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AustralianSuper engages TAL to create retirement option

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... 'income for life' retirement option. The engagement extends a longstanding partnership between TAL and AustralianSuper to now support members' financial choices in retirement. AustralianSuper's chief retirement officer Shawn Blackmore said the new ...

Brighter Super signs David Koch as ambassador

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... Media, a content creation company he founded in 2005. In 2018, Koch partnered with the Association of Financial Advisers - now Financial Advice Association Australia - on a consumer event promoting the value of financial advice.

Perpetual, Pendal combine multi-asset capabilities

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... experience of both the Perpetual and Pendal multi asset teams." Blayney was portfolio manager of 11 funds, of which O'Dea will now assume responsibility for 10. These are the Pendal Active Balanced Fund, Pendal Active Conservative Fund, Pendal Active ...

ASIC ends legal battle: Provide Capital's appeal quashed

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
The Federal Court has dismissed an appeal by Provide Capital; it must now comply with a notice issued by ASIC to produce documents and pay the regulator's legal costs. ASIC had previously served a notice on Provide Capital to produce documents as part ...

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... liquidators have racked up more than $5 million dollars in fees, they subjected me to seven days of public examinations, and now they relinquish the vast majority of the assets they once asserted ownership of. This is a grave injustice for IPO Wealth's ...

Government dawdling on paid parental leave super: Greens

ANDREW MCKEAN  |  MONDAY, 18 MAR 2024
... until 2025," she argued. "They've been dragging their feet on all things PPL throughout their first term of government, and now they want women to wait until after the next federal election to get super paid on it." Previously, minister for finance ...

Advised investors spurring SMSF rebound

ELIZA BAVIN  |  MONDAY, 18 MAR 2024
... across generation X, millennials and the interwar generation all fell sharply year on year, raising the possibility some are now serviced by advisers or via other superannuation funds. Overall trading volumes among SMSFs were subdued over the year as ...

Advisers flock to managed accounts, but are very selective

ELIZA BAVIN  |  FRIDAY, 15 MAR 2024
... accounts. The proportion of advisers using them has more than tripled from 18% a decade ago to an equal record high of 56% now. A further 19% of advisers are potential users, taking the total possible reach in coming years to 75%, the report said. In ...

Selfwealth expands leadership team

JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2024
... development showcase her expertise in enhancing customer experiences across well-regulated entities." Cameron McDonald is now chief technology officer; he had previously been consulting after wrapping up nearly 10 years with Helia and has been acting ...

FAAA calls on ATO to provide clarity over advice fees

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... advice and accounting professions were hoping for more clarity on the issue. "The key point is that fees on upfront advice are now deductible to the extent that they relate to tax advice, and we are continuing to push for a broader interpretation of ...