Perpetual points to remuneration model
|
|
Just days after announcing the resignation of its chief executive, David Deverall, Perpetual has provided the market with a business update reaffirming its earnings guidance but pointing to some continued uncertainty in investment markets.
In the update, released to the Australian Securities Exchange (ASX), Perpetual predicted that the ASX would trade in the 4,300 to 5,000 range for the next six to 12 months, while being influenced by a range of issues including sovereign debt, government policy and interest rates.
However, the company claimed it was well-positioned to handle the challenges not least because it held strong brand integrity with the adviser community.
Discussing its so-called key success factors, the market update suggested that Perpetual had a non-commission-based model for the new regulatory regime as well as a talented, stable and well-recognised funds management team.
The update also made reference to the company’s “talent management”, with critical roles identified and succession plans put in place.
AUTHOR
Mike Taylor
Recommended for you
ETF provider VanEck has announced its intention to launch a uranium and energy solution as global political agendas point to expansion in this sector.
PIMCO has announced the launch of a new active fixed-income ETF, marking its fifth active solution on the Australian market after the launch of four ETFs earlier in the year.
With the Australian advice market being a target for US private equity firms, a US advice commentator has shared lessons from his overseas experience, and why PE may be less attractive than initially expected.
Financial advisers are reminded to ensure their CPD is up to date with the Financial Services and Credit Panel making its second determination in a week after an adviser failed to meet the requirements.
