News

This week Peta looks at why Greece is the word.

NAB announced a new offer NAB Capital Notes (NCN) which are fully paid perpetual, convertible notes issued directly by NAB. The NCNs will raise $1.25b with the ability to raise more or less. They are expected to pay a discretionary, quarterly, floating rate, non-cumulative distribution. Distributions are expected to be fully franked, with a rate equal to sum of the Bank Bill Rate and a margin of 3.50%.

This article proves how costly the legacy system is. In January 2015, UBS has decided to stop servicing clients with less than $1m “due to the increased regulatory burden”. Smart companies are using Cygura to manage their Sophisticated and Wholesale investors in a more cost effective way.

Managing Director and founder of Sophisticated Access, Peta Tilse, was profiled by FINSIA this month. She discusses the importance of differentiating between retail and sophisticated investors and the industry issues that drove her to develop Sophisticated Access, an online sophisticated investor registry.