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Strengths and weaknesses in DC systems: Comparison

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
The differences between the US and Australian defined contribution workplace superannuation system has been explored at an academic forum in New York. At the Global Committee of the Defined Contribution Institutional Investment Association (DCIIA) forum ...

APAC airports well positioned for recovery: Study

CHLOE WALKER  |  FRIDAY, 13 JAN 2023
Despite the weakening macroeconomic environment, global infrastructure assets, in particular airport assets in the Asia Pacific region, are continuing to rebound strongly following the pandemic. According a Fitch Ratings' report, the infrastructure ...

Aware Super, Goldman Sachs, Bank of America back Xpansiv

ANDREW MCKEAN  |  THURSDAY, 12 JAN 2023
Commodities platform Xpansiv has secured new strategic investors in Bank of America and Goldman Sachs, while Aware Super has deepened its investment. Xpansiv also announced the closing of a $125 million capital raise designed to fuel continued growth ...

Don't miss out on deep value US stocks: GMO

CHLOE WALKER  |  THURSDAY, 12 JAN 2023
... deepest value stocks is indeed trading at some of the largest-ever discounts to the overall market, allowing sector biases does not meaningfully increase the absolute risk of the group and makes the resulting group cheaper in absolute terms. "As a result ...

AAT upholds AFSL cancellation

CHLOE WALKER  |  THURSDAY, 12 JAN 2023
... services business following concerns it had breached several of its legal obligations, including that its representatives were not adequately trained or competent, and that the firm did not have a compliant dispute resolution system in place. It also ...

Berkshire Hathaway, IAG restructure agreement

CASSANDRA BALDINI  |  THURSDAY, 12 JAN 2023
... commented. The strategic relationship agreement and the equity ownership subscription agreement, originally announced in 2015 will not be continuing under the new arrangements. "The terms of the renewed agreement with Berkshire Hathaway's NICO reflect ...

Adviser salaries to jump in 2023: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 11 JAN 2023
... crop up with certain advisers where things have fallen over because of that if there are potentially things that they're not aware of because they've left the business, something's come up, and they haven't been made aware of those issues. ...

Morningstar to introduce new rating system

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2023
... a single, forward-looking rating for financial advisers, AFSLs and investors to use. The methodology behind a rating will not change, with the three pillars of People, Process and Parent still applying. Under the change, both analysts and Morningstar's ...

Fin365 undertakes strategic mergers

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2023
... business should have dedicated staff who perform CTO/business analyst type functions," Reid said. "Unfortunately, this is often not financially practical for even a mid-size financial services firm. But accessing this expertise via a flexible outsourcing ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...