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Regulators to face committee scrutiny

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2022
The ACCC, APRA and ASIC will front the House of Representatives Standing Committee on Economics tomorrow to discuss super fund underperformance, greenwashing and the rise of finfluencers. In what will be the committee's first public hearings into the ...

Sustainable investment now mainstream: Survey

CHLOE WALKER  |  FRIDAY, 7 OCT 2022
... this year, falling from 67% to 41%. Diversity and inclusion (52%), public policy (49%), and labour rights (47%) would also be top priorities for asset owners if the data related to social themes was more readily available, the survey suggests. Respondents ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... opportunities is just not true." And the numbers back him up. According to Rainmaker, over the last 12 months, six of the top 10 funds were below $30 billion, underlining that scale does not automatically deliver outperformance. Moreover, First Super ...

Throw out financial services law clutter: ALRC

ANDREW MCKEAN  |  WEDNESDAY, 5 OCT 2022
The Australian Law Reform Commission's (ALRC) second interim report to reduce complexity in financial services legislation proposes an alternative model that's more coherent and principled, and "embraces minimalism." The ALRC's proposed legislative ...

BUSSQ sees strength in niche super

ELIZABETH FRY  |  FRIDAY, 30 SEP 2022
... says funds under $30 billion continue to make up the majority of high returning funds showing that you can continue to be a top performer without being large. Also, like his peers, he says BUSSQ can capture opportunities denied to them. "If you're ...

Super members switching options amid uncertainty

CHLOE WALKER  |  WEDNESDAY, 28 SEP 2022
... unnecessary risk when it comes to their retirement savings." In August, a Finder report indicated that 86% of Australian's don't top up their super fund regularly. According to the report, one in 10 Australians with super don't know the name of their ...

Managed funds industry records $16bn net flows

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
... second highest net inflows with $5.7 billion to $48 billion, an increase of 13% through flows. "Of the credit products, the top five by inflows all have a lot of direct loans/mortgages in them and account for around 85% of inflows into this sector," ...

Federal Reserve bumps interest rate by 0.75%

JAMIE WILLIAMSON  |  FRIDAY, 23 SEP 2022
... [Federal Reserve chair Jerome] Powell suggesting a high bar for slowing the pace of hikes, we now expect another 150bp on top of September's 75bp hike, with the target range peaking at 4.50-4.75% in Q1 23." Providing an outlook for Australia, McCormack ...

HNWs shunning professional advice: Research

CHLOE WALKER  |  TUESDAY, 20 SEP 2022
... advice merely as a collaborative relationship for confirming their own investment choices. This number rose from 52% last year. Top reasons given by HNWs for not seeking advice were that they prefer to seek advice only when they need it (39%) and believe ...

UniSuper caps future investment in fossil fuels

RACHEL ALEMBAKIS  |  FRIDAY, 16 SEP 2022
... benefit, is below the reference benchmarks of the ASX300 and MSCI world. The fund has developed a shadow carbon price for the top 50 companies or unlisted assets where the fund feels carbon pricing could be a significant risk. "Our expectations of our ...