Van Eyk wins Zurich consulting contract
Van Eyk Researchhas one a contract to act as the asset consultant over $6.7 billion worth of funds managed byZurich Financial Services.
Zurich head of investment management and life Peter Delprado says van Eyk won the contract ahead of a range of other asset consulting groups following an extensive tender process.
Van Eyk will replace Towers Perrin, who had been Zurich’s asset consultant for the past two years.
The deal will see van Eyk take responsibility for the review and selection of external managers available through Zurich’s master trusts - i.super_invest and Accountants’ Super Fund - as well as its range of managed funds, allocated pensions and superannuation products.
Delprado says van Eyk was selected ahead of other asset consulting groups because of its reputation in the financial planning industry.
“As the premier supplier of independent research services to the financial planning industry, van Eyk was the ideal choice to fulfil the role of asset consultant for Zurich,” Delprado says.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
