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Realindex Investments marks 15 years with rebrand

JAMIE WILLIAMSON  |  THURSDAY, 29 FEB 2024
... strong performance." The manager was established in 2008, with the rebrand coinciding with its 15 th birthday celebrations. It now has $28.7 billion in assets under management and 17 team members. "Over the last 15 years, our team and processes have ...

HNWI collecting activity stoops: Knight Frank

CHLOE WALKER  |  THURSDAY, 29 FEB 2024
... bottles that lost significant value in 2023 will return through the next two years as they are simply so scarce, and right now at least, so undervalued." Elsewhere, HAGI founder Dietrich Hatlapa said that while the value of the HAGI Top Index was up ...

Bloom Impact, MSC pulled up for greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 29 FEB 2024
The now-defunct app-led climate impact fund is the latest entity to cop a fine for greenwashing from the regulator. Melbourne Securities Corporation (MSC) has paid $13,320 to comply with an ASIC infringement notice relating to allegations of misleading ...

Stage 3 tax cuts pass Senate

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... automatically take effect on July 1. The Albanese government said the amendments were made due to the cost of living crisis. Now, everyone will benefit from a tax cut, it said. However, those earning over $180,000 will see their promised tax cut reduce ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... Delahunty. "Legislative constraints introduced in 2019 have created a situation where many Australians, including young people, are now without insurance cover, with the near complete lack of default TPD cover for those aged under 25 a concerning issue ...

Vanguard Super hits $1bn, soft launches pension product

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... to build out the offer and we're successfully doing that; we're going about our business. It's not about right now or the next year, it's about the next 10, 20, 30 years that we're trying to set ourselves up for," Shrimski said. "On ...

DASS settlement pending court approval, victims urged to claim

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... external administration. It is unlikely Dixon Advisory will remain a member of AFCA after 8 April 2024. It is therefore probably now or never for the remaining SMSFs who have not yet lodged complaints." The CSLR officially opens on April 2. Jo-Anne Bloch ...

Super assets reach $3.7tn

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... their money, growing 15% year on year. Retail super funds' AUM grew at a slower pace of 8% to reach $713 billion. There are now 108 APRA-regulated entities with more than six members, dwindling down from 116. There were 614,705 SMSFs at the end of December ...

TelstraSuper sweetens parental leave policy

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
The superannuation fund is working to close the gender super gap among its employees, now paying the full-time Superannuation Guarantee to staff who return from parental leave on a part-time basis. As it stands, TelstraSuper offers 16 weeks' paid parental ...

Super funds captivated by equities: Research

KARREN VERGARA  |  TUESDAY, 27 FEB 2024
... and as a result financial markets have remained supported by interest rates which appear also to have peaked, at least for now, in most countries." Gao warned that the pensions industry is facing increased oversight from regulators. "Government influence ...