Improvements for Alpha’s reporting system for POWER Shares

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Improvements for Alpha’s reporting system for POWER Shares

In response to client concerns, which we take very seriously, Alpha has been working overtime with BlackRock to improve the reporting system for POWER Shares, Australia.

In summary, we have done two key things:

Prepared a simple but comprehensive “User Guide” on understanding the performance reporting of POWER Shares.
Removed the 2% cash account and refunded clients the balance of their cash account.

Alpha has communicated the changes in more detail to advisers whose clients are affected in more detail.

If you have any queries please call Nigel Abbott or Martin Hurley on (02) 9262 6833.