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VBP adds to leadership team amid Elixir acquisition

CASSANDRA BALDINI  |  FRIDAY, 10 NOV 2023
... that." VBP chief executive David Carney said the appointments and the acquisition will help take VBP's evolution to the next level. "We are significantly expanding our service offering to continue supporting our clients with their growth at a time ...

Wealth managers seek better data warehouse solutions: BNP Paribas

CHLOE WALKER  |  FRIDAY, 10 NOV 2023
Wealth managers are increasingly demanding better ways to access and utilise data from their custodians and expect advances in artificial intelligence (AI) to make this possible, according to BNP Paribas. "They want to know what we know and what we ...

Magellan cops first strike for remuneration

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... Magellan's shareholders voted against the report on executive pay following years of turmoil. If a second strike is recorded next year, the board will all face re-election. Formica said the board acknowledges that shareholders are disappointed with the ...

Vanguard Super institutes advice fee function, tweaks options

ANDREW MCKEAN  |  WEDNESDAY, 8 NOV 2023
... members to pay for advice fees via their SaveSmart account - the super fund's lifecycle MySuper investment option. As of next month, Vanguard Super members can opt to have advice fees deducted directly from their SaveSmart account when personal advice ...

Invesco hires from Northern Trust

JAMIE WILLIAMSON  |  WEDNESDAY, 8 NOV 2023
... director - factor investing and multi-asset strategies, nabbing a regional lead from Northern Trust Asset Management. From next week, Scott Bennett will join Invesco Australia in the role, leaving behind the role of head of quantitative investment solutions ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
... Separately, the fund continues its search for a new investment chief following Norman Zhang's announced move to Koda Capital next month. Zhang's departure was the latest in a series of significant changes within the legalsuper team, following ...

Government must revise infra pipeline: Chalmers

CASSANDRA BALDINI  |  MONDAY, 6 NOV 2023
... got some more due diligence to do, and I want to make sure that I take it to the Cabinet colleagues in the course of the next month, but we're choosing between internal and external, Australian and overseas," he concluded. "Obviously we're narrowing ...

Investor associations to unite

CHLOE WALKER  |  THURSDAY, 2 NOV 2023
... the Australian Shareholders' Association (ASA) and the Australian Investors' Association (AIA) are planning to consolidate next year. The boards of both groups have agreed to the amalgamation, with the AIA to close its organisation and be absorbed by ...

NGS Super launches retirement savings strategy

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... yesterday, assistant treasurer Stephen Jones stressed that, in anticipation of the millions preparing for retirement in the next decade, funds must urgently lift their game. "For 30 years, the superannuation industry has done an excellent job of building ...

Industry fund chief steps down

ANDREW MCKEAN  |  WEDNESDAY, 1 NOV 2023
... As he prepares to leave, Baird said he leaves the organisation in "great shape" for the future. "As Prime Super enters the next phase of its evolution, it does so with an enviable record and an excellent reputation among our partners and industry peers," ...