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Liberal MPs slammed for 'dangerous' super policy

ELIZA BAVIN  |  WEDNESDAY, 16 OCT 2024
... new Women in Super priorities include that every woman retires with an adequate income; better support for women retiring now; fair, equitable and sustainable system - starting with aligning the LISTO to income tax thresholds and indexing it; value and ...

Nobel laureates link economic prosperity to colonialism

JAMIE WILLIAMSON  |  TUESDAY, 15 OCT 2024
... time of colonisation have grown poorer since. This is an important reason for why former colonies that were once rich are now poor, and vice versa, The Royal Swedish Academy of Sciences said. In countries with "extractive institutions" and low economic ...

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
... saw a rise in recreation spending associated with the AFL and NRL Grand Finals, consumer spending overall remains subdued, now growing at just over two per cent for the year," Halmarick said. "It's important to note that the only other spending categories ...

Super Members Council names deputy chief

JAMIE WILLIAMSON  |  MONDAY, 14 OCT 2024
Following a promotion, Georgia Brumby is now deputy chief executive of Super Members Council (SMC). Brumby has been appointed to the role with immediate effect. She has served as executive general manager, advocacy since SMC's creation in October last ...

Macquarie AM reshuffles real assets team

ELIZABETH FRY  |  MONDAY, 14 OCT 2024
... drive success across the platform. James Maydew, who leads the listed real estate team, is stepping into a bigger role as he now leads the newly created global listed real assets team. New York-based Brad Frishberg will continue to look after listed ...

ASX listings dwindle as companies abandon public markets

ANDREW MCKEAN  |  FRIDAY, 11 OCT 2024
... requirements, and greater scrutiny from stakeholders are making the public market less attractive. As a result, many companies now see private markets as a more efficient and flexible way to raise capital, circumventing the challenges of an IPO. This ...

Coller Capital opens PE secondaries fund to Aussie investors

MATTHEW WAI  |  FRIDAY, 11 OCT 2024
... office earlier this year, recruiting former J.P. Morgan Asset Management head of Australia David Hallifax. Hallifax, who is now the head of Australia and New Zealand private wealth distribution for Coller Capital, said the fund has features that meet ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... Australians can continue to aspire to fully self-funded retirement," Tink asserted. Meanwhile, SMSF Association (SMSFA) is now urging the Senate to reject the legislation of a "deeply flawed" tax. "In all likelihood, the fate of this bill now rests in ...

Hamilton Lane debuts private markets infra fund

JAMIE WILLIAMSON  |  THURSDAY, 10 OCT 2024
... to private wealth and institutional investors around the world." Hamilton Lane launched its evergreen platform in 2019 and now has five funds across multiple strategies. The new offering follows the recent launch of the manager's Senior Credit Opportunities ...

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
... added. ASIC determined that Hazell is likely to contravene his obligations as an adviser and, in the interests of consumers, is now banned from providing any financial services, performing any functions as an officer of a financial services business ...