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Ausbil shutters $27m long short fund
Ausbil Investment Management has shuttered its Long Short Focus Fund, with $27 million in funds under management (FUM).
Ageing dynamics require holistic retirement planning: La Trobe
As more Australians enter retirement, the phase increasingly resembles a "distinct" economic life cycle, making better retirement planning essential rather than just an opportunity for financial advisers.
Aware Super elevates data and AI with new promotions
Artificial intelligence (AI)and data analytics are becoming increasingly central to investment decision-making, with Aware Super reshaping its investment leadership to strengthen how technology informs portfolio strategy.
Challenger open to TAL takeover at a better price
Challenger will continue to engage with TAL Daiichi Life to get a better offer price, after it rejected the takeover bid earlier this week, stating the offer falls short of a level it could recommend to shareholders.
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Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Dr Newman has advocated the Australian minimum wage falling to levels comparable with the US.
Business should advocate for tax reform to encourage greater employment, but dropping the minimum wage would be an enormously damaging move.
One may well ask Dr Newman how he obtained the wealth necessary to own a cattle property that is "wonderfully relaxing and gives us the opportunity to regularly enjoy fresh air and simple pleasures with our children and grandchildren".
Why then, would you bring us down to the level of the US, where many of those who are less fortunate stay on the treadmill for their entire working life?
Dr Newman spoke of Australia's high minimum wage as something of a curse. From my perspective, we should all take great pride in providing a living wage to our fellow citizens.
When comparing the wages structure in Australia to Europe and, heaven help us, the United States, he overlooks the enormous social cost of the poverty created by these "competitive wage structures." And by quoting annual incomes at the minimum wage, he totally ignores the fact that a large proportion of these workers have only part time work.
Rather than wring our hands over the high cost of labour, why don't we emulate the Japanese in the 1980's when faced with an overvalued Yen. They called on the general population and the business community to strive for measured productivity increases, and succeeded in maintaining and improving their economic position.