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Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... vast majority of that ($2.3 million) going to the CFMMEU - prior to the Mining and Energy Union withdrawing from what's now the CFMEU in December 2023. The data comes as APRA deputy chair Margaret Cole said the regulator would be looking more closely ...

Qantas Super lowers investment fees, updates cash option

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
... that superannuation returns are subject to, Qanats Super told members. "As a result of this change, the Cash option objective now aligns to how Qantas Super's other investment option objectives incorporate superannuation tax," the super fund said. ...

Global equity, AREIT managers biggest underperformers: S&P Dow Jones

KARREN VERGARA  |  TUESDAY, 29 OCT 2024
... "In Australia the bulk of investor inflows into exchange-traded funds are continuing to be directed into index funds, which now account for more than 91% of total Australian ETF industry assets," he said. "We estimate there are now over 400 index funds ...

MUFG brings Proxymity to Australian clients

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... Australia. The partnership means that clients of MUFG Corporate Markets, a division of MUFG Pension & Market Services, can now receive custodial votes in Australia through Proxymity's digital-native platform allowing the delivery of AGM announcements ...

Advisers must prioritise Conflicts Priority Rule: AFCA

KARREN VERGARA  |  MONDAY, 28 OCT 2024
... product provides additional benefit to the consumer. And we have been seeing, we've got a number of determinations issued now, where we're just seeing that that isn't being adequately done. There's no real explanation of why the related-party ...

$3.5tn wealth transfer scares Aussie advisers: Natixis

MATTHEW WAI  |  MONDAY, 28 OCT 2024
... advisers operate their practices in unpredictable ways," Watson said. "What's clear is that Aussies still need an adviser now more than ever, and keeping the family involved is key." The survey also found that 65% of advisers have been asked by their ...

MLC AM awards listed property mandate

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... managed 30% of the global listed portfolio strategy while Canadian REIT specialist Presima took care of 25%. Cohen & Steers now oversees 60% of the portfolio while Resolution Capital's 45% share has been reduced to 40%. MLC told investors: "We believe ...

Major global trends impacting advisers

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
... 21.3% of advisers planning to do so in the next 1-2 years (slightly up from the global figure - 18.7%). Schroders said it is now regarded as a core component of portfolio construction for wealth investors. Schroders Capital chief executive Georg Wunderlin ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... has been recommended as part of the provision of financial advice, is a critical service provided to clients. This relief now provides certainty to enable financial advice businesses to rely upon the FSG reform in the DBFO Bill," he said. The FAAA has ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
... care of their loved ones," Cupitt continued. "Australians have made it clear. They want these changes, and they want them now more than ever." The Association of Superannuation Funds of Australia (ASFA) also wants to see the reforms passed swiftly, with ...