as Pension of the Year at the 2014 SuperRatings awards held in Melbourne last week. It is the first time that any super fund has won a combination of these two prestigious awards.

Fixed income specialist FIIG Securities has completed its fifth successful bond issue for a mid-cap corporate, closing its unsecured note offer for  commercial printing company PMP Limited (ASX:PMP) oversubscribed at $50 million.

Charter Hall’s Direct Industrial Fund No.2 (DIF2) has acquired a new $12.5 million industrial facility in Gracemere Industry Park, Rockhampton reflecting an initial yield of 8.5%.