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Two more Morningstar staff depart

ELIZABETH FRY  |  FRIDAY, 16 DEC 2022
... "As a result, we agreed with Brad Bugg and Peter Bull that they will leave Morningstar. We wish them all the best for the next step in their careers." Wacher has taken over Bugg's multi-asset role, and Vito Gala, Morningstar's global head of ...

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... exposure draft legislation and explanatory material. Submission responses to this consultation opened yesterday and will close next Thursday.

Vanguard veteran announces retirement

CASSANDRA BALDINI  |  THURSDAY, 15 DEC 2022
... provided many who worked with him the tools to carry that forward. All of us at Vanguard wish Robin every success with the next phase of his life," he concluded.

ETF sentiment continues to grow: BetaShares

CASSANDRA BALDINI  |  WEDNESDAY, 14 DEC 2022
... additional 230,000 are expected to invest in ETFs for the first time, which would see the industry pass two million some time next year. In addition, around 76% of investors intend to increase their allocation in the next 12 months and 32% now use the ...

FPA, AFA merger talks continue

CASSANDRA BALDINI  |  WEDNESDAY, 14 DEC 2022
... complete a survey to help guide the development of a new name for the proposed merged association. The associations said the next step will be separate AFA and FPA consultative member webinars, which will be held in late January. Members can then provide ...

Perpetual welcomes Pendal board members

CASSANDRA BALDINI  |  MONDAY, 12 DEC 2022
... directors Christopher Jones, Kathryn Matthews and Ben Heap to its board. The expected start date for the new directors is January next year once the acquisition and "completion of formalities" are finalised. The financial services firm explained the ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
... requested that all life companies outline any findings in relation to their review of past premium increases by March 31 next year. For those that can't meet that deadline, they must provide an update at the end of February as to the steps being taken ...

Global pension report reveals flight to safety

ELIZABETH FRY  |  FRIDAY, 9 DEC 2022
... any time soon. The survey shows that the global economic slowdown and higher inflation are their two main concerns over the next 12-24 months. More than 40% of respondents expect to increase allocations to real estate and infrastructure assets. They ...

Latest adviser exams see 57% pass rate

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
... contact ACER to request a re-mark of the written response questions. ASIC said this must be submitted by December 14. The next exam will be held on 16 February 2023; enrolments will open in early January and close at the end of the month.

2023 the year for fixed income: Schroders

CHLOE WALKER  |  THURSDAY, 8 DEC 2022
... retail investors," Wood said. "But today, the real risk of recession sets fixed income up to being an outstanding asset class next year in terms of performance. "We've seen a huge repricing of fixed income across the whole universe." In terms of ...