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Negative wholesale funds market growth continues

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
Australia's $1.6 trillion wholesale funds market has experienced negative growth, contracting 2.6% in annual terms. According to Rainmaker Information's latest Wholesale Advantage report, wholesale funds have had three consecutive quarters of negative ...

AFA, FPA propose merged entity name

KARREN VERGARA  |  TUESDAY, 7 FEB 2023
Australia's two peak financial advice associations have flagged the new name of the proposed entity should their merger go ahead. The Financial Planning Association of Australia (FPA) and Association of Financial Advisers (AFA) will be known as the ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...

Maple-Brown Abbott selects UK, Europe distribution partner

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
Maple-Brown Abbott's UCITS funds will be available across the UK and Europe, following an agreement with Hyde Park Investment (HPI). HPI, a capital raising and strategic consultancy firm, will distribute the UCITS funds in locations including, Sweden ...

Another Diversa offering bites the dust

JAMIE WILLIAMSON  |  TUESDAY, 31 JAN 2023
Diversa is winding up DIY Master Plan, saying it is in the best interests of members, who will now be transferred to HUB24 Super. Established in 2007, DIY Master Plan is a solution for financial advice groups looking to offer their own superannuation ...

Lendlease launches first BTR project in Australia

CHLOE WALKER  |  TUESDAY, 31 JAN 2023
Alongside Canadian real estate investment company QuadReal Property Group (QuadReal), Lendlease is set to deliver its very first build-to-rent residential apartment building in Brisbane, Queensland. Already, Lendlease has developed more than 2600 residential ...

Super funds must unlock diversification opportunities: HSBC

ANDREW MCKEAN  |  TUESDAY, 31 JAN 2023
The recent partnership between the Australian Institute of Superannuation Trustees (AIST) and HSBC will help superannuation funds diversify globally, says the latter's head of markets and securities services Nick Wheeler. In an interview with Financial ...

Brighter Super welcomes chief people officer

ELIZABETH FRY  |  MONDAY, 30 JAN 2023
Brighter Super has named Allanna Kelsall as the fund's chief people officer. The $30 billion industry fund for workers in the energy and local government was created by the merger of LGIAsuper and Energy Super, and the acquisition of Suncorp's ...

ACCC blitzes social media influencers

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
The Australian Competition and Consumer Commission (ACCC) has targeted social media influencers who use misleading testimonials and endorsements. The ACCC said it's "sweeping" more than 100 social media influencers from over 150 consumer tip-offs for ...

Sustainability reporting, biodiversity, social high on ASX agenda

RACHEL ALEMBAKIS  |  FRIDAY, 27 JAN 2023
"Future facing commodities" and the International Sustainability Standards Board (ISSB) accounting standards are the fastest rising topics of discussion in sustainability, while social issues are quickly rising to the fore with ASX-listed companies ...