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CFS, Viridian Advisory launch low-cost advice deal

KARREN VERGARA  |  MONDAY, 4 NOV 2024
... covers 12 months' access to Otivo's digital advice, with the option to renew. "Our easy-to-use advice platform can now guide CFS members in choosing the right investments, maximising contributions including lump sum payments and salary sacrifice ...

Most influential financial advisers revealed in FS Power50

ANDREW MCKEAN  |  MONDAY, 4 NOV 2024
... Standard has recognised the most influential financial advisers in Australia in its annual FS Power50 list. The Power50 list, now in its 11 th year, comprises 50 financial advisers who are deemed to be best promoting the value of the financial advice ...

Westpac profits drop as it prepares for leadership change

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... said while the class action filed against BT Financial Group, Westpac Securities Administration and Westpac Life Insurance (now known as TAL Life Insurance) in October 2023 reached a settlement in September 2024, it still requires approval from the court. ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... concentration and growing cost of living pressures are impacting the economy and consumers," Cass-Gottlieb said. "We have now reached a significant milestone in the merger reform journey following the introduction of the merger reform bill to Parliament ...

GROW Inc. chief executive steps down

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2024
... Citibank, and Platinum. Having just finalised the transition of Australian Ethical on to its platform, Keeley said he feels now is the time to appoint a non-founder chief executive. In a note to GROW employees, Keeley said: "I have always believed a ...

Cbus names chief strategy officer

ELIZABETH FRY  |  FRIDAY, 1 NOV 2024
... industry super funds remain competitive, protected the founding principles of super, and boosted member savings. Dean devised the now-famous fox and henhouse ads which were designed to sway consumers away from bank-owned funds and influence government ...

Future Fund delivers strong 11.9% return

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... 10-year return of 8.2% per annum, outperforming its target of 6.8%. Future Fund added that the Housing Australia Future Fund is now fully invested. Future Fund chief executive Raphael Arndt said it was a strong result which adds to the Future Fund's ...

Warakirri terminates Flinders fund

MATTHEW WAI  |  THURSDAY, 31 OCT 2024
... last year, and in October this year... Each time it's bounced quite well and looking like it's doing the same thing now as after each of those previous lows," Macdougall said. "If confidence in the earning outlook improves and investor confidence ...

Cbus implements senior redundancies

ANDREW MCKEAN  |  THURSDAY, 31 OCT 2024
... investment leadership and broader investment team remain unchanged. Financial Standard understands that a consultation period has now commenced, with applications for new roles set to open soon. The proposed restructure is to create 16 additional positions ...

UniSuper offers plenty to like, says Morningstar

ANDREW MCKEAN  |  WEDNESDAY, 30 OCT 2024
... UniSuper's culture hasn't been immune to competitive pressures to retain key talent, with the fixed interest team, now under the leadership of seasoned David Colosimo, following the departure of Rob Hogg, Morningstar said. Regarding performance ...