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CSC, Future Fund, RBA pay data released

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
... equality benefits everyone, so it is important that barriers for men are also addressed. With changes in access to parental leave now enacted, Commonwealth public sector employers need to work deliberately and strategically to drive cultural change that ...

ASIC takes Block Earner case to High Court

ELIZA BAVIN  |  WEDNESDAY, 21 MAY 2025
ASIC intends to appeal the Full Federal Court's decision, now seeking special leave from the High Court in its case against Block Earner. The Federal Court decision found that a product issued by Block Earner, which allowed consumers to earn fixed ...

Nest drops $930m into new IFM Investors fund

JAMIE WILLIAMSON  |  WEDNESDAY, 21 MAY 2025
... infrastructure debt fund from IFM Investors. Last month, Nest officially became IFM Investors' first international owner, now sitting alongside the existing 15 industry super fund owners. Now, in its first move as an owner, Nest is handing over $930 ...

Managed funds should be 'prepared to take less'

ELIZA BAVIN  |  TUESDAY, 20 MAY 2025
... funds as well. It's not just passive. So, the active manager is going to continue to be there," Hannah said. "But I think now there's ways to easily assess the performance of your active manager. So, a lot of them, generally, in the past, have ...

Scrutiny, costs major hurdles to boosting IPOs

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... understand that because clients are ultimately demanding returns, both performance and dividends. With an ageing population, right now the super fund pension bill is circa $50 billion per year; by the end of 2030 that'll have increased to $120 billion ...

Wealth management has never looked better: Knox

JAMIE WILLIAMSON  |  TUESDAY, 20 MAY 2025
... I didn't say anything about product or about investments, I said advice." In contrast, he said, what we're seeing now in the first iteration of pure digital advice is that it helps people identify their goals, "it doesn't tell them the product ...

Vanguard Super leads in organic growth: KPMG

ANDREW MCKEAN  |  TUESDAY, 20 MAY 2025
... AustralianSuper and Australian Retirement Trust maintained their dominance in both AUM and membership numbers. The industry now consists of eight "mega funds," with Hostplus becoming the latest addition after surpassing $100 billion in AUM in FY24. In ...

J.P. MAM slashes recession probability to 30%

KARREN VERGARA  |  TUESDAY, 20 MAY 2025
... imports while negative GDP growth surfaced. "We think that'll probably bounce back in Q2," Stewart told Financial Standard. "Now, we've reduced our probability of a recession down to about 30%." While that is "much better news", he warns that ...

Alternatives spark 'real' opportunities for HNW advisers

MATTHEW WAI  |  TUESDAY, 20 MAY 2025
... establishing fruitful opportunities for advisers. "There's a real opportunity for advisers to lead the conversation, particularly now," Praemium chief strategy officer Denis Orrock said. "Clients want to understand how these assets perform in different ...

Hearts & Minds chief exits

ELIZA BAVIN  |  MONDAY, 19 MAY 2025
... efficient, streamlined business with reduced operational risk. "Ironically, it is because of these improvements that we are now able to transition to a leaner leadership structure. We greatly appreciate Brett's impact." Jollie added: "I am grateful ...