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Meat industry super fund rebrands

KARREN VERGARA  |  MONDAY, 9 OCT 2023
Industry fund AMIST Super will be known as Australian Food Super from today as it sets out to expand its membership base. Australian Food Super chief executive Murray Rutherford said the super fund, which has its heritage in the meat industry, is broadening ...

Aussies largely unsure of legacy plan: Research

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
While 67% of Australians feel confident they'll be able to leave a legacy when they pass away, only 14% actually have a plan in place to do so, according to new research from Generation Life (Gen Life). In June, Gen Life commissioned global research ...

Global economy 'remarkably resilient', faces growth challenges: IMF

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
The global economy has shown "remarkable resilience" stemming from a strong demand for services and "tangible progress" in combatting inflation, International Monetary Fund (IMF) managing director Kristalina Georgieva said. In a speech in Abidjan, Ivory ...

Advised Aussies more financially confident: Research

KARREN VERGARA  |  FRIDAY, 6 OCT 2023
New research finds that 75% of Australians earning $120,000 or less per annum feel financially confident with the help of a financial adviser compared to those who aren't advised. The survey of more than 1000 respondents canvassed by the Financial Planning ...

Smart beta 'taking over' active management share: VanEck

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
Financial advisers are increasingly incorporating smart beta ETFs in clients' investment portfolios, a survey shows. According to the latest VanEck Smart Beta Survey, over 80% of financial professionals plan to maintain or increase their smart beta ...

Provide Capital ordered to produce documents

CASSANDRA BALDINI  |  THURSDAY, 5 OCT 2023
The local subsidiary of TPP Global Investments has been ordered by the Federal Court to produce documents it has so far withheld from ASIC. Provide Nominees (Provide), which trades as Provide Capital, came under the watchdog's surveillance in March ...

Global insurers eye private markets, clean energy: BlackRock

ANDREW MCKEAN  |  FRIDAY, 29 SEP 2023
Global insurers are rethinking their investment strategies, with 60% revising strategic asset allocations (SAA) to prioritise flexibility and new opportunities, according to a BlackRock study. In its annual Global insurance report, BlackRock indicated ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
The life insurance industry climbed 4% to $18.4 billion in the year to June 2023 despite the number of risk advisers fleeing the industry. The latest data from Plan For Life shows that TAL continues to hold the lion's share of the group insurance and ...

Rainmaker names ESG leader super funds

RACHEL ALEMBAKIS  |  FRIDAY, 29 SEP 2023
... expected from Australia's super funds than ever before." Dunnin said the latest ESG Superannuation Leadership Ratings show that many of Australia's leading super funds are embracing these challenges while also ensuring their investment portfolios ...

Global small caps outperform Aussie counterparts: SSGA

ANDREW MCKEAN  |  THURSDAY, 28 SEP 2023
State Street says global small cap companies have consistently bested their Australian counterparts, offering higher annual returns and lower volatility. The US$3.6 trillion asset manager noted that the MSCI World Small Caps Index has yielded an 8.39% ...