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New platform launches for high-net-worth families

ELIZA BAVIN  |  FRIDAY, 24 MAY 2024
A new platform has launched in Australia today for high-net-worth families, to assist them in organising intergenerational wealth transfers. HeirWealth is a family wealth platform that aims to address challenges that individuals, families and professional ...

TCorp reorganises investment team

JAMIE WILLIAMSON  |  THURSDAY, 23 MAY 2024
In pursuit of a new operating structure and "simpler portfolio environment", TCorp has created four new investment roles and will farewell its head of portfolio construction and head of portfolio delivery. The investment partner of the New South Wales ...

Family offices up active management, eye generative AI: UBS

ANDREW MCKEAN  |  THURSDAY, 23 MAY 2024
... up from just 12% in 2022, and plan to maintain this level in 2024. "The shift towards developed markets fixed income does not surprise me because we have owned little to no fixed income over the past 10 to 15 years. With the increase in interest rates ...

Major themes to watch in the ETF space

ELIZA BAVIN  |  THURSDAY, 23 MAY 2024
... "Defense Technology is something that we're interested in through our offshore teams. Another one is US infrastructure. But not the infrastructure assets themselves. We're looking at the picks and shovels that go into the build of that infrastructure." ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... while avoiding the negative impact on start-ups as well as avoiding exacerbating wealth inequality," she said. "People who are not already wealthy would still be able to invest in the highest growth asset class as long as they've completed a certification ...

ASIC issues experienced pathway guidance

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... ASIC's guides states. An existing provider who intends to continue to provide personal advice from 1 January 2026 and who does not meet the qualifications standard on that date except through the experienced provider pathway will need to make a declaration ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... household disposable income forecasts. "Currently households are choosing to save, rather than spend, with the opportunity cost of not saving currently elevated due to high interest rates," Allen said. "We agree that the consumer is a risk to the policy ...

Financial services firms concerned about attracting staff

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... company may struggle to source skilled employees, and while inadequate salaries is the main concern for office workers, it is not the biggest factor for employers. The research found that those in the finance and accounting industries were the most worried ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... the supply side instead of pulling on the demand lever, especially for first homeowners. "It doesn't work and it's not fair." Delahunty added that she feels "our generation has done a disservice to the youth," lamenting that we're now having ...

Industry fund merger postponed

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... the super funds announced that their merger to form TEAM Super has been rescheduled from early 2024 to early 2025. They did not offer an explanation for the delay. Nevertheless, Mine Super chair Christina Langby and TWUSUPER chair Nick Sherry said that ...