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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 ...

Longreach hires Channel Capital sales lead, launches advisory firm

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
... said: "There is increasing demand for high-quality alternative investment solutions across the region, with particular focus now on the 'alpha' sources within alternative allocations." On the LCA executive team are co-founding partners Sam Edwards ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... On the policy side, Lonsdale said APRA is in a position where it has built up the strength of the prudential framework and now the focus will be on maintaining that strength. "While we plan to have a broad approach focused on adjusting or recalibrating ...

Vale Greg Bright

JAMIE WILLIAMSON  |  TUESDAY, 27 AUG 2024
... Professional Planner, Super Review, and Top 1000 Funds. In 1994, Rainmaker Information launched the Rainmaker Marketing Symposium - now the Financial Standard Marketing, Advertising and Sales Excellence (MAX) Awards - and named Investor Weekly as its ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... won a retrial after being convicted of fraud in 2019. Jayaweera was the director of Growth Plus Financial Group, which is now in liquidation. He was a member of the Association of Independently Owned Financial Planners (AIOFP) board.

Heightened costs push young Aussies to plan ahead: HESTA

MATTHEW WAI  |  TUESDAY, 27 AUG 2024
... "encouraging". "It's encouraging to see younger Australians actively planning for their retirement because even small changes made now can have a big impact down the track," Blakey said. "For many young Australians, super will be their biggest financial ...

Short-termism damaging Australian economy: CEDA

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... services face rising demand, costs are becoming unsustainable. Our workforce is highly educated, yet skills shortages are now pervasive." CEDA found that Australia is over-reliant on a narrowing and inefficient tax base. In addition, the-housing-price-to-household-income ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... areas of crypto as soon as possible and, while the organisation prefers that to be through legislative reform, "at least we now have clarity" regarding the margin offering and "will move quickly to comply and continue to service our customers." ASIC ...

BlackRock launches new bond ETF

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
... investors to add duration in a simple and low-cost way. Alongside our Australian long duration government bond exposure ALTB, we now offer investors one of the broadest ranges of Australian-listed fixed income and cash ETFs available to build a well-diversified ...

360 Capital returns to profit in FY24

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... including its 53.6% co-investment to generate $3.7 million in gains. 360 Capital chief executive James Storey said the group is "now a sustainable business that is not reliant on one-off fees and with its track record of investing through the cycles ...