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Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... the past three months despite still strong population growth, real retail spending has gone backwards for almost two years now, job creation in white-collar private sector industries has essentially stalled, and business insolvencies have recently hit ...

Advisers add 5.7% premium

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
Financial advisers add 5.7% in value for client portfolios, a new study shows, down from 5.9% last year. Now in its seventh year, the Value of an Adviser Report by Russell Investments found financial advisers continue to deliver for clients, particularly ...

Former ASIC commissioner joins Insignia Trustees

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
... Company between July 2016 and November 2017, and chief executive of Equip Super from 2010 to 2016. She was also a director of now-defunct robo-adviser Six Park and held senior roles at UBS Global Asset Management for about 17 years. Smartt left the post ...

CFS reviews Ironbark mandate

KARREN VERGARA  |  TUESDAY, 3 SEP 2024
... yesterday. On August 22, Ironbark announced it will tear up its contract with RLAM, whose former head of equities, Peter Rutter, is now spearheading Life Cycle Investment Partners as an affiliate of Pinnacle, which acted as investment manager of two ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... Millennials are willing to plan and engage with data for their long-term physical wellbeing and health, Constant noted, adding now is the time to see millennials engage in the same way with their long-term financial health.

Funds SA exec jumps ship

ELIZABETH FRY  |  MONDAY, 2 SEP 2024
... taking a short break and initially dividing his time between Melbourne and Brisbane. "I have loved my time with Funds SA, but now is the right time for me to move closer to family interstate," he said. "I wish every success for the organisation and my ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
... Levy said. "It makes almost no sense. We have a system that was set up to invest saving for people's retirements and we are now at a point where we are asking trustees to solve really difficult problems of how people have a safe and secure retirement ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... advocacy, and standards Phil Anderson said there is $135 million in compensation related to Dixon Advisory the advice industry now must pay for under the Compensation Scheme of Last Resort (CSLR). "So seemingly Dixon Advisory did nothing wrong and the ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... platform products failed to meet the test benchmarks. This includes 27 products which have failed for a second time and will now be closed to new members. None of the 398 non-platform products assessed failed to meet the benchmarks. Last year, when the ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... $1.3 billion, up 32%, again in relation to the Pendal integration. Perpetual said the integration is "essentially completed" now, and $81.6 million in synergies have been recognised. The group has commenced a simplification program to deliver cost reductions ...