Weekly wrap

Raising the Glass ceiling

Friday, April 23rd 2010, 10:16PM

by Sonia Speedy

Speaking at an Investment Store roadshow in Wellington a "reinvigorated" Paul Glass says he plans to build Devon Funds into the largest investment team in the country.

At the same roadshow, Liontamer's Janine Starks set the record straight on the virtues of capital protected funds.

Meanwhile emerging markets were also reviewed by AMP Capital Investors' Jason Wong.

If the saying, there is no such thing as bad publicity is true, then Huljich will be happy. This time the spotlight was on the Government Actuary's move to put tighter controls on the Huljich KiwiSaver scheme.
Huljich was quick to respond, saying it intends to establish itself as a sector leader when it comes to transparency.

The ACCC gave a green light for AMP's merger with AXA while shooting down National Australia Bank's bid.

Sovereign had plenty to tell advisers at the SovNet conference in Auckland this week. Not only will it pay for its key advisers to gain authorisation but it's business development managers will become authorised too.

The relative merits of putting finance companies into moratoria also came up for debate this week at a Commerce Select Committee inquiry.

In the insurance world, Russell Hutchinson lays out just why brokers are such good value - with a bit of help from Consumer magazine.

There has also been some moving and shaking going on.
» Russell Investments has a new head of investor services in New Zealand.
» Mike Newton and Wayne Ross are branching out with Newton Ross Limited, purchasing Portfolio Professionals of Tauranga.
» Lastly, Mike O'Donnell has resigned as head of wholesale at Gareth Morgan Investments to return to Trade Me.

What week would be complete without a regulation debate and this week's centred on the reserve dispute resolution scheme.

Also this week the training body ETITO opened its registration and booking system for business and we have several new events listed in our Good Returns diary.

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