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JBWere restructures, chief executive exits

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
... well." Prior to JBWere, Lykouras was at Commonwealth Bank for 10 years and worked across various leadership roles within the now defunct financial advice business. She has also held senior roles at BT Financial Group and Count Financial. In a profile ...

Australians satisfied with super performance: ASFA

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... retirement or as a means of preventing reliance on the Age Pension. Just 4% said they'd rather have access to those savings now for personal use; they were typically located in regional and rural areas. "This research clearly shows Australians are ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... of Superannuation Funds of Australia conference, ASIC commissioner Simone Constant said she had chosen to write to trustees now as "this is too important to wait." "From [claimants'] perspective, the clock starts the moment they contact you about the ...

Fiducian names general manager, superannuation

JAMIE WILLIAMSON  |  TUESDAY, 19 NOV 2024
... investors greater flexibility and control. It also allowed the group to reduce its administration fees, which it said are now closing in on those offered by industry funds and the leading retail platforms.

Former adviser charged with dishonest conduct

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... pre-IPO companies like Steppes Alternative Asset Management, Trinus Impact Capital, and ASAF Critical Metals and its local, now-defunct subsidiary, Aus Streaming. Ridgway facilitated the trade of unlisted shares between his clients at significantly different ...

Betashares Direct slashes brokerage fees on ASX 300

MATTHEW WAI  |  TUESDAY, 19 NOV 2024
... Betashares' focus on delivering for consumers, as well as providing new investment opportunities. "By removing brokerage on ETFs and now on over 300 Australian shares, we are furthering our goal to become the home of investing for Australians," Vynokur ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... asset valuation decisions." The regulator commenced a formal investigation into the issue in January 2024, but said it would now close the investigation. "In light of HESTA's decision to make payments to affected members to make them good, and improvements ...

Lack of action on menopause driving gender inequity

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2024
... retirement savings; 36% are significantly behind. In 2023, modelling by the Australian Institute of Superannuation Trustees - now part of Super Members Council - estimated menopause is costing Australian women about $17 billion in lost earnings and retirement ...

TWC launches Global Wealth Creators Fund

MATTHEW WAI  |  MONDAY, 18 NOV 2024
... skilled management teams across the globe who are best positioned to create sustainable wealth for shareholders, TWC believes now is an opportune time to launch the Select Global Wealth Creators Fund," Birkhold said. "Our investment philosophy focuses ...

Major themes impacting systematic investors

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... to adapt to economic cycles. This was also reflected in the rebalancing of factors weights, with nearly all (91%) investors now adjusting their factor weights over time, an increase from 75% in 2023. Invesco also found a clear trend towards more diverse ...