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More climate exits as Trump takes charge

ROSE MARY PETRASS  |  WEDNESDAY, 22 JAN 2025
... said in a statement. A CIBC spokesperson said: "Having made significant progress alongside our clients in these areas, we are now well-positioned to further this work outside of the formal structure of the NZBA." Financial institutions are pulling back ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... Assessment Act 1997, effectively doubling the tax on members' earnings above $3 million from 15% to 30%. The bill's future now rests after the upcoming federal election. Jericho said if the government can convince the crossbench to support these ...

ETFs, global equities dominate retail portfolios: Data

MATTHEW WAI  |  TUESDAY, 21 JAN 2025
... Australia Online Investing Report found that investors are increasingly interested in ETFs and international equities, which now account for a combined 20% of an individual investors' portfolios, up from 17% in the first half of 2024. In particular ...

Trump inaugurated as 47th President

ELIZA BAVIN  |  TUESDAY, 21 JAN 2025
... expected, and the disinflation we have seen over the last 12 to 18 months in the US economy has run into headwinds. That is now starting to challenge US equity market valuations," Hennessy said. "Looking back to September and the lows in bond yields ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... scrutiny from the regulators. ASIC suing Cbus for poor member claims experience and the 70% decline in Link Group's (which is now MUFG Pension & Market Services) share price are just some examples prompting superannuation funds to reassess their ...

Insignia grants CC Capital limited due diligence

ELIZA BAVIN  |  MONDAY, 20 JAN 2025
... informed in accordance with its continuous disclosure obligations, but it will not otherwise be commenting on the process that is now underway with CC Capital. Insignia Financial has engaged Citigroup and Gresham Advisory Partners as its financial advisers ...

Coalition members call for superannuation guarantee reform

ANDREW MCKEAN  |  FRIDAY, 17 JAN 2025
... "The last time the Coalition were in power, they froze super and forced people to raid their super to get by in a pandemic. Now, they're talking about cutting super and getting workers to raid what's left for more expensive houses. "It's clear that working ...

Dimon 'cautiously pessimistic' on US economy

KARREN VERGARA  |  FRIDAY, 17 JAN 2025
... geopolitical tensions underpin his stance in the face of the US reporting GDP levels that were equivalent to Europe but are now 30% higher. Dimon attributes this to the country's culture of innovation, growth, and capital investment that led to plentiful ...

Partners Group promotes local staffers

ELIZABETH FRY  |  THURSDAY, 16 JAN 2025
... Krish Vaswani has been with the global private market asset management firm since 2016 and joined the royalties team which is now the manager's fifth asset class after private equity, infrastructure, real estate and debt. Previously, Vaswani was ...

Top asset management trends for 2025

ANDREW MCKEAN  |  WEDNESDAY, 15 JAN 2025
... an up and to the right trend that's flattered many asset managers' businesses. However, themes that will shape the industry now, and in the years ahead, are emerging, according to Oliver Wyman. The management consulting firm's 10 Asset Management Trends ...