NZ Super appoints co-CIOs
Kiwi sovereign NZ Super has appointed two joint chief investment officers following the departure of previous CIO Stephen Gilmore who joined CalPERS earlier this year.
October 22, 2024
The moral case for boosting advice productivity
The profession has a key opportunity to make advice more accessible by driving productivity without worrying about regulatory change, a Professional Planner roundtable has heard. But will advisers be more enticed to take on more clients, if they can serve fewer while making the same money?
October 21, 2024
FAAA calls for stronger aged care regulations
The Financial Advice Association has called for stronger regulations to ensure only licensed professionals can provide aged care advice. The call backs a consultation paper by Aged Care Steps who earlier this year noted the “worrying trend” of unlicensed and unregulated businesses being able to deliver services in the space.
October 21, 2024
My Dealer Services appoints head of strategy after commitment to growth
My Dealer Services has appointed Ashley Mahadeea as head of strategy as the firm looks to grow its depth of services and number of self-licensed advisers.
October 21, 2024
Shadow Treasurer receives swift rebuke from compulsory super true believers
A reference to American-style voluntary retirement plans by Shadow Treasurer Angus Taylor has drawn a swift rebuke from true believers of compulsory super, but Taylor insists he is still a supporter of compulsory super, albeit for purposes other than just retirement savings.
October 18, 2024
Tackling retirement income, gender gap key to better super system: Mercer
Australia is no longer the top retirement system in Asia Pacific – the first time that has happened since the Mercer CFA Institute Global Pension Index started tracking and ranking the competence of pension systems around the world. Mercer partner and lead author of the report, David Knox, said superannuation can do better in areas like providing retirement income projection and unisex annuity rates.
October 18, 2024
REST appoints interim chief investment officers
REST has appointed two interim chief investment officers following the announcement that Andrew Lill, its CIO for the last five years, will depart the fund in November.
October 18, 2024
Coalition reference to 401(k) ignites fears of voluntary super
Shadow Treasurer Angus Taylor has invoked the US 401(k) scheme in comments about the controversial 'super for housing' policy, raising eyebrows about a broader Coalition push for voluntary super. Though likely a throwaway line, Aleks Vickovich writes the reference may also signal aspirations of the party rank-and-file to overturn a landmark Labor achievement.
October 17, 2024
Knowledge gap creates missed opportunity for philanthropic advice: Research
Advisers are reluctant to provide advice to high-net-worth clients about charitable giving, the Elston Philanthropic Research Report has revealed. A lack of understanding around the topic and leaving it to clients to express interest results in advisers missing opportunity to leverage their clients’ philanthropic potential.
October 17, 2024
Super funds on pace for a strong CY24
Super funds had a strong September with the median growth fund (61 to 80 per cent in growth assets) up 1.2 per cent for the month, according to Chant West.
October 17, 2024
ASIC makes dual appointments to executive leadership team
ASIC has made two appointments to its executive leadership team, covering its regulation and supervision, and enforcement and compliance divisions.
October 17, 2024
Genium appoints head of investment solutions
Research firm Genium Investment Partners has appointed Andrew Vong as head of investment solutions.
October 16, 2024
