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| | | Mayhem erupted on Wall Street on Monday (local time) after Chinese-owned DeepSeek burst onto the artificial intelligence (AI) scene, wiping $1 trillion off chip maker Nvidia. AustralianSuper holds around $2 billion of Nvidia shares in its balanced option ... |
| | | | AdviceIQ general manager Paul Harding-Davis will retire in April, with the financial advice group for high-net-worth clients naming a Macquarie Group executive as his successor. Harding-Davis told Financial Standard that now is the right time for retirement ... |
| | | | ... may emerge with growth in private markets," ASIC said. "Both public and private markets are important to our economy and play a role in generating wealth. Through superannuation investments, many Australians have indirect exposure to private assets. ... |
| | | | The SMSF Association (SMSFA) says Treasurer Jim Chalmers' claims that the $3 million superannuation tax followed extensive consultation are misleading, accusing the Treasurer of making several ambiguous statements in defence of the tax. SMSFA chief ... |
| | | | ... better support the ongoing development of climate-related financial disclosure standards. "Our standard-setting institutions play an important role underpinning the integrity of markets and investor confidence," Chalmers said. "A key focus of the proposed ... |
| | | | ... Rigney has been appointed as portfolio manager, arriving from Rest Super, where he managed quantitative research. Rigney will play a big role in research, analysis, and development, reporting to the head of capital markets at the Queensland state government ... |
| | | | Payton Capital, the private debt fund manager, has appointed a Suncorp executive to lead the firm's borrower services in New South Wales. The wholly owned business unit of HMC has recruited Kieran Turner as the state manager of New South Wales. ... |
| | | | ... investors in AI to shift in 2025 away from the foundational chip and cloud companies to platforms and applications that will play a bigger role in peoples' everyday lives. This comes after Australian Ethical saw another quarter of positive net flows ... |
| | | | Financial Advice Association Australia (FAAA) general manager of policy, advocacy, and standards Phil Anderson is again calling on the government to fix the Compensation Scheme of Last Resort (CSLR). Th FAAA has previously highlighted three critical ... |
| | | | Iress has expanded its APAC wealth propositions team with several newly created roles, including a general manager of wealth propositions, head of partnerships, and head of digital advice. The financial services software business announced the appointment ... |
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