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Australia among top 10 financially inclusive markets: Research

CASSANDRA BALDINI  |  THURSDAY, 27 OCT 2022
... developing economies fell toward the lower end. The findings suggested financial inclusion may be a powerful indicator of next-generation capital wealth markets and found a correlation between high-scoring countries performing well in other social factors. ...

Vanguard appoints chief financial officer, dumps brokerage fees

CASSANDRA BALDINI  |  THURSDAY, 27 OCT 2022
... Johanna for all that she has done for Vanguard's Australian business and wish her every success as she looks towards her next career challenge." The appointment is followed by Vanguard's decision to eliminate its brokerage fee for ETF purchases. ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... blamed its predecessor for inheriting a budget burdened by $1 trillion in gross debt and deficits projected for at least the next decade. Consequently, new fiscal policies have largely been offset for this year and the next. "We face growing pressures ...

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
... 11 areas that each life insurer's policy might cover and were developed with consumer advocates. Specifically, from July next year, the new Life Code will require life insurers to develop and publish their policy on supporting people experiencing family ...

CountPlus appoints group head of people and culture

CASSANDRA BALDINI  |  MONDAY, 24 OCT 2022
... (CountPlus) has appointed a new group head of people and culture in Raelene Hinchliffe. Hinchliffe will officially start next January and will bring significant financial services experience to the role. She has previously held senior human resources ...

4.3m Australians invest responsibly: Report

CASSANDRA BALDINI  |  MONDAY, 24 OCT 2022
... Australians are investing responsibly and the figure is set to rise, with 34% expecting to increase their allocation in the next five years. Netwealth further stated that 66% of Australians are considering responsible investing for various options, 61% ...

Colonial First State partners with Bravura, Tech Mahindra

CHLOE WALKER  |  MONDAY, 24 OCT 2022
... platform, entering a strategic partnership with Bravura Solutions and Indian IT company Tech Mahindra. The partnership marks the next stage of its ongoing $430 million transformation project, with this step aimed at turning FirstChoice into a digital-first ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
... modeling shows if a member on the median wage with a balance of $50,000 stayed with one of the poorest performing funds for the next decade they could be approximately $25,000 worse off. If a 30-year-old was stapled to one of these dud funds for the ...

Former AUSIEX chief to join Investment Trends

CHLOE WALKER  |  FRIDAY, 21 OCT 2022
... the insights and value that Investment Trends can deliver to its clients and am very excited to lead the business in its next phase of growth." Meanwhile, as advisory board chair, Brennan focus on strategy and partnerships while also supporting Blewitt ...

Charter Hall hires REIT vet

CHLOE WALKER  |  FRIDAY, 21 OCT 2022
... has also held REIT tenures at AMP Capital and Deutsche Asset Management. Sammut, who will step down from the Maxim business next year, will assist with a smooth transition over the coming months as Ferguson assumes this leadership role, working alongside ...