$4 trillion super pool key to surviving big economic shifts: Treasurer
Treasurer Jim Chalmers says superannuation savings can and should play a role in supplying capital to megatrends that will reshape Australia’s economy and fiscal position. The comments come in an exclusive foreword to the first edition of Retirement Magazine, the new sister publication to Professional Planner.
September 17, 2024
Future Fund restructures investment team
Australia’s $212 billion sovereign wealth fund, the Future Fund, has restructured its investment team which will be overseen by a six-person investment leadership group including five new managing directors reporting to chief investment officer Ben Samild.
September 17, 2024
AI the next ‘superstar’ player for advice practices
Only a fraction of advice practices are making significant use of AI, but the exponential growth of its capabilities means practices will potentially miss out on an all-star team member if they are not integrating the technology into their processes, the Netwealth Accelerate Summit has heard.
September 16, 2024
Pre-retirees’ income expectations differ from retirement funding reality
Aside from superannuation savings, the reality for retirees in regard to their retirement funding bears several differences to the expectations of pre-retirees, according to a report from Investment Trends. The research found many pre-retirees underestimate how likely they are to rely on the Age Pension.
September 16, 2024
‘Not a want, it’s a must’: Automation should be at the heart of CRM choice
Customer relationship management software choice is pivotal to building a tech stack – and not only is finding the right one essential – it should be adaptable to AI and automation to help drive future business efficiency, the Netwealth Accelerate Summit has heard.
September 13, 2024
Next steps for the super funds leading on retirement
Regulators remain eager for super funds to further progress their retirement income strategies, but a handful of funds are demonstrating pathways forward. David Bell and Geoff Warren examine the emerging best practice of combining support and guidance mechanisms with retirement solutions.
September 13, 2024
Prime Value Asset Management nabs former industry fund CEO
Prime Value Asset Management has appointed former Prime Super chief executive Lachlan Baird as chief financial officer.
September 13, 2024
Just one in 10 advice firms integrate tech effectively: Research
90 per cent of practices are not implementing technology systems effectively, the latest Netwealth AdviceTech report has found. The research, unveiled at the Netwealth Accelerate Summit on Thursday, identified a best practice method that advice firms can replicate.
September 12, 2024
Private market change is structural, not cyclical: iCapital
A structural change in private markets is the result of companies becoming less profitable after becoming listed, the Netwealth Accelerate Summit has heard creating a stronger value opportunity for investors looking to access the asset class. However, investors are yet to benefit from this due to barriers in the distribution of private market products.
September 12, 2024
Advice profession at tipping point of innovation mindset: Netwealth CEO
The professionalisation of financial advice has been a painful journey but practitioners and firms are starting to reap the rewards of technology-enabled client experience and practice efficiency, says Netwealth CEO Matt Heine. He told the Netwealth Accelerate Summit on Thursday that innovation has finally taken centre-stage in the profession after decades consumed by regulatory compliance.
September 12, 2024
Coalition move to kill tax adviser ethics bill fails
The Coalition-led disallowance in the Senate that would block the tax adviser ethics bill has failed. A last-ditch meeting held by Minister for Financial Services Stephen Jones on the morning of vote that negotiated the details of amendments with the professional associations was enough to sway the tie-breaking vote of Senator David Pocock.
September 11, 2024
Turning to support staff for future advisers
The pipeline of support staff to financial advisers highlights a way to convince more young people to pursue financial advice as a career. Not only is it a necessary way to help encourage more people to become advisers but creates long-term staffing solutions for career-driven employees.
September 11, 2024
