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Market momentum to continue: ASI Conference

ANNABELLE DICKSON  |  TUESDAY, 31 AUG 2021
... Austin agreed but stressed the importance of the time frame in which this could happen. "It's not going to happen in the next 12 months. This is years out because to get a strong embedded inflation you need strong wage pressure," she said. "We still ...

Results out: 13 funds fail YFYS performance test

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
... products that failed the test now face an important choice: they can urgently make the improvements needed to ensure they pass next year's test or start planning to transfer their members to a fund that can deliver better outcomes for them," APRA ...

Financial adviser levy to drop

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... The federal government has announced the ASIC levy paid by financial advisers will revert back to 2018/19 levels for the next two years, saving the sector at least $46 million. The levy will be restored to $1142 per adviser, as was charged in 2018/19 ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... MySuper option achieved 6.6%. Conceding that his fund has still failed the performance test, and will probably do so again next year, Robertson said: "I've got no problem with the regulator; they're just enforcing the rules as they are. My issue ...

Cbus changes insurance premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
... criminal act, or service in the armed forces of any country. Cbus is also working to extend these changes to Sole Trader members next year. In the three years to June end, on average 96% of TPD claims and 100% of death claims were paid, according to ...

Funds management staff want remote work: Research

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... since January 2020. On a brighter note, 75% of investment professionals are confident their jobs will be secure over the next 18-24 months. "Investment jobs have been resilient during the COVID disruption and Australia is no different. Just 10% of professionals ...

Industry steps up for Lifeline

ELIZABETH MCARTHUR  |  THURSDAY, 26 AUG 2021
... highest volume of calls in its 58-year history. Wealth manager Crestone will support the Berry Motorfair when it goes ahead next year and has made a significant donation to Lifeline. Crestone's Ross Pooley and Kent Hindmarsh said that there is nothing ...

The next 20 years in Aussie ETFs

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... State Street does in Australia, most notably for the country's first ETF STW, and SFY that turns 20 on Friday. As the next big themes for ETFs, Macdonald counts semi-transparent ETFs and thematic ETFs. "Essentially, ETFs have been passive, but the ...

Future Fund boasts 22.2% returns

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
... target of 6.1% p.a. The majority of the fund's assets is allocated to equities - domestic (8.5%) and global (18.2%). Its next largest holdings are in private equity (17.5%) and alternatives (13.5%). Deputy chief investment officers Wendy Norris said ...

AustralianSuper appoints head of equities

KARREN VERGARA  |  THURSDAY, 26 AUG 2021
... to be leading the AustralianSuper's equities team which is expected be managing a portfolio more than $200 billion in the next three years. "We have a fantastic internal team of investment professionals together with some outstanding external partners. ...