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Showing 461 - 470 of 4001 results for "Trend"

Five megatrends shaping financial services: McCrindle

CHLOE WALKER  |  FRIDAY, 23 FEB 2024
... organisations behind it," McCrindle said. "Value, as well as values, are what define the modern Australian consumer." The third trend relates to what McCrindle referred to as the "grandparent economy". "The baby boomers and builder generations are the ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... shortcomings in enforcing the Best Financial Interests Duty (BFID). Despite its straightforward intention, there's a worrying trend where large superannuation entities, purportedly influenced by unions and the Labor Party, misuse funds for non-beneficial ...

ASIC waves red flag at advisers, trustees over Choice products

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
... balance of $264,000, on average $90,000 was in an underperforming product. In reviewing roles and processes, ASIC identified a trend of over-reliance on one another across trustees, advisers and licensees, operating with the assumption they're all carrying ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...

Risk, compliance staff in hot demand

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2024
... be bearing the brunt of picking up the workloads in these under-resourced teams." Of note, the recruiter has witnessed a trend of senior staff experiencing burnout and opting to leave their jobs despite having no other role lined up. While the undersupply ...

Madigan Capital appoints head of investment capital

ANDREW MCKEAN  |  MONDAY, 19 FEB 2024
... system - approximately 5% of total assets - the sector has experienced rapid growth since 2015. Madigan anticipates this trend to continue, driven by factors such as traditional banks reducing their exposure to commercial real estate and borrowers seeking ...

GQG records US$10bn in inflows, eyes Abu Dhabi office

ANDREW MCKEAN  |  FRIDAY, 16 FEB 2024
GQG Partners reported US$10 billion of net flows for the full year ending 2023, while announcing plans for an office in Abu Dhabi. The global boutique asset manager concluded the year with US$120.6 billion in funds under management (FUM), reflective ...

Investment Trends ranks top five platforms

ANDREW MCKEAN  |  THURSDAY, 15 FEB 2024
Investment Trends 2023 Platform Benchmarking Report has positioned HUB24 as the best full-function platform, narrowly outperforming Netwealth. In the report's analysis of platform developments aimed at supporting the provision of advice to clients ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
... handful of base models upstream. Such a development would promote both herding and network interconnectedness." But this trend toward network interconnectedness and the creation of monocultures poses classic systematic risks to the financial system ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
Macquarie Group has reported a "substantially lower" net profit after tax in FY24 and announced the departure of its long-serving head of commodities and global markets Nicholas O'Kane. Macquarie's annuity-style divisions, Macquarie Asset Management ...