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Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... victims of child sexual abuse to access compensation by way of their offender's superannuation savings if other orders are not met but believe "the scope of the policy should be broadened to cover victims and survivors of other heinous crimes." They ...

Link due to settle defunct Woodford fund with FCA

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... has until the end of March 2023 to conduct its due diligence. If the divestment and settlement go ahead, Link said it will not receive any net proceeds from the sale of Fund Solutions and would take a hit of $449 million as a non-cash impairment charge ...

abrdn terminates funds amid transition

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2023
... are transferring to SG Hiscock, as are some distribution personnel. In a statement to Financial Standard, abrdn said it was "not able to disclose the actual number of staff to be transferred or made redundant." Financial Standard understands there are ...

JANA awarded mandate by NFP

CHLOE WALKER  |  MONDAY, 20 FEB 2023
... distributing millions of dollars in grants, scholarships, and community loans. According to JANA, supporting markets including not-for-profits (NFPs) and broader diversified clients is a key strategic focus in 2023. In line with this objective, the mandate ...

Pengana establishes capital markets arm, hires

CASSANDRA BALDINI  |  MONDAY, 20 FEB 2023
... will also assist with those opportunities," Pillemer said. Schofield explained there are a lot of deals available, but it's not about sheer volume, it's about finding high-quality opportunities and matching them with investors only when it's appropriate. ...

Support staff key to advice firm longevity: Report

KARREN VERGARA  |  MONDAY, 20 FEB 2023
... marketplace, Business Health found that it is necessary for practices to review the benefits package they offer if they do not want to be left behind. Some 43% of firms do not offer bonus schemes, it found. Larger practices (those with three employees ...

AOF sells Sydney property for $80m

JAMIE WILLIAMSON  |  FRIDAY, 17 FEB 2023
As part of its ongoing value maximisation strategy, the Australian Unity Office Fund (AOF) is offloading a Macquarie Park property for $80.75 million. The sale price for 5 Eden Park Drive represents a 1% premium to the June 2022 independent valuation ...

GQG Aussie inflows up, total FUM slumps

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
... overweight to Russia in our Emerging Markets strategy. Having just taken the company public, we had new administrative requirements not faced before," Carver said. The GQG Partners Global Equity Fund was in the red of -4.7% over the one-year period while ...

We did too much: Lowe

CASSANDRA BALDINI  |  FRIDAY, 17 FEB 2023
... quickly than anyone had expected, and the economy has bounced back quickly. Here we are with a 50-year low in unemployment, not a very high unemployment rate." Lowe said the board did what it thought was right based on the information on hand at the ...

Government housing measures progress

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... at-risk of homelessness. In Parliament, Prime Minister Anthony Albanese said: "A home to call your own, whether you own it or not is more than just a place to sleep." "Our government believes every Australian deserves the security of a roof over their ...