Aware Super to fuel sustainability transition with global co-investment
Aware Super has made a US$50 million ($76 million) co-investment alongside Macquarie Asset Management (MAM) into a specialty infrastructure finance company helping to fund the North American sustainability transition.
February 26, 2024
‘On the other side of calamity’: AMP eyes brighter advice future
In Adelaide at AMP’s 2024 Advice Live event, group executive for advice Matt Lawler explained why he believes AMP’s advice business is very different from a few years ago. The candid discussion comes amid the canvassing of views from the network over whether they want to maintain the security of institutional backing or if it is time for a stand-alone spin-off.
February 23, 2024
Growth mindset and ignoring the noise
Practices that want to maintain a growth mindset should focus on honing their internal processes and procedures, according to AFSL consultancy Tangelo Advice Consulting, and try to ignore a noisy regulatory environment.
February 23, 2024
Super caps to increase in FY24
The Federal Government has confirmed increases in the standard concessional and non-concessional contributions caps for FY24.
February 22, 2024
‘Job is never done’: Mota’s parting advice to new Insignia boss
Outgoing Insignia Financial CEO Renato Mota has encouraged his successor, Scott Hartley, colleagues and the broader industry to continue trying to develop a mass-market financial advice model suitable for regular Australians. In a valedictory interview with Professional Planner, he said the monster acquisitions of ANZ and MLC were the “right thing to do” and questioned the economics of the traditional licensing model.
February 22, 2024
Coalition decries attacks on aspiration, but super tax change impacts few
The federal opposition has used the SMSF National Conference to ramp up its criticism of the government’s attack on “aspiration” via tax reform in the super sector, but research conducted by SMSF experts Heffron shows the most optimistic modelling shows few will be impacted by the reduction of concessions for balances over $3 million over time.
February 22, 2024
AMP Advice launches Estate Planning Service with fintech
AMP Advice has partnered with fintech Yodal to provide financial planning practices with access to Estate Planning Service.
February 22, 2024
Tasmanian Retirement Benefit Fund names JANA as consultant
The Tasmanian Retirement Benefit Fund has appointed JANA as its investment consultant.
February 22, 2024
SMSF advice on ASIC’s regulatory radar
A year after the release of the consolidated info sheet covering the standards for SMSF advice, ASIC will conduct a new review to test industry implementation. The review comes amid the ATO’s continued crackdown on illegal early release of super via SMSFs and a spike in disqualifications of SMSF trustees.
February 21, 2024
Iress wealth unit earnings slide after cash injection into Xplan
Financial services technology firm Iress has posted a 14 per cent decline in underlying earnings in its local wealth management division, which includes financial planning software Xplan and content platform Advisely, helping to contribute to a $137 million net loss for the group. But CEO Marcus Price says Iress’ future is not all doom and gloom.
February 21, 2024
MSCI names former UBS executive as AUNZ head
MSCI has appointed former UBS executive Shane Edwards as its managing director and head of Australia and New Zealand client coverage.
February 20, 2024
