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Editor's Choice

Vision Super chair departs

JAMIE WILLIAMSON  |   12:55PM
Lisa Darmanin, Vision Super's chair for almost three years, has stepped down to become a Senator for Victoria.

Forged documents see former adviser banned

JAMIE WILLIAMSON  |   12:52PM
A former Capstone Financial Planning adviser who forged clients' signatures to steal from them is now permanently banned.

BlackRock has most valuable brand, study finds

JAMIE WILLIAMSON  |   12:50PM
BlackRock has the world's most valuable brand in asset management, while Public Investment Fund (PIF) takes the title among sovereign wealth funds.

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |   12:35PM
The latest inflation data has done little to quell fears that Australians are in for more interest rate pain for longer.

Clime to offload Madison Financial Group

JAMIE WILLIAMSON   Clime Investment Management will sell Madison Financial Group and managed accounts platform WealthPortal to Infocus for $2 million.

Platform reveals advice firms' top issues

KARREN VERGARA   Practice management, advice technology, and superannuation are top of mind for financial advisers who want to improve their aptitude and knowledge, according to professional networking platform Ensombl.

REIT returns to come back strong: Expert

ELIZA BAVIN   Higher interest rates and the post-COVID world have led to some underperformance in the real estate sector, but returns are expected to get back to their historic levels, according to one expert.

Market pessimism over Insignia 'overblown'

ELIZA BAVIN   Sluggish flows, restructuring challenges and deteriorating debt coverage may have investors spooked, but one analyst says it's not all bad.

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA   ClearView has made changes to its ClearChoice product series, including the launch of trauma options, and is closing its ClearChoice Super Rollover product.

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.

SMSFs' use of advisers plummets: Research

ANDREW MCKEAN   The number of self-managed super funds (SMSFs) using advisers has reached a new low, with the proportion of SMSFs using advisers falling to 23% from 27% in the past 12 months, according to a Vanguard/Investment Trends report.

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).

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |    12:35PM   The latest inflation data has done little to quell fears that Australians are in for more interest rate pain for longer.

Financial services workers eye earlier retirement

KARREN VERGARA   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.

Forged documents see former adviser banned

JAMIE WILLIAMSON  |    12:52PM   A former Capstone Financial Planning adviser who forged clients' signatures to steal from them is now permanently banned.

AFCA to expel Dixon Advisory

KARREN VERGARA  |    12:40PM   AFCA is set to kick out Dixon Advisory & Superannuation Services as a member over the next few weeks.

Vision Super chair departs

JAMIE WILLIAMSON  |    12:55PM   Lisa Darmanin, Vision Super's chair for almost three years, has stepped down to become a Senator for Victoria.

VFMC hires client portfolio design head

KARREN VERGARA   Victoria Funds Management Corporation (VFMC) named a new head of client portfolio design who joined this week.

Super fund engagement peaks among members with $250k+ balances: Report

ANDREW MCKEAN  |    12:42PM   An Investment Trends report has identified a clear inflection point for member engagement with superannuation funds.

Super pool jumps to $3.9tn

KARREN VERGARA   Superannuation assets soared to $3.9 trillion, jumping 11.3% at the end of March despite the number of APRA-regulated funds shrinking.

BT Panorama launches first-of-its-kind private market managed account

ANDREW MCKEAN  |    12:44PM   BT has launched the Drummond Private Markets Separately Managed Account (SMA) on the BT Panorama platform, offering high-net-worth (HNW) clients access to a portfolio of private equity, private debt, and real assets.

The rising role and risks of generative AI

ANDREW MCKEAN   Generative AI, a rapidly advancing form of deep learning that mimics human output, also raises concerns about the verifiability of its results, UTS industry professor - emerging technology Nicholas Davis says.

Geopolitical risks push APAC family office allocations locally

KARREN VERGARA   Geopolitical risks are dictating how family offices in the Asia Pacific invest as more intend to shift asset allocations to their home regions, according to UBS.

Family offices up active management, eye generative AI: UBS

ANDREW MCKEAN   Family offices are increasingly turning to active management or manager selection to diversify portfolios, according to the latest UBS Global Family Office Report.