Future Fund adds $17.2 billion in financial year to date
Australian sovereign wealth fund Future Fund has returned 8.3 per cent in the financial year to date, adding $17.2 billion during the period and taking the overall assets under management to a record $223.4 billion.
April 26, 2024
March exam sees 70pc pass rate
Some 70 per cent (210 candidates) have passed the March 2024 ASIC adviser exam, the first sitting since the exam structure was updated.
April 26, 2024
Principals’ Community warns on advice salary expectations
Data shared by The Principals’ Community with Professional Planner outlines the growth of salaries across adviser and support roles – and while there is a decent jump, managing director Kon Costas has warned against unrealistic salary increase expectations that just aren’t in-line with business realities.
April 24, 2024
JAWG pushes for education changes
The Joint Associations Working Group has recommended to government a more flexible education standard for new entrants and career changers.
April 24, 2024
Otivo appoints head of product strategy amid super fund demand
Digital advice provider Otivo has appointed Joanna Lawson as head of product strategy, citing demand from super funds seeking to offer their members accessible and licensed financial advice as the reason for the appointment.
April 24, 2024
Get wise on alternatives, whether you want to or not
Client-led demand for alternative investments means advisers need to have at least a working knowledge of what they are and what they bring to a portfolio. Increasingly, clients – particularly wealthy ones – are going to be sitting in advisers’ offices asking questions they expect answers to.
April 24, 2024
‘Reservations’ about bringing YFYS to retirement products
The Financial Advice Association has argued against bringing the Your Future Your Super performance test to retirement products, and it is not alone in its view. Other YFYS expansion suggestions have also received pushback, with the SMSF Association arguing against extending any such test to self-managed funds.
April 23, 2024
PFAN partners with Pancare and MND Victoria
The Pro Bono Financial Advice Network has partnered with Pancare and MND Victoria, further expanding the group’s charity participants. Chair Nicola Beswick says adding more advisers to the network has helped aide in the ability to create more partnerships, but hopes more advisers will continue to join.
April 23, 2024
Average retirement age in Australia increases by 4 years
Australia’s retirement age has increased four years between 2000 and 2020, which was the 12th biggest increase in all OECD countries, according to study from Age Calculator.
April 23, 2024
Super funds deliver fifth straight month of gains: Chant West
The median growth super fund has returned 8.8 per cent in the 2024 financial year so far with one more quarter ahead, according to research house Chant West.
April 23, 2024
Aware Real Estate begins two Melbourne housing developments
Aware Real Estate has launched large-scale housing development at Queens Road, in Melbourne’s inner south, and Preston in the city’s north, with the aim to add more than 700 homes to the city’s housing market.
April 23, 2024
JANA appoints director of client development
Asset consultant JANA has appointed Habib Chebli as director of client development, based in Melbourne.
April 23, 2024
