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LGT Crestone offers exclusive access to the Princely family fund

CHLOE WALKER  |  MONDAY, 27 NOV 2023
... The fund is aimed at providing broad diversification and exposure to global private markets and alternative assets with lower volatility. "We are excited to offer our clients the opportunity to invest in the Princely Strategy alongside the Princely Family ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI  |  FRIDAY, 24 NOV 2023
Young Australian women are reporting lower financial literacy levels and are at greater risk of financial hardship, according to new NAB research. NAB's Financial hardship survey, revealed the most significant dip in financial literacy is seen in ...

Quality is worth paying for in 2024: UBS

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... quality bonds will deliver both attractive income and capital appreciation. "We think weaker growth should contribute to lower interest rate expectations," it said. "Market expectations that the Fed will not cut rates below 4% within the next five years ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... decreased from 0.27% in the second half of the previous financial year to 0.25% in the current period, chiefly because of lower trading volumes and cash balances. Praemium chief executive Anthony Wamsteker spooked markets, saying that the duration of ...

Paraplanners unfazed by QAR, AI: Survey

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... 67% of Australia's paraplanners are optimistic about the future and express high job satisfaction, this is however, lower than the 69% reported in last year's survey. The QAR recommended that Statements of Advice (SoAs) should be replaced with ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... revenue by over 140% in 2023. It has expanded its digital advice offering into cash management, lending, and most recently, lower-risk investments with its Automated Bond Portfolio. "The company is well-positioned to capture the $35 trillion held by ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... access to equivalent products with higher net investment returns driven by both higher expected investment performance and lower fee structures, it states. "There is $132 billion invested in superannuation and investment options that could benefit from ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

Allianz Retire+ heavyweight jumps ship

ELIZABETH FRY  |  FRIDAY, 17 NOV 2023
... allow super funds and advisers to compile a financial plan or offer a more compelling flagship solution at a significantly lower cost than today." He is beginning to see some support for this idea and hopes it will emerge as a second phase of the Quality ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
... promoting fairness in the super system. Doyle noted that many of the fund's members, often in part-time or casual roles with lower incomes, typically retire with modest savings and rely on a mix of retirement savings, the Age Pension, and other government ...