Financial Standard

Advisers urged to capitalise on HNW interest in alternatives

ANDREW MCKEAN   High-net-worth (HNW) investors are the largest market for alternative assets, drawn by the potential for diversified risk-adjusted returns and superior yields in an environment where traditional investments may underperform, according to a report by Praemium and CoreData.

Almost one third fail adviser exam

KARREN VERGARA   Nearly one third (30%) of candidates who sat the latest round of the Financial Advisers Exam failed.

Insignia FUM grows by $11bn, completes platform migration

ELIZA BAVIN   Insignia Financial has given a quarterly business update, seeing funds under management grow 3.9% to $312.3 billion.

Global X launches new gold ETF

ELIZA BAVIN   Global X said the new ETF will complement its flagship product and give investors more choice.

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN   There is a gap in perception among Australians of life insurance as a crucial component of financial stability, according to an Investment Trends Consumer Insurance Needs report.

UniSuper selects new group insurer

JAMIE WILLIAMSON   After more than a decade in business, UniSuper has dropped TAL as its group insurer.

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA   The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA).

intelliflo adds SMSF cashflow modelling capabilities

JAMIE WILLIAMSON   Advisers using intelliflo now have access to cashflow modelling tools for SMSF clients.

South Australia recognised as 'economic leader'

ANDREW MCKEAN   South Australia leads in economic performance across all Australian states and territories, according to the CommSec State of the States quarterly report.

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN   Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF).

Treasury shakes up foreign investing framework

KARREN VERGARA   Treasury is promising to make Australia a better investment hub for foreigners as it lays out comprehensive reforms to make the system "stronger, more streamlined, and more transparent".

ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN   The financial regulator has hit back at suggestions it isn't doing enough to deal with community complaints.

Rainmaker Information names research head

JAMIE WILLIAMSON   Rainmaker Information will welcome Aman Ramrakha as executive director, research this month.

Former Diverger managing director joins VBP

JAMIE WILLIAMSON   David Carney is stepping back from managing Vital Business Partners (VBP), appointing Nathan Jacobsen to take over as chief executive.

Mercer rolls out new corporate super plan

ANDREW MCKEAN   Mercer Super has launched a new corporate superannuation plan for employers of all sizes called Mercer Business Super.

Australian Retirement Trust applies new investment exclusion

ELIZA BAVIN   The mega super fund has added to its list of exclusions, to come into effect from July 1.

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON   The fintech signed a strategic agreement that will see boutique advisory firm Rawson Lewis join its ranks.

Institutional investors eye increased exposure to Vietnam

ANDREW MCKEAN   Most pension fund managers and institutional investors plan to increase their exposure to Vietnam over the next three years, according to research from Dragon Capital.

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA   Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals.

Wholesale investor tests up for parliamentary review

KARREN VERGARA   The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.