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The unprecedented economic forces shaping the world

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... believes unprecedented economic forces will change the investment climate in the coming decades. Shvets forecasts that the next decade will be different from previous ones, saying the economic climate could be more comparable to the 1930s due to the ...

Australia leads the way in pension system sustainability: ASFA

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... long-term sustainability. The average OECD government spend on pension payments will rise from 9% to 14% of GDP over the next four decades. "Globally, pressures on fiscal sustainability are building and many countries in the OECD face politically challenging ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... Milford Australia and Octopus Australia. It currently has about 40 funds in the pipeline too, with expected launching in the next six months. Superannuation Trustee Services had revenues of $11.3 million. It also saw a 4.2% increase in super members ...

California to mandate personal finance studies

KARREN VERGARA  |  TUESDAY, 21 FEB 2023
... an additional US$1.4 million for their own professional development, which will be provided by California-based non-profit Next Gen Personal Finance (NGPF). State Superintendent of Public Instruction Tony Thurmond said that this is "a great public-private ...

Allianz Retire+ launches new retirement income solution

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
... provision of retirement planning for advisers. Allianz Guaranteed Income for Life (AGILE), available in early March, is a next-generation retirement solution delivering a guaranteed income for life. The solution provides full advice platform integration ...

Cushman & Wakefield adds to local leadership

CHLOE WALKER  |  FRIDAY, 17 FEB 2023
... strategic hiring and organic growth. "We now have a full-service integrated platform which I am sure Guy will take to the next level," Bouw said. "We will always have a strong bias for promoting high performing talent like Guy into important leadership ...

Australian Retirement Trust, AvSuper sign merger MoU

JAMIE WILLIAMSON  |  WEDNESDAY, 15 FEB 2023
... the best interests of members being the key deciding factor. We will keep our members, staff and partners informed of the next steps, providing regular updates via webinars and newsletters just as we have so far." AvSuper had planned to merge with CSC ...

I know it's hard, but it could be harder: Lowe

CASSANDRA BALDINI  |  WEDNESDAY, 15 FEB 2023
... that people say, 'Inflation is 7.8% so I need a 7.8% pay rise'. If that happens then inflation is going to be high next year and we're back in a nasty world," he said. "We don't really see evidence of that occurring. We think that the ...

bfinance completes management buyout

CHLOE WALKER  |  WEDNESDAY, 15 FEB 2023
... with bfinance's unique competitive positioning, offer a tremendous opportunity create even more value for clients in the next phase of growth. "We thank our clients and team for their ongoing support as we continue with our mission of building the only ...

Reporting season may prove dramatic: UBS

CASSANDRA BALDINI  |  TUESDAY, 14 FEB 2023
... Insurance Australia Group -4.2%, AMP 7.1%, Australian Securities Exchange (ASX) -23.0% and QBE Insurance 4.0%. "Over the next week, another 30% of companies are due to report, and thus a more fully formed picture will begin to emerge," explained Schellbach. ...