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Showing 21 - 30 of 1970 results for "ART"

AI use limited but take up rises among advisers

KARREN VERGARA  |  TUESDAY, 5 NOV 2024
While adoption of artificial intelligence (AI) is limited across financial advice firms, the rate of adoption has increased significantly in the past year, according to Netwealth. AI has largely been helping advisers improve efficiencies during client ...

AllianceBernstein managing director departs

ELIZA BAVIN  |  TUESDAY, 5 NOV 2024
AllianceBernstein managing director, Australia client group Brad Karp has announced he will leave the investment firm. Karp has been with the firm for close to 24 years. Prior to that he held roles at AXA as business manager - Australian equities and ...

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
Australian Retirement Trust (ART) suffered an outage that saw many members' fortnightly pension payments delayed by several days. The nation's second-largest superannuation fund has been experiencing "intermittent technology outages" that have ...

Retail super funds spend big on advice

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... charged to the member under agreed or activity-based advice fees. Industry funds spent the most on intra-fund advice with ART leading the pack at $17.7 million. HESTA ($12.4m), Aware Super ($10.7m), Cbus ($8.7m), UniSuper ($5.9m), Rest ($5.2m), and AustralianSuper ...

Inflation falls within RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
The Consumer Price Index (CPI) rose 0.2% in the September 2024 quarter and 2.8% annually, according to the latest data from the Australian Bureau of Statistics (ABS). "The September quarter's rise of 0.2% is the lowest outcome since the June 2020 quarter ...

Cole puts funds on notice as expenditure data is revealed

ELIZA BAVIN  |  WEDNESDAY, 30 OCT 2024
... biggest marketing spend, coming in at $60 million. However, this is an expense ratio of just 0.02%. Australian Retirement Trust (ART) followed with $41.8 million spend on marketing (0.02% expense ratio) and Cbus with $34.7 million (0.05% expense ratio). ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
The regulator's inaugural report on use of artificial intelligence by licensees found instances of artificial intelligence (AI) use that was at risk of being at odds with their regulatory obligations. ASIC reviewed more than 600 AI use cases across ...

AustralianSuper pumps $2.2bn into US data centre

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
AustralianSuper is making its first investment in a US data centre platform for $2.2 billion in a bid to capitalise on the soaring demand for cloud and artificial intelligence (AI) infrastructure. Texas-based DataBank has found a place in AustralianSuper's ...

Super Members Council names deputy chief

JAMIE WILLIAMSON  |  MONDAY, 14 OCT 2024
Following a promotion, Georgia Brumby is now deputy chief executive of Super Members Council (SMC). Brumby has been appointed to the role with immediate effect. She has served as executive general manager, advocacy since SMC's creation in October last ...

Ares buys GCP International in $5.5bn deal

JAMIE WILLIAMSON  |  WEDNESDAY, 9 OCT 2024
Ares Management Corporation will acquire the international business of GLP Capital Partners and certain affiliates, boosting its assets under management (AUM) by $65 billion (US$44bn). The business, known as GCP International, is being bought for $5.5 ...