Balancing value for fees in active ETFs
Active management has come under some criticism when over-charging and underperforming, but there is a way to get the best of both worlds by taking advantage of gaining alpha from active management with lower fees typically found in passive products.
November 14, 2024
How active ETFs are democratising access to systematic investing
Rapid advances in algorithmic and AI-enabled technology mean that systematic investments are no longer the exclusive domain of institutional investors and can now be readily accessed on a share market via an exchange-traded fund.
November 14, 2024
‘No one cares’ about objective of super: Bragg
Coalition Senator Andrew Bragg claims the Labor government misread the room by prioritising the objective of super legislation. The proposed law was one of many in financial services that have superseded advice reform, particularly the Quality of Advice Review which Bragg described as “the best ideas we have” to improve the sector.
November 13, 2024
Cbus woes mount as it faces ASIC in court over insurance
Troubled industry fund Cbus is being sued by ASIC for repeated failure to handle death benefits and TPD insurance claims, which has caused an estimated $20 million loss to claimants. It’s sparked calls from consumer groups and the opposition for the government to ramp up oversight of the sector.
November 13, 2024
Magellan COO/CFO resigns
Kirsten Morton has resigned as chief operating officer and chief financial officer of Magellan Financial Group.
November 13, 2024
Bell FG proposes non-binding acquisition of SelfWealth
Asset manager Bell Financial Group has made a non-binding proposal to acquire 100 per cent of retail trading platform SelfWealth.
November 13, 2024
ASIC final FY24 levy sees slight reduction
The ASIC levy for FY24 will be $2691 per adviser, plus the $1500 flat rate per licensee, $187 lower than what the regulator earlier projected.
November 13, 2024
New class of adviser risks new era of vertical integration
Financial advisers have invested heavily in lifting professional standards and uplifting consumer confidence. But Colin Tate AM writes that in one fell swoop, the government could completely undermine a decade worth of blood, sweat and tears by bringing in a second tier of advice that advantages large institutions and encourages vertical integration.
November 12, 2024
Pluralsight loss ‘humbling’, says AustralianSuper
Mega fund AustralianSuper said it is still feeling the pain from its very public loss in US software company Pluralsight, and even with $341 billion of assets under management, a $1.1 billion write-down is still too big a chunk of money to let go easily. But at the Investment Magazine Fiduciary Investors Symposium, the fund’s senior private equity portfolio manager Robert Schnittger, said the most important thing now is to learn the lesson and “not lose money the same way twice”.
November 12, 2024
Mason Stevens hires head of asset allocation from AMP
Specialist wealth platform provider Mason Stevens has appointed Brad Creighton as head of asset allocation.
November 12, 2024
SMC calls for super boost for under-18 workers
Under-18 workers in Australia could have $10,000 more in savings at retirement if a rule that currently denies compulsory super contributions unless they work more than 30 hours a week is abolished.
November 12, 2024
Future2 Foundation announces winners of 2024 grant program
The Future2 Foundation has announced the 12 winning recipients of its 2024 grant program, which focused on organisations empowering financial wellbeing.
November 12, 2024
