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Viridian promotes to investment team, launches Infinity
|Viridian Financial Group announced three promotions to its investment leadership team as it merges its asset management and private wealth businesses under a single unit called Infinity.
Fight between SMC and FSC on super rages on
|The Super Members Council (SMC) has called out the Financial Services Council (FSC) on making selective claims about performance and costs of 'platform' super funds compared with performance-tested mainstream MySuper funds.
Global X launches global SMID ETF
|Global X ETF has expanded its international equity range with the launch of the Global X MSCI International Small and Mid-Cap ETF (ASX: ISMD), offering Australian investors low-cost exposure to small- and mid-cap companies across developed markets outside Australia.
Super Consumers appoints former regulator as chair
|Super Consumers Australia (SCA) has appointed former deputy chair of ASIC and ACCC as its board chair.
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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Increasing the Age Pension age from 2035 is hardly heroic and will do little to solve the supposed problem we face today. By 2035, life expectation will have increased by at least 5 more years compared to today so the Government's arguments hold no basis. The Age Pension is the heart of Welfare and was the first major welfare benefit in the western World. As such, it should be the last to be changed. It accounts for only 10% of Government outlays and there are many more hollow logs befor tackling this one.
The Government has completely confused itself and the public about what problems we are facing, short term vs long term, and which initiatives will address which challenges.