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AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
The Association of Financial Advisers has hit back at the Quality of Advice Review submissions from Choice and Industry Super Australia, saying their recommendations are harmful to the sector. Starting with Choice, the AFA said the consumer body's submission ...

Atrium welcomes new chief operating officer

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
Atrium Investment Management has named former Pendal executive David Harris as its chief operating officer. Harris was most recently head of product at Pendal Group. He has held executive and leadership roles within asset management firms in Australia ...

GSFM promotes, hires in distribution team

CHLOE WALKER  |  MONDAY, 11 JUL 2022
GSFM has promoted Steven Taylor to national distribution manager, in addition to appointing Simone Newman as a key account manager for Victoria and Tasmania. Joining from Challenger Group in 2013, Taylor was previously GSFM's state manager for Queensland. ...

Young Australians more 'super savvy': Equip

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
... survey. Almost half of the surveyed young Australians (18-34 years old) saw super as being more important now than since the start of the pandemic. Evidently, Equipsuper data found that 46% of young respondents had made voluntary super contributions ...

ORAH Funds reaches milestone

CHLOE WALKER  |  FRIDAY, 8 JUL 2022
... also able to indirectly generate donations or charitable causes. So to see us hit this milestone, I think is a fantastic start to the journey. "I think we've got a long way to go and over time we can become bigger and better and just keep making ...

Growth scare likely during second half of 2022: Report

CASSANDRA BALDINI  |  FRIDAY, 8 JUL 2022
Global activity is already slowing, as central banks continue to indicate that a further deceleration is needed to lower inflation, report said. According to UBS Asset Management's Panorama mid-year outlook, titled Inflation: Rising to the Challenge ...

Forrest family hires former ART portfolio manager

ELIZABETH FRY  |  FRIDAY, 8 JUL 2022
Bruce Tomlinson has joined Andrew and Nicola Forrest's Minderoo Foundation as investment director after recently leaving Australian Retirement Trust. In the new role, the former ART portfolio manager will report to John Hartman, the chief investment ...

Companies' ESG efforts improve

CASSANDRA BALDINI  |  THURSDAY, 7 JUL 2022
ESG focus across global companies is up by almost 8% in response to regulatory and investor pressure, report states. Fidelity's 2022 survey of analysts on sustainability issues capture's the view of 161 investment analysts from across the globe. ...

Bendigo Bank agrees to buy ANZ margin lending book

CHLOE WALKER  |  THURSDAY, 7 JUL 2022
Bendigo and Adelaide Bank has inked a deal to buy the ANZ investment lending portfolio, allowing it to further grow its margin lending business, Leveraged Equities. The portfolio is valued at approximately $715 million and has 11,900 customer facilities. ...

Median MySuper returns of -2.8% expected

JAMIE WILLIAMSON  |  TUESDAY, 5 JUL 2022
Single strategy, default MySuper options are likely to deliver the fourth worst result in 35 years for the financial year just gone. According to the Rainmaker MySuper Index, default MySuper options are expected to see a median return of -2.8% for the ...