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Boards must crack down on cybersecurity: ASIC

CASSANDRA BALDINI  |  TUESDAY, 19 SEP 2023
... so could result in non-compliance with regulatory obligations. ASIC chair Joe Longo said cybersecurity and resilience are not merely technical matters on the fringes of directors' duties. "ASIC expects directors to ensure their organisation's ...

Older Aussies are retirement illiterate: Survey

KARREN VERGARA  |  TUESDAY, 19 SEP 2023
Australians are pension-phase illiterate and blame the complex superannuation system for not understanding the basics about retirement, a new survey shows. A whopping 70% of 50-year-olds and over canvassed by AMP do not understand what an account-based ...

Aussie investors tighten purse strings: Survey

CHLOE WALKER  |  TUESDAY, 19 SEP 2023
... shown increased interest in bonds, ETFs, and managed funds. Meanwhile, only about 41% of Australians own an investment that is not super, a savings account or the primary home they live in, a slight decline from 47% last year. "It's clear from our ...

Responsible investment AUM drops: RIAA

RACHEL ALEMBAKIS  |  MONDAY, 18 SEP 2023
... between response rates on integration and corporate engagement and stewardship feels like a relationship between the two, not just one but both."

Family offices feeling optimistic about 2024

CHLOE WALKER  |  MONDAY, 18 SEP 2023
Hopes are high for global family offices as Citibank's latest report records overall optimism for the next 12 months, notwithstanding concerns about inflation and geopolitical strife. According to Citibank's Global Family Office Survey Insights 2023 ...

Australia sees modest uptick in HNWIs: Study

CHLOE WALKER  |  MONDAY, 18 SEP 2023
... now at its highest in the three years it has been sponsoring this research. However, the three key reasons HNWIs given for not seeking advice were that they prefer to only seek advice when they need it; can manage their own financial affairs; and lack ...

The Wealth Designers in expansion mode

KARREN VERGARA  |  FRIDAY, 15 SEP 2023
... when he started his own advice firm. Two decades later, the partnership has come full circle, MacMillan said, as Canion is not only highly regarded in the industry, but joining forces made sense as he shares the same values and ethos. Canion is based ...

BNP Paribas reappointed as custodian for wealth platform

ANDREW MCKEAN  |  FRIDAY, 15 SEP 2023
BNP Paribas' Securities Services will remain custodian for HUB24, the platform rapidly gaining market share. As part of the renewed mandate, BNP Paribas will extend its local and global custody services to HUB4, continuing a partnership that began ...

Perpetual shutters innovation fund, Pendal funds

JAMIE WILLIAMSON  |  THURSDAY, 14 SEP 2023
... Limited (PIML), said it is in the best interests of investors to close and wind up the fund, saying the decision is due to it not attaining and not being expected to attain the scale required to remain viable. As such, the active ETF of the same name ...

SG Hiscock starts distributing small cap fund

CASSANDRA BALDINI  |  THURSDAY, 14 SEP 2023
... Fund holds between 100 to 150 companies and will be distributed to the Australian market by SGH. The firms said the fund does not use pre-set sector or country weightings, allowing the portfolio manager to follow the momentum factor within the risk management ...