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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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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.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Words fail me. Not just with the scandal itself - that is disgraceful enough. It is adding insult to injury that these indescribable people at the top of the bank can 'be gifted' up to $8 million a year for overseeing what happened here. I say 'gifted' deliberately. Can anyone at all justify pay of $8 million a year? Just boggles the mind.
Any wonder why we are not taken as proper 'professionals' yet? They should compensate these investors and then pay a heft personal fine.