Major asset managers gamble with developing AI tech
The proliferation of AI tools should mean even the largest institutions can rely on readymade technology to service its needs. In an interview with Professional Planner in London, JP Morgan Asset Management CEO George Gatch says the decision to develop their own tools inhouse reflected the nuances need to successfully implement AI.
March 19, 2024
AustralianSuper partners with TAL for retirement product
The nation’s largest super fund AustralianSuper has partnered with life insurer TAL to develop a new ‘income for life’ retirement option.
March 19, 2024
HeirWealth partners with open banking firm Envestnet Yodlee
Sydney-based wealthtech HeirWealth has partnered with open banking technology company Envestnet Yodlee to streamline the intergenerational wealth transfer process.
March 18, 2024
Australians want to invest ethically but fear greenwashing: RIAA
The majority of Australians (88 per cent) are expressing a desire to invest ethically, either via super or other investments, but have trouble identifying truly ethical financial products, according to a study by the Responsible Investment Association Australasia (RIAA).
March 18, 2024
The advisers applying soft skills to a hard transition
It’s often said a financial adviser is part analyst and part therapist. That’s never truer than when clients are making the tricky transition from employment to retirement. But not all advisers have the optimal set of skills to help clients through the change.
March 18, 2024
Market needed greenwashing crackdown, needs clearer labelling
The global head of sustainable investing at JP Morgan Asset Management said ASIC’s approach to stamping out greenwashing is the right one but said more needs to be done on product labelling to match what is happening in other markets.
March 18, 2024
Advisers’ expertise can benefit NFPs and charitable organisations
A fateful night in 2011 was the catalyst for Koda Capital CEO Paul Heath starting a decade-long stint as a director for type 1 diabetes charity JDRF. After his daughter was diagnosed, Heath was driven to use his skills in financial services to create better outcomes for those suffering from the disease. He says others in the sector can also help by lending their skills to the organisations that need them.
March 15, 2024
Iress sells UK mortgage business
Iress has entered a binding agreement to sell its UK mortgage sales and originations business to Bain Capital for a cash consideration of £85m ($A164.3m) before costs.
March 15, 2024
MFS appoints new CIO
MFS Investment Management has appointed Alison O’Neill as its chief investment officer, overseeing a 300-person investment team across equity, fixed income, quantitative solutions and global trading teams.
March 15, 2024
Managed accounts take-up plateaus but assets surge
The rate of growth in the use of managed accounts has plateaued in the past two years, but advisers that do use them are using them more than ever before, and inflows and assets have reached record levels.
March 15, 2024
APRA, ASIC publish FAR information pack
APRA and ASIC have published information to help banks, insurers and super funds prepare for the commencement of the Financial Accountability Regime (FAR).
March 14, 2024
