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Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
While Australia's life insurance industry grew steadily in the last year to $17.9 billion, its profits copped a beating from rising interest rates. Plan For Life's latest research shows that inflows rose by 3.4% in the year to September 2022. TAL continues ...

Women take the lead in private wealth: KPMG

CHLOE WALKER  |  TUESDAY, 14 MAR 2023
... think a little bit more laterally about their approach to their leadership," Langsford said. "There are other studies that show that organisations that do have women included as part of their leadership team are more economically prosperous as well. ...

Morningstar launches managed accounts portfolios

KARREN VERGARA  |  MONDAY, 13 MAR 2023
Morningstar has launched six managed accounts products that aim to help financial advisers achieve their clients' investment objectives. The Medalist Core Portfolios use both active and passive investment strategies across managed funds and exchange-traded ...

Invest Blue trials nine-day fortnight for advisers

CASSANDRA BALDINI  |  MONDAY, 13 MAR 2023
The financial advice group has adopted a nine-day fortnight pilot, giving full-time employees an extra 26 days off a year at a cost of roughly $1.9 million per annum. In a bid to foster employee wellbeing and drive productivity, the financial advice ...

Gender lens approach wins: Steed

CHLOE WALKER  |  FRIDAY, 10 MAR 2023
Approaching investment opportunities through a gender lens is key to realising outperformance, according to Melior Investment Management's Lucy Steed. Speaking at KPMG's International Women's Day event in Sydney yesterday, Steed said her view is backed ...

ETFs gaining popularity with female investors

CHLOE WALKER  |  THURSDAY, 9 MAR 2023
Women now make up 42% of Betashares' investor registrar, up 37% from 2021. Sharing new data in honour of International Women's Day, Betashares said the most popular of its products held by women are the NASDAQ 100 (NDQ), the Global Sustainability Leaders ...

Final voting for ESG Power50 open

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023
FS Sustainability is launching the final voting round of the inaugural ESG Power50, a list that will name the 50 most influential ESG professionals working at ASX-listed companies in Australia. For the first time, readers of FS Sustainability along ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
New life insurance research shows that women who make cancer-related claims tend to be younger than men. A MetLife study found that females making cancer-related claims in the areas of death, income protection, terminal illness, TPD and trauma are younger ...

Gender super balance parity four decades away: ISA

CHLOE WALKER  |  WEDNESDAY, 8 MAR 2023
... gender gap in super. "There is strong support among Australians for policy action," she said. "Results of a recent ASFA survey show that more than 80% of people agree that government should try to boost the super balances of women who take time out of ...

Diverse investment teams fare better: WTW

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAR 2023
Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45bps per annum in terms of net excess returns, a new report from WTW shows. Analysing more than 1500 investment strategies, WTW found equity and credit strategies ...