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Capstone joins forces with PictureWealth to form $22bn FUA planning network
|PictureWealth Group has inked a landmark deal with national advice licensee Capstone Financial Planning, forming a combined business with 360 financial advisers and $22 billion in funds under advice.
Mercer reviews small caps, Aussie equities mandates
|Mercer Investments Australia has overhauled the fund manager line-up across its Australian equities and small-caps funds following an investment review, retaining some incumbents and awarding fresh mandates at the same time.
HESTA launches campaign around super tax benefits
|The super fund is launching 'Super Saturday' to help those that are missing out on the advantage from super tax benefits ahead of the end of the financial year.
RBA on hold, rate cuts expected
|The Reserve Bank of Australia kept interest rates on hold at its June meeting with economists suggesting the next move could be a rate cut.
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Digital assets and where they stand in 2026
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Rethinking default design in a changing market environment
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Featured Profile
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
The Financial Services Council is essentially the big end of town, and John Brogden as the CEO proposing that we have a default allocated pension of some description, simply is a cost measure by the large suppliers of product, to gain obviate the advice process that is essential for Australians to have stopped
It will be interesting for the government and opposition to support such a default process when they have just spent the last six months throwing rocks and bricks of each other over the whole issue of advice. Brogden seems to think advice even the smaller retirees is a waste of time.
An interesting proposition coming from the larger part of the product benefactor in group that control The Financial Services Council.
Just a complete nonsense of an idea.