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State supports move to close super loophole exploited by paedophiles

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
... some of these victims is something that must be addressed," Henderson said. "I hope the federal government is listening and now does what it can to ensure child sex offenders are held responsible for compensating their victims with all of their funds ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... of the many sharing economy platforms which allow you to rent out assets or your personal services, take heed. The ATO is now receiving reports from many platforms (including Uber), which it can use to highlight data mismatches," he said. Those who rent ...

Financial advice exodus has 'bottomed out': ClearView

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... created a diversified distribution network with more than 1000 dealer groups, comprised of around 5000 advisers. It said it is now well-positioned to continue to increase its share of new business and broaden its product offerings. From July 2023 to ...

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN  |  TUESDAY, 16 APR 2024
... opportunity management, CRM, and ongoing relationship management. "We've seen hundreds of billions of dollars of new relationships now being managed on Practifi," Johnstone said. Lumiant chief executive Blake Wood, who took over from co-founder Santiago ...

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... held as cash," HUB24 said. "This percentage has been lower over the quarter compared to the average during 1HFY24." There are now 4382 financial advisers using the platform, the total growing 17% year on year. In February, HUB24 launched a prototype ...

Bell Asset Management announces new chief executive

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
... Vanguard prior to his stint in the US. Before his time at Vanguard, Lovett led the creation of Challenger Boutique Partnerships (now Fidante), growing the business from concept to 12 boutiques and $18 billion in assets under management. He also had a ...

Two new ETFs for Franklin Templeton

KARREN VERGARA  |  MONDAY, 15 APR 2024
... fixed income investing to a whole new range of investors who may not have been able to access strategies like these until now." FRGG and FRAR are an offshoot of Franklin Templeton's managed funds. Franklin Templeton managing director and head of ...

WTW to launch dedicated private equity fund

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... and is the culmination of three years of development work. Crucially for end savers looking to grow their wealth, they will now be able to access dedicated private equity exposure through a regulated pooled fund structure, the first of its kind in the ...

AMP executive pay packet shrinks amid simplification

KARREN VERGARA  |  MONDAY, 15 APR 2024
... Also, during 2023, although several long-term incentive plans were performance tested, no payouts were made," she said. AMP is now focused on five areas: banking, platforms, advice, superannuation and investments, New Zealand, and strategic partnerships ...

ESSSuper faces class action threat over unpaid super

ANDREW MCKEAN  |  FRIDAY, 12 APR 2024
... superannuation fund after they failed to include my allowances under the defined benefit scheme." "I worked for over 45 years and to now be forced into legal action so I can retire is devastating." RTBU branch secretary Vik Sharma reinforced the union's ...