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Carbon transition and MBFID: Is it possible to meet both?

JAMIE WILLIAMSON  |  THURSDAY, 16 JUN 2022
About 70% of delegates to the Australian Institute of Superannuation Trustees' ASI Conference would still acquire new fossil-fuel based assets for the purpose of transitioning them - but is it in members' best financial interests? Polled during a panel ...

Australian firms spend 3.6bn on financial crimes

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
A new study has shown that Australian financial service companies are expected to spend more than $3.6 billion on financial crime compliance in 2022. Yesterday LexisNexis Risk Solutions released the first Australian edition of its true cost of compliance ...

Colonial reveals Australia's huge untapped workforce

ANDREW MCKEAN  |  THURSDAY, 16 JUN 2022
The Colonial First State Unleash Your Second Half report stated Australia has a huge untapped workforce of older Australians who would delay retirement for up to 10 years if they were able to switch careers. Upon investigation, Colonial found a strong ...

Padua launches new adviser tool

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
Padua Solutions has launched a new robo advice generation tool for financial advisers aiming to help significantly cut down turnaround times, lower the cost of advice, and improve client engagement. Padua co-founder Matthew Esler said the tool was designed ...

AIST names Rising Star

JAMIE WILLIAMSON  |  WEDNESDAY, 15 JUN 2022
A TelstraSuper investment analyst has taken home the Australian Institute of Superannuation Trustees' Investment Rising Star Award. Caroline Stuart was honoured on day two of the ASI Conference, with AIST chief executive Eva Scheerlinck describing ...

ASIC helps issuers avoid greenwashing

CASSANDRA BALDINI  |  TUESDAY, 14 JUN 2022
ASIC is helping product issuers avoid being accused of greenwashing, outlining exactly how not to market their offering. A new information sheet comes as demand for sustainable products continues to rise, causing a backlash in greenwashing. ASIC undertook ...

The ongoing evolution of super: Scheerlinck

JAMIE WILLIAMSON  |  TUESDAY, 14 JUN 2022
The Australian Institute of Superannuation Trustees' ASI Conference has returned as a live event for the first time since 2019, with Eva Scheerlinck reflecting on how far the industry has come as it celebrates the 30 th anniversary of the Superannuation ...

AMP bolsters managed portfolios offering

JAMIE WILLIAMSON  |  FRIDAY, 10 JUN 2022
AMP is responding to increased demand for managed account solutions, expanding North's offering as assets under management surpass $5 billion. The proportion of North's AUM held in managed portfolios has increased more than 140% in the past 12 months ...

Padua appoints head of technical advice

CHLOE WALKER  |  WEDNESDAY, 8 JUN 2022
Rudy Haddad has been appointed to head of technical advice overseeing the firm's technical capabilities across its software, services, research and data divisions. With over 23 years' experience in financial advice, Haddad joins Padua from Wealth Market ...

Systemic disadvantages create retirement insecurity: HESTA

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
HESTA has submitted that applying the United Nations Declaration of the Rights of Indigenous Peoples (UNDRIP) principles in Australia would lead to greater certainty and returns for super members. HESTA chief executive Debby Blakey said as a super fund ...