Industry Updates

Gender inequality: A systemic risk to the Australian economy

Corporate Australia needs to do more to recognise women’s contribution to the economic wellbeing of the country by setting effective gender targets to increase female participation in the workforce.

Federated Hermes appoints Asia Pacific distribution head

The head of Federated Hermes’ international client group, Jim Roland, has been promoted to the position of head of distribution for Asia Pacific.

Banned financial advisers exploiting legal loophole

ASIC has responded to questions about whether its powers go far enough given that an investigation has uncovered several banned financial advisers continuing to promote themselves online.

‘The hardest part of investing’: Embracing uncertainty as an opportunity

The most challenging part of investing is uncertainty. According to Platinum Asset Management head of investment Douglas Isles, those who want to invest need to embrace unpredictability and use it as an opportunity.

HUB24 expands relationship with Striver

Investment platform HUB24 will expand its relationship with advice networking/recruitment firm Striver to provide more educational resources to support the next generation of financial advisers.

Singh gains permanency as lead ombudsman

After leading the investments and advice sector of the complaints authority for almost a year and a half, Shail Singh has officially been appointed lead ombudsman.

Rest sells stake in Endeavour Energy

Profit-to-member superannuation fund Rest has agreed to sell its 12.6 per cent stake in Endeavour Energy to a fund managed by Macquarie Asset Management.

State Street launches global carbon asset servicing solution

State Street Corporation has launched the Carbon Asset Servicing Solution, which will allow asset managers, asset owners, and other financial services institutions around the world to integrate carbon-related assets into their portfolios as the demand for the asset class continues to grow.

Changing market reality demands a clear-headed look at fixed income

The current market has brought risks to fixed income securities that many investors have never faced in their lives.

Investors return to bonds and fixed income after worst-performing year

Recent market performance for bonds has seen an unprecedented slump, but the value of the asset class is the benefits it offers over the long term.

BT’s Private Portfolio Management business to transition to Mercer

Mercer has entered into an agreement with Westpac Group to transition BT’s Private Portfolio Management business to Mercer, which will occur in Q4 this year.

‘We need a lot more’: FAAA sees work ahead to address supply

Kicking off the first-ever United Association Roadshow, the Financial Advice Association has delivered the message it will help to drive supply and create the next generation of advisers committed to the profession.

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