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Tyndall AM head of Aussie equities to retire

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... success for the future." Tim Johnston will take over as head of Australian equities, promoted from his current role as deputy. Now, Johnston will oversee the 10-person investment team and will also become co-portfolio manager for Tyndall's flagship ...

Cbus lacks stringent director, expenditure policies: Deloitte

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... released Deloitte's findings to the public yesterday. In all, Deloitte has made 26 recommendations, which Cbus says it will now work on developing an action plan to address, as required under the licence conditions applied by APRA. One of the key ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... Starting from next year, we'll be publishing data about complaints received by individual firms. "It is crucial that firms act now to address any gaps in IDR reporting processes, because we will publish the data as it is reported to us." Kirkland said ...

BlackRock makes US$12bn acquisition

MATTHEW WAI  |  WEDNESDAY, 4 DEC 2024
... decade and beyond. "My partners and I are energised to work with Larry Fink and our new BlackRock colleagues." "With GIP, and now HPS, we are expanding our private markets capabilities across our comprehensive global platform," Fink added. "These capabilities ...

Keystone Asset Management to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2024
... the ADPF against the value of the assets of the ADPF" and "investor funds may have been misapplied." ASIC added that it is now aware that Venture Egg, a Melbourne-based financial advice business that advised clients to invest in Shield, has written to ...

The sensitive conversations advisers shy away from

KARREN VERGARA  |  TUESDAY, 3 DEC 2024
... much more alive to it than we ever have been before," Lewis added. "I think the government criminalising [coercive control] now really shows everyone, as a community, needs to be looking out for this from an early point."

Dividends to be down in FY25: Equity Trustees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2024
... earlier," Thompson said. "The ASX200 index concentration in banks and resources means that earnings-per-share growth for FY25 is now likely to be flat to down on FY24 with modest growth anticipated in FY26." Thompson said domestic GDP growth is expected ...

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
... super with the fund after they leave the public service have been passed. Changes to the State Superannuation Act 2000 have now been passed by both Houses of Western Australia's Parliament, benefiting the 250,000 current and former public sector workers ...

AMP completes advice licensees sale

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... unveil a revamped leadership team. Some 950 advisers across AMP Financial Planning, Hillross, and Charter Financial Planning now have a new home at Entireti and AZ NGA. The group, including Jigsaw, is temporarily known as NewCo as the new owners work ...

Geopolitical tensions create investor opportunity: Franklin Templeton

ELIZA BAVIN  |  MONDAY, 2 DEC 2024
... according to a new paper from Franklin Templeton. These geopolitical pressures, comparable in impact to climate change, are now immediate, direct, and global in reach, shaping policies and influencing investment returns, Franklin Templeton Institute ...