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Funds SA exec jumps ship

ELIZABETH FRY  |  MONDAY, 2 SEP 2024
... taking a short break and initially dividing his time between Melbourne and Brisbane. "I have loved my time with Funds SA, but now is the right time for me to move closer to family interstate," he said. "I wish every success for the organisation and my ...

Too much being asked of super trustees: Levy

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
... Levy said. "It makes almost no sense. We have a system that was set up to invest saving for people's retirements and we are now at a point where we are asking trustees to solve really difficult problems of how people have a safe and secure retirement ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... advocacy, and standards Phil Anderson said there is $135 million in compensation related to Dixon Advisory the advice industry now must pay for under the Compensation Scheme of Last Resort (CSLR). "So seemingly Dixon Advisory did nothing wrong and the ...

All MySuper products pass super performance test

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... platform products failed to meet the test benchmarks. This includes 27 products which have failed for a second time and will now be closed to new members. None of the 398 non-platform products assessed failed to meet the benchmarks. Last year, when the ...

Perpetual chair to leave as $472m loss recorded

JAMIE WILLIAMSON  |  THURSDAY, 29 AUG 2024
... $1.3 billion, up 32%, again in relation to the Pendal integration. Perpetual said the integration is "essentially completed" now, and $81.6 million in synergies have been recognised. The group has commenced a simplification program to deliver cost reductions ...

Longreach hires Channel Capital sales lead, launches advisory firm

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2024
... said: "There is increasing demand for high-quality alternative investment solutions across the region, with particular focus now on the 'alpha' sources within alternative allocations." On the LCA executive team are co-founding partners Sam Edwards ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... On the policy side, Lonsdale said APRA is in a position where it has built up the strength of the prudential framework and now the focus will be on maintaining that strength. "While we plan to have a broad approach focused on adjusting or recalibrating ...

Vale Greg Bright

JAMIE WILLIAMSON  |  TUESDAY, 27 AUG 2024
... Professional Planner, Super Review, and Top 1000 Funds. In 1994, Rainmaker Information launched the Rainmaker Marketing Symposium - now the Financial Standard Marketing, Advertising and Sales Excellence (MAX) Awards - and named Investor Weekly as its ...

Former adviser cops 12 years' imprisonment

KARREN VERGARA  |  TUESDAY, 27 AUG 2024
... won a retrial after being convicted of fraud in 2019. Jayaweera was the director of Growth Plus Financial Group, which is now in liquidation. He was a member of the Association of Independently Owned Financial Planners (AIOFP) board.

Heightened costs push young Aussies to plan ahead: HESTA

MATTHEW WAI  |  TUESDAY, 27 AUG 2024
... "encouraging". "It's encouraging to see younger Australians actively planning for their retirement because even small changes made now can have a big impact down the track," Blakey said. "For many young Australians, super will be their biggest financial ...