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FundBase to launch platform for retail access to private markets

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... looking to raise funds can be a part of and where every retail investor looking to diversify into private markets can find a home." Fellow FundBase co-founder Richard Mulligan said the platform would provide a new funding option for venture capital managers ...

ASIC bans adviser fraudster found with child abuse material

ANDREW MCKEAN  |  WEDNESDAY, 29 JAN 2025
... the rightful beneficiary. A complaint was eventually made to police, leading to Cubilla's arrest. When officers raided his home, however, they seized a hard drive, which forensic analysis revealed contained three downloaded files with 56 images of child ...

WA best performing state, but economic growth lags

MATTHEW WAI  |  TUESDAY, 28 JAN 2025
... (7.0%), Victoria (5.9%), NSW (5.8%), and Tasmania (5.3%). WA was however strongest for retail spending, employment market, home lending, population growth, and dwelling starts (driven in part by population growth and home lending). Looking ahead, the ...

How much is needed to maintain your standard of living in retirement?

ANDREW MCKEAN  |  FRIDAY, 24 JAN 2025
... savings targets to help Australians work out how much they'll need to save for a lengthy retirement, provided they own their home outright. For single retirees aged 65 planning to spend at a "mid-level" - $1650 per fortnight or $43,000 per year - SCA ...

Entireti appoints chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 23 JAN 2025
... months. McCarthy spent close to 16 years with AMP in various partnership manager roles across its licensee network. Entireti is home to Fortnum Private Wealth and Personal Financial Services, as well as the recently transitioned AMP licensees. These ...

Ethical investment holdings double: CoreData

ANDREW MCKEAN  |  TUESDAY, 21 JAN 2025
... personal income of $100,000 to $150,000 - to HNW investors with portfolios over $1 million, excluding superannuation and the home they live in. In the final quarter of 2024, around one in five investors surveyed reported holding ethical and/or sustainable ...

Coalition members call for superannuation guarantee reform

ANDREW MCKEAN  |  FRIDAY, 17 JAN 2025
... called for reforms that would give workers the choice to limit their superannuation guarantee (SG) - to receive higher take-home pay. National Party senator Matt Canavan said the Coalition should consider giving workers more control over their superannuation ...

Why more women aren't in financial services

ELIZA BAVIN  |  FRIDAY, 17 JAN 2025
... things," the spokesperson said. "The reality is, most companies still want people to work five days a week, whether it is from home or in the office. That is what it comes down to. "The frustration is that there is a big demand for females, but the knock ...

CEFC invests $100m into affordable housing strategy

ROSE MARY PETRASS  |  THURSDAY, 16 JAN 2025
Canberra's green bank has invested $100 million in AXA Investment Managers Alternatives' build-to-rent strategy providing affordable homes for essential workers. The investment brings the Clean Energy Finance Corporation (CEFC) total commitment to residential ...

The highest paying jobs in financial services: Data

ELIZA BAVIN  |  THURSDAY, 16 JAN 2025
... executives within large businesses can expect an average salary of $400,000 and chief financial officers within SMEs will take home an average salary of $337,500. In the funds and wealth management space, a head of distribution can expect an average ...