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
CFS-Otivo deal tackles post-Hayne orphaned client problem
Colonial First State has tapped digital adviser Otivo to provide services to members on its FirstChoice platform. The deal is motivated by the goal of helping unmet advice needs, particularly for the more than half a million orphaned clients, which has been a long-standing issue facing the platform since the Hayne royal commission.
October 16, 2024
AustralianSuper makes first US data centre investment
AustralianSuper has made its first investment in the US data centre market, injecting $2.2 billion in DataBank alongside the company's existing investor DigitalBridge.
October 16, 2024
Netwealth’s Flux acquisition points towards HNW oversaturation
Netwealth’s acquisition of the financial education platform has signalled a strategic move for the traditionally High-Net-Worth focused platform to expand beyond what has become an oversaturated market. CEO Matt Heine said the goal is to equip advisers and licensees for the $3 trillion intergenerational wealth transfer.
October 15, 2024
