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| | | Net Zero Economy Agency chair Greg Combet is set to replace Peter Costello as chair of the Future Fund, commencing mid-year. At a press conference in Canberra, treasurer Jim Chalmers said the appointment of Combet, who only recently relinquished his ... |
| | | | ... Advisory, the model is expected to be implemented by July with advisers reportedly embracing the equity participation idea. Though, Insignia did lose many advisers in the quarter. While it was primarily due to the sale of Millennium3, which saw more ... |
| | | | ... declining real wages. Inflation eased to 5.4% in the third quarter of 2023, down from 7.8% in the fourth quarter of 2022, though it remains above the Reserve Bank of Australia's (RBA) target range of 2-3%. In response, the RBA has significantly tightened ... |
| | | | The UK's Pension Protection Fund named a new chief executive, formerly on the executive team at PSP Investments. Michelle Ostermann will succeed Oliver Morley as chief executive of the $62.8 billion fund, which oversees the defined benefit entitlements ... |
| | | | ... in the last two years. "Our data shows a staggering 40% struggled to pay their mortgage in December," Cooke said. "Even though inflation is falling, I expect the RBA will hold the cash rate for most, if not all of 2024." Pathfinder Consulting managing ... |
| | | | ... after 24 years at the fund. At an Investment Committee meeting, Ailman revealed his intention step down from the position, though he'll serve as an advisor to his eventual successor for the remainder of 2024. The board is forming a committee to immediately ... |
| | | | With roughly two-thirds of its assets under management now held in retirement or related accounts, T. Rowe Price is establishing a team dedicated to the development of new products and services for the space. T. Rowe Price said the business unit will ... |
| | | | ... increased interest rates and cost of living pressures, with complaints involving financial hardship also significantly higher." Though there were also rises in complaints about other financial products including banking and finance, insurance, investments ... |
| | | | ... investments in the option have surpassed return targets, meaning higher performance fees were charged by external managers. "Though the performance fees are higher, it means these investments have added value to members' accounts overall," Hostplus ... |
| | | | ... registration for a certain period were "interesting, simply because it walks and quacks a lot like a ban". "It is technically though, not a ban," he said, pointing to ss 920A & 920B Corporations Act 2001 which gives ASIC more extensive banning orders. ... |
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