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| | | Robo-adviser Stockspot received a $28 million funding boost from a global fund manager that will see it expand its capabilities in the precarious digital advice landscape. Mirae Asset Global Investments announced its "major strategic investment" in ... |
| | | | Pacific Equity Partners (PEP) will finance Household Capital, a reverse mortgage lender, to address the retirement funding and housing needs of senior Australians. PEP is investing in a financing layer of Household Capital's funding structure, alongside ... |
| | | | The UK Treasury has announced plans to consolidate the nation's pension fund sector and unlock £75 billion in retirement savings to back high-growth companies. Yesterday, Chancellor Jeremy Hunt delivered the Mansion House reforms and cited plans ... |
| | | | Too many asset managers are disregarding liquidity risks and are unprepared in the event of mass redemptions, a review by the Financial Conduct Authority (FCA) finds. The UK regulator found that many authorised funds dismiss their liquidity management ... |
| | | | ... cover is going down for those aged 35-49 across all categories. However, all members over the age of 50 will see increases, save for a 2c drop in the unit price of death cover for non-manual and professional workers. Manual workers will see a 17c increase ... |
| | | | Cath Bowtell will become IFM Investors' new chair, as former politician Lindsay Tanner joins the board as an independent director. Bowtell, who currently serves as the group's deputy chair, chair of the people and remuneration committee and ... |
| | | | The superannuation gender balance gap has slightly worsened, fresh Australian Taxation Office (ATO) figures reveal, as it crawls toward 21%. During the 2021 financial year men's super balance held $189,892, while women had 21% less on average at $150,922. ... |
| | | | ... financial advisers generate the same set of reports for potentially all financial advisers' clients at once. The feature will save advisers and their teams time, particularly during a busy period such as at year-end or when annual reviews are conducted ... |
| | | | ... deserve their share in the universal saving system. "Being a gig worker shouldn't mean you miss out on the opportunity to save for a decent nest egg at retirement," he said. |
| | | | ... take effect on October 1. The news comes after the firm announced it would reduce its global workforce by 10% this year to save on costs amid a lack of deal activity. |
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