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| | | ... translate to a 30% benefit to profit on average. For the average fund, tokenisation is expected to generate a 30% cost saving on fund accounting, 25% on transfer agency costs, and 24% on compliance monitoring, client reporting, and regulatory reporting. ... |
| | | | Stockspot Super has launched to the public, a move first flagged by Financial Standard in May 2024. Stockspot said the offering is Australia's first fully transparent, ETF-only superannuation product, which has been designed to keep costs low and provide ... |
| | | | Australian gross domestic product (GDP) rose 0.6% in the December quarter 2024 and 1.3% through the year, according to the Australian Bureau of Statistics (ABS). "Modest growth was seen broadly across the economy this quarter. Both public and private ... |
| | | | ... demographic, more likely to be female, are driving demand in the space, with many users aiming for long-term growth, including saving for property (12%) and boosting retirement funds (14%). Investment Trends senior analyst Yiğit Günhan said the surge ... |
| | | | Sydney will stage a global superannuation summit in the second half of the year, on the heels of the inaugural industry gathering in the US last week. NSW treasurer Daniel Mookhey said the Sydney Superannuation Summit will cement the city's growing ... |
| | | | APRA's proposal to overhaul capital requirements for annuities is touted to be the most significant change for life insurers in more than a decade. The prudential regulator said it will detail its proposed changes in the second half of 2025. "This ... |
| | | | The US Superannuation Investment Summit has kicked off in the United States with Australian super funds exploring deeper investment opportunities within the US. Treasurer Jim Chalmers addressed the summit, essentially serving up Australia's retirement ... |
| | | | A confidential Treasury draft proposal obtained by Financial Standard outlines voluntary principles for the design and delivery of superannuation retirement income solutions, extending beyond the obligations of the Retirement Income Covenant. The principles ... |
| | | | Australian super funds are expected to pump huge amounts of money into the US over the coming decade, according to a report from Mandala, in conjunction with Super Members Council and IFM Investors. The Going Global report said Australians' superannuation ... |
| | | | Superannuation, investment management, and banking leaders will descend on Washington DC and New York next week to showcase a super system poised to channel hundreds of billions into the US over the next decade. In a statement, representatives of super ... |
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