Financial Standard

Advisers optimistic for 2022: Research

JAMIE WILLIAMSON   Financial advisers expect Aussie equities to deliver capital gains of 3.5% over the next 12 months, according to new research.

AMP flags $325m performance hit

KARREN VERGARA   AMP's 2021 full-year performance will cop a $325 million hit as it uncovers massive impairment charges.

Pinnacle seeds Canadian boutique

KARREN VERGARA   In another first for Pinnacle Investment Management this week, the firm has set up a North American-based affiliate in a small-cap equities fund manager.

Citi Australia wins custody mandate

ELIZABETH MCARTHUR   Mirae Asset Global Investments has appointed Citi Australia as its provider of custody and fund administration services for its Australian funds management business.

Risk inflows marginally recover

ANNABELLE DICKSON   Risk premium inflows experienced slight increases in the 12 months to June 2021, new research shows.

Sequoia buys general insurance book

JAMIE WILLIAMSON   The ASX-listed wealth group is expanding its offering, obtaining a new general insurance AFSL and acquiring the customer book of a brokerage firm.

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER   Extended government relief measures highlight the need for SMSF specialist advice, says SMSF Association chief executive.

Bond scam defrauds SMSFs $2.8m

KARREN VERGARA   A fake bond scam run has allegedly defrauded self-managed super fund members of $2.8 million.

Economic recap: Week to November 19

BENJAMIN ONG   Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.

Brokers warn of looming disaster

ELIZABETH MCARTHUR   The Finance Brokers Association of Australia (FBAA) has issued a dire warning, claiming Australian borrowers could not afford to pay 1% more on their mortgages or rent.

Guidance on financial risks of climate change released

JAMIE WILLIAMSON   The prudential regulator has released the final guidance on managing the financial risks of climate change, having made minor amendments following industry consultation.

CCIV legislation introduced

JAMIE WILLIAMSON   The Corporate Collective Investment Vehicle (CCIV) regime is back on the agenda, with the government introducing legislation to attract more foreign investment yesterday.

Rest hires from MLC Asset Management

JAMIE WILLIAMSON   The $65 billion industry superannuation fund has welcomed a head of investment product and communications who has previously held roles with MLC Asset Management and BlackRock.

New role for Ian Silk

ELIZABETH MCARTHUR   Long-serving AustralianSuper chief executive Ian Silk has taken on a new role with a consulting firm.

Retirement Income Covenant hits parliament

KARREN VERGARA   The Retirement Income Covenant's introduction to parliament yesterday has been welcomed by major industry bodies.

Aware Super chief executive named Fund Executive of the Year

CHLOE WALKER   Chief executive of Aware Super Deanne Stewart has been awarded the 2021 Fund Executive Association Limited (FEAL) Fund Executive of the Year.

Clearstream wins custody mandate

ANNABELLE DICKSON   Clearstream Australia has won a mandate to serve as sub-custodian for unlisted managed funds and hedge funds in Australia and New Zealand for a large firm.

Trustees Executors awards technology mandate

ELIZABETH MCARTHUR   New Zealand's oldest trustee company has chosen a technology partner for its new wealth management joint venture.

Cannon-Brookes takes stake in Rabbitohs

ELIZABETH MCARTHUR   Atlassian co-founder and billionaire Mike Cannon-Brookes has purchased a stake in NRL club South Sydney Rabbitohs, after recently becoming a minority owner of the Utah Jazz basketball team.

Joining the 1% around the world: Analysis

ELIZABETH MCARTHUR   New analysis reveals that Australians would have to work 66 years and five months to join the country's wealthiest 1%, while Chinese workers would need more than 101 years in the workforce to join China's 1%.