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Former AMP Capital executive takes over at Selfwealth

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
SelfWealth has named Craig Keary as its new chief executive, set to assume the role next week. The news of Keary joining comes just days after the trading platform rejected a takeover bid from rival Stake. Stake was offering 17.5 cents per share, which ...

Fidelity finds key barriers in Australian estate planning

ANDREW MCKEAN  |  WEDNESDAY, 18 OCT 2023
... or lack confidence that their savings will sufficiently support their desired lifestyle while transferring wealth to the next generation. Additionally, a major concern in leaving a financial legacy is navigating family dynamics, a challenge fraught with ...

KeyInvest, Mantis Funds launch investment bond offering

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... decades, tax planning has been very superannuation and offshore fund focused, a trend which we believe will change in the next decade." In an environment where further changes to superannuation taxation laws are on the horizon, investment bonds are becoming ...

Equity Trustees offloads Irish business

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
... million in cash the business holds for regulatory capital purposes. The transaction is expected to be completed within the next few months, subject for approval by the Central Bank of Ireland (CBI). While the sale price has not resulted in a premium ...

Equip Super welcomes new chair

CHLOE WALKER  |  TUESDAY, 17 OCT 2023
... said. "I know his extensive experience and passion for profit to member organisations will steer Equip Super through the next chapter of the fund's growth trajectory." Cameron will replace Danny Casey, who has served as chair since the official merger ...

HUB24 launches investment options

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... current stable of Choice and Core investment menus, providing advisers with a selection of managed portfolios. Also from next month, HUB24 will reduce percentage-based tiered administration fees in its HUB24 Super and HUB24 Invest products. "Whilst a ...

The Voice is not at the expense of the economy: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 13 OCT 2023
... helped ensure the gap between wages and inflation that we inherited is now narrowing, and treasury expects it to close early next year," Chalmers said. Additionally, he flagged the 2023 Intergenerational Report, released in August, which looks to focus ...

Escala loses bid to restrain former executives

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
... regard damages as an adequate remedy so far as he is concerned," Judge Waller said. A directions hearing is scheduled for next week. "The usual rule when a plaintiff fails on an application for interlocutory relief is that costs follow the event, but ...

HNWs increase digital engagement: Research

CHLOE WALKER  |  THURSDAY, 12 OCT 2023
... digital engagement between advisers and their HNW clients is becoming increasingly important, particularly considering the next generation of digitally native heirs. However, Investment Trends head of research Irene Guiamatsia said that HNWs still struggle ...

Best and worst ETFs of past 12 months

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... respectively. These returns are largely attributed to the explosive performance of artificial intelligence companies, like NVIDIA. Next in line, the Betashares Global Uranium ETF (URNM) posted a 47.9% return, as uranium prices surged to their highest ...