HNWs care more about goals than about complex investments
A whitepaper from HUB24 collating adviser feedback argues high net worth (HNW) investors have similar goals to other investors but prefer to focus on wealth preservation rather than growing wealth with risky and complex products.
December 04, 2023
AustralianSuper wins Origin Energy campaign
Shareholders in ASX-listed Origin Energy have rejected a takeover bid by a consortium led by private equity giants Brookfield and EIG.
December 04, 2023
Rest appoints CFO
Rest has appointed John O’Sullivan as its chief financial officer, after he led the division during the recruitment process.
December 04, 2023
Integro Private Wealth makes pair of appointments
Western Australian advice Integro Private Wealth has appointed Adam Pontague as a private wealth adviser, aligned with the firm’s continued expansion and heightened demand for private wealth services.
December 04, 2023
NZ Super Fund appoints acting CEO
The Guardians of NZ Superannuation, the crown entity that manages the $65 billion NZ Super Fund, has named Paula Steed as acting CEO, moving from her current role as general manager of strategy and shared services.
December 04, 2023
AMP appoints two non-executive directors to board
AMP has appointed Kathleen Bailey-Lord and Anna Leibel as independent non-executive directors to the board.
December 04, 2023
Shadow of Hayne guides Jones’ QAR response
Minister for Financial Services Stephen Jones has used his tenure to lead red tape reduction for the advice profession but has told an audience in Canberra the findings of the Hayne royal commission have laid the groundwork for these reforms.
December 01, 2023
Morningstar hit with $30k fine over greenwashing
Morningstar will pay $29,820 to comply with a pair of infringement notices after self-reporting to the corporate regulator it was exposed to “controversial weapons investments” in its international shares fund.
December 01, 2023
Iress claims improved client sentiment and reduced costs amid restructuring
Selling off underperforming and non-essential parts of its business, along with staff cuts, has seen Iress revise its earnings. A 4 per cent drop in staff numbers has seen revenue per employee increase 30 per cent year on year from $272,000 to $356,000.
November 30, 2023
Drawdown knowledge gap exists among retirees: Survey
A study has found that among retirees who drew down their super at the minimum legislated rate last financial year, 19 per cent thought the number was a government recommendation, highlighting a gap in understanding about the requirements among the public.
November 30, 2023
Questions remain unanswered as funds step into financial advice space
The Quality of Advice Review reforms will mean super funds take more responsibility over giving financial advice to Australians. While anxiety over this extended obligation has been well noted, how these services are rolled out will be a key differentiator for the funds that are prepared for the challenge.
November 29, 2023
