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AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... said, "we apologised publicly last year and began reimbursing impacted beneficiaries." It remains unclear whether the fund has now cleared the backlog or if unresolved cases remain. Last November, ASIC also launched legal proceedings against Cbus over ...

Coller Capital launches first-of-its-kind strategy

MATTHEW WAI  |  THURSDAY, 6 FEB 2025
... Hallifax said the asset class is gaining traction among its targeted investors. "Australian high-net-worth investors will now have access to a global platform that combines decades of secondaries expertise with a deep understanding of private credit ...

Mercer appoints chief investment officer from TelstraSuper

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... Claire Ross said Miller's appointment reflects the fund's position and future in the super sector, noting that it now manages $74 billion for more than one million members. "A chief investment officer of Graeme's calibre dedicated to the ...

One more vote needed for $3m super tax

MATTHEW WAI  |  THURSDAY, 6 FEB 2025
... supporter. The Bill was supposed to be debated in the Senate today, but it failed to be mentioned in the Order of Business and is now likely to be postponed until next week. Neo Super head of technical service Nicholas Ali said it has appeared that the ...

Fixed income drives managed fund surge

ROSE MARY PETRASS  |  THURSDAY, 6 FEB 2025
... apart from global markets," Lee said. "While it's too early to tell if Australia is countering the ESG cooling trend, for now, ESG appears to remain a critical factor in asset allocation."

Trump's tariff implications for Australian investors

ANDREW MCKEAN  |  WEDNESDAY, 5 FEB 2025
... He noted that with the potential risks from inflation and tariffs globally, the RBA should remain cautious - "cutting rates now would be a bold move."

FSCP orders adviser to undertake further education

KARREN VERGARA  |  WEDNESDAY, 5 FEB 2025
... the client received from the scheme was referred to on several occasions in the Statement of Advice," the FSCP said. Mr. D now has to undertake at least five hours of continuing professional education covering retirement planning in the next 12 months. ...

Insignia Financial receives bid from Brookfield

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2025
... has already provided both CC Capital Partners and Bain Capital limited due diligence, and confirmed the same access would now be awarded to Brookfield. "The provision of limited due diligence does not guarantee that the indicative proposal will result ...

Future Fund reaches value of $237.9bn

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2025
... returns were helped by the decline in the Australian dollar, which increased the value of offshore assets. "The portfolio is now constructed to be more resilient to inflationary pressures and more responsive to the fast-changing world while generating ...

Australian Wealth Advisors Group invests big in Sequoia

KARREN VERGARA  |  TUESDAY, 4 FEB 2025
... substantial ownerships in Sequoia. Last July, Crole accepted a fixed-term contract that extended his tenure to June 2026. Jones has now left the firm as part of an executive and structural shake-up, while Unrandom ceased to be a substantial shareholder ...