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Major global trends impacting advisers

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... 21.3% of advisers planning to do so in the next 1-2 years (slightly up from the global figure - 18.7%). Schroders said it is now regarded as a core component of portfolio construction for wealth investors. Schroders Capital chief executive Georg Wunderlin ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... has been recommended as part of the provision of financial advice, is a critical service provided to clients. This relief now provides certainty to enable financial advice businesses to rely upon the FSG reform in the DBFO Bill," he said. The FAAA has ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
... care of their loved ones," Cupitt continued. "Australians have made it clear. They want these changes, and they want them now more than ever." The Association of Superannuation Funds of Australia (ASFA) also wants to see the reforms passed swiftly, with ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... and Port Adelaide, without any community consultation or local support. "Everyone can see AUKUS is sinking, the question is now becoming how much environmental and financial damage it will do before it hits rock bottom?" Shoebridge said. Over-reactor? ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
... outlook for the Middle East and Central Asia and that for sub-Saharan Africa." The IMF prediction that in five years from now, global growth should reach 3.1% which it said was a "mediocre performance" compared with the pre-pandemic average. "As global ...

Magellan launches first Vinva funds

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... worldwide (excluding Australian institutional clients). The Vinva Global Equity Fund and the Vinva Australian Equity Fund are now available, and the third fund, the Vinva Australian Alpha Extensive Fund - a 130:30 long-short strategy - is expected to ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... Generation Development Group (GDG) has reported record growth in the September quarter with its funds under management (FUM) now nearing $3.6 billion on the back of major inflows. GDG's FUM is up 33% - close to $1 billion - on the prior corresponding ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
... older adults is common. According to the National Council on Aging, 80% of older adults are either financially struggling now or at risk for economic insecurity in retirement. Its research also found that living independently in the community without ...

VFMC investment team takes shape

ELIZABETH FRY  |  FRIDAY, 18 OCT 2024
... head of asset classes, the largest of the four investment functions. "Under the updated structure, asset class teams will now report through to the head of asset classes and then ultimately to me, rather than directly to me," explained the chief investment ...

JANA awarded mandate for $2bn construction leave scheme

MATTHEW WAI  |  THURSDAY, 17 OCT 2024
JANA Investment Advisers will now provide asset consulting services for LeavePlus, a $2 billion portable long service leave scheme for Victorian construction industry workers. Formerly known as CoINVEST, LeavePlus administers the scheme for 280,000 ...