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Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
The terms of a $44 million legal settlement reached between Mayfair 101, James Mawhinney and the liquidators of IPO Wealth Holdings have been released to the public. In July 2022, Mayfair 101, its managing director James Mawhinney, and the liquidators ...

ASFA Retirement Standard hits record high

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
... executive Mary Delahunty said. "Fortunately, we are seeing price increases in the key categories that make up retiree budgets - home and content insurance, fruit and vegetables, fuel and electricity - begin to ease." The ASFA Standard covers everyday ...

Taskforce suggests aged care funding be based on personal wealth

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2024
... predicted to reach $42 billion by 2026-27. Presently, the government funds about 75% of residential aged care and 95% of home care, which the taskforce describes as "not an optimal or fair mix." One of the reasons for this, the taskforce said, is that ...

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
... proposal by Shadow Minister for Housing Michael Sukkar to allow Australians to access their superannuation to buy their first home. The Shadow Minister said the Coalition was determined to help younger Australians achieve home ownership by allowing first ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  MONDAY, 11 MAR 2024
... incorporates AI. "If a company is raising money from the public... it needs to be truthful about its use of AI," he said. Closer to home, ASIC hasn't yet sounded the alarm on AI washing, but chair Joe Longo has voiced apprehensions regarding the adequacy ...

FICAP RockStar slated for July

JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2024
... (FICAP) annual Who wants to be a RockStar? event is returning in July and, for the first time, the event's winner will take home an incredible prize. FICAP's flagship event will take place in Sydney on Thursday, July 25. Who wants to be a RockStar? showcases ...

Alex Dunnin bids farewell to Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2024
... in our mutual success." Demonstrating that dedication, Dunnin has chalked up more than 750,000 kilometers driving from his home in country NSW to Rainmaker's Sydney office each week. In the same period, Australia's superannuation and wealth management ...

Coalition appoints shadow assistant treasurer, financial services minister

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... assistant treasurer and shadow minister for financial services in Luke Howarth, while Andrew Bragg takes on the portfolio of home ownership. Opposition leader Peter Dutton unveiled a shakeup of his frontbench yesterday, delegating Howarth the dual roles. ...

EG to target intermediaries

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... explained that the business was initially built off high-net-worths and then moved to raise capital for institutional partners at home and overseas. More recently, however, it went back to raising capital through high-net-worths, mainly friends and family ...

Nominations open for 30th annual MAX Awards

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
... the Year Website of the Year In 2023, some 115 finalists were celebrated. Some of the winners included Hostplus, which took home two gongs. Hostplus head of digital and media Ian Ross won Executive of the Year - Marketing, while the super fund also won ...