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March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... Evans said. However, VanEck portfolio manager Cameron McCormack expects the RBA to increase rates by 25 basis points at its next meeting. "The RBA is clinging to the hope that the labour market will begin to soften this year as higher interest rates ...

Insignia reports advice outflows, adviser losses

JAMIE WILLIAMSON  |  WEDNESDAY, 26 APR 2023
... inflows were $660 million, Insignia said. "We continue to invest in and enhance our proprietary Evolve platform ahead of the next phase of simplification, while enhancements to the ANZ Smart Choice Super product suite demonstrate out focus on process ...

Lonsec nabs Franklin Templeton sales director

CHLOE WALKER  |  MONDAY, 24 APR 2023
... its managed accounts offering have both expanded. "We are excited about Marc joining the business to help take them to the next level," he said. Commenting on his new role, Hraiki said: "I am thrilled about the prospect of joining Lonsec and being a ...

Industry fund merger advances

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... creating a sustainable fund which protects and promotes the interests of workers in the mining and transport industries." The next phase of the merger will concentrate on strategic planning and implementation to ensure a smooth transition to the consolidated ...

Iress unveils major restructure, new leadership

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... and market data, and superannuation clients by reinvesting in core software solutions, it said. This includes developing "next-generation" advice technology to address the growing unmet advice need in Australia, exploring data and AI opportunities, and ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... central banker Carolyn Wilkins. They have suggested the changes that require legislative reform be implemented from July next year, while those that do not should be implemented this year. In response, Lowe said: "I have thought for some time that there ...

GAM, Liontrust in merger talks

JAMIE WILLIAMSON  |  WEDNESDAY, 19 APR 2023
... acquisition would be completed," it said. GAM's share price rose on the back of the news. GAM is to deliver its full-year results next week. In January, it said it expects to report an underlying loss pre-tax of $70.9 million. In the prior corresponding ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... various parties about the content of the report, which contains 51 recommendations, before it is released sometime in the next few weeks. Already conferring with RBA governor Philip Lowe, he will call upon his colleagues, the Opposition and the crossbench ...

Brighter Super forges ahead with SFT

KARREN VERGARA  |  MONDAY, 17 APR 2023
... superannuation business, which was acquired in April 2022. The group is forecasting to manage $60 billion in assets over the next few years. Brighter Super won Money magazine's Best of the Best Award in 2023 for Best-value MySuper product. The group ...

Princeton endowment fund chief to retire

CHLOE WALKER  |  MONDAY, 17 APR 2023
... goal for the year ahead is to sprint through the tape, and to make sure that Princeton is positioned for success over the next 25 years." Golden will officially retire on 30 June 2024. A search for Golden's successor will be conducted over the coming ...