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Showing 51 - 60 of 38130 results for %22AB Australia%22

Major themes to watch in the ETF space

ELIZA BAVIN  |  THURSDAY, 23 MAY 2024
... picks and shovels that go into the build of that infrastructure." J.P. Morgan Asset Management head of wholesale in Australia and New Zealand Mark Carlile said he has seen investors moving away from mutual funds and into ETFs. "That is happening in the ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... After recently backflipping on changing its high-net-worth investor (HNWI) tests, the UK serves as a cautionary tale for Australia as it mulls overhauling its own wholesale investor thresholds. The UK government introduced new HNWI and sophisticated ...

Financial services workers eye earlier retirement

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
Men and women who work in financial services intend to retire earlier compared to the average worker, new data from the Australian Bureau of Statistics (ABS) reveals. Men who work in the finance and insurance industries intend to retire at 64 years ...

Cromwell gets $457m for European funds platform

JAMIE WILLIAMSON  |  THURSDAY, 23 MAY 2024
... transaction, which is valued at $457 million, is a part of its broader strategy to simplify the business and focus on Australia and New Zealand. Under the deal, Stoneweg will acquire all of Cromwell's European business, excluding the Polish Retail Fund ...

Funds SA chief investment officer exits

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
Funds SA is on the hunt for a new chief investment officer. The $43 billion asset manager confirmed Richard Friend is departing after almost eight years in the role. Friend joined Funds SA in December 2016 to lead the investment team, coming across ...

SMSFs' use of advisers plummets: Research

ANDREW MCKEAN  |  WEDNESDAY, 22 MAY 2024
... opportunities that financial advisers have in delivering advice that is suited to the needs of SMSF trustees," said Vanguard Australia chief of personal investor Renae Smith. "It's been a longstanding view of Vanguard's that advice can help investors ...

Fidelity confirms active ETFs to launch in coming weeks

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
... reported Fidelity's plans to expand its range of active ETFs, first introduced in 2018, with Fidelity International Australia managing director Lawrence Hanson saying the firm is "committed to making investing with us as easy as possible." Now, Fidelity ...

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... syndicate allegedly co-mingled legal and illicit funds which enabled the transfer up to $100 million a day for customers in Australia and throughout the world, with the volume of transfers masking the laundering of tainted funds, AFP assistant commissioner ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
The Reserve Bank of Australia (RBA) board has confirmed it discussed both leaving interest rates unchanged and a hike at its May meeting. The board minutes were in line with messaging from RBA governor Michele Bullock, who spoke at a press conference ...

Financial services firms concerned about attracting staff

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
The majority of both Australian employers and employees are concerned about their company's ability to attract skilled talent this year, research from Robert Half found. The research suggested what companies are offering fails to meet candidates' expectations. ...