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Australian Retirement Trust people chief to depart
Australian Retirement Trust has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year.
SSGA loses $2.4bn in two months
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products.
AFCA seeks industry feedback on approaches
The financial complaints authority is asking the industry for feedback on how it approaches issues and reaches decisions.
Apex, ACA partner to broaden client services
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.
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Jason Huljich
JOINT CHIEF EXECUTIVE OFFICER
CENTURIA CAPITAL LIMITED
CENTURIA CAPITAL LIMITED
A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
What rubbish. APRA are useless! Total Fund performance is meaningless!!! Industry Funds performed "well" only because they had large volumes invested in cash and fixed interest during the GFC, unless they were like MTAA.
A REAL Adviser actively managed clients' portfolios in terms of asset allocations and funds managers over the past 5 and 10 years and achieved returns many times greater than Industry Funds for clients who understood the value of active management and the relatively low level of risks involved compared with staying in cash or FI over long periods.
The suggestion by BRAGG that older retirees are more conservative is wrong unless they have a very low life expectancy. Older retirees need income and growth to keep up with inflation and the fast increasing costs of living, and especially the very high out of pocket costs of medical services! Oldies can't afford proper cancer treatment unless they have substantial bank balances.
Real advisers have achieved total returns of between 50% and 110% over the past two calendar years when the World has recovered so well. This leaves all the APRA figures for DEAD!