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Active fund managers historically underperform: SPIVA

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... 7.4%, while only 2% of A-REITs shuttered. Over the longer term, survivorship rates were significantly lower, the scorecard read, as more than 50% of funds have either merged or liquidated over a 15-year horizon in all but one reported category. New Morningstar ...

Residential mortgages will defy headwinds: Study

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
The residential mortgage sector will withstand the current headwinds driven by rapidly rising interest rates and cost of living pressures, a new study finds. According to Foresight Analytics, there are three key factors that will mitigate the risks ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... respondents agreed with APRA's assessment that the four standards remained broadly fit for purpose," APRA's response letter read. "A small number of suggestions were made in relation to one standard, LPS 360, with proposed technical modifications that ...

Advice firms trading at premium: Broker

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... of profits of the acquired business complex given the co-location and sharing of infrastructure and resources, the report read. Large financial planning businesses in both city and regional areas that earn $3 million or more in revenue and are not co-located ...

Final voting for ESG Power50 open

RACHEL ALEMBAKIS  |  THURSDAY, 9 MAR 2023
FS Sustainability is launching the final voting round of the inaugural ESG Power50, a list that will name the 50 most influential ESG professionals working at ASX-listed companies in Australia. For the first time, readers of FS Sustainability along ...

Economic landscape spurs advice model rethink

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... their investment philosophy, processes, and performance, not only from clients but potentially from regulators," the report read. Many advisers are partnering with independent asset consultant or fund managers to help scale their advice delivery, manage ...

Gurner, Qualitas close second BTR fund

CHLOE WALKER  |  WEDNESDAY, 22 FEB 2023
The GQ multifamily build to rent platform (GQ) owned by multi-billion-dollar developer Gurner and Qualitas have announced a further build-to-rent (BTR) capital raise with another $2 billion for future growth, following the close of their second fund ...

Minutes show RBA considered 50bp rise

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... observed that the longer inflation stayed high, the greater the risk of price and wage expectations moving higher," the minutes read. Meanwhile, the arguments for a 25-point increase recognised the need for balance between demand and supply but also ...

Unemployment rate rises to 3.7%

ANDREW MCKEAN  |  FRIDAY, 17 FEB 2023
Australia's unemployment rate has risen to 3.7%, according to the Australian Bureau of Statistics (ABS). The ABS reported a decline in employment for the second consecutive month, following a period of robust jobs growth throughout 2022. Employment ...

Adviser pay, incentives disparity revealed

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
Experienced financial advisers working across major cities are earning as much as $150,000 per year, significantly more than their counterparts in smaller and regional hubs. According to consulting firm Business Health, which canvassed nearly 100 advice ...