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Lending to small businesses increases: Survey

KARREN VERGARA  |  MONDAY, 20 MAR 2023
Despite soaring interest rates, the number of small business owners borrowing from banks has sharply risen in 2022, a new survey reveals. More than a third (36%) of Australian small businesses canvassed by CPA Australia are increasingly relying on external ...

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
ASIC is providing life insurers a conditional relief that will last five years in circumstances where a policy needs to be reissued. The conditional relief pertains to Design and Distribution Obligations for financial products issued before 5 October ...

GBST revamps wealth platform, unveils corporate rebrand

ANDREW MCKEAN  |  WEDNESDAY, 15 MAR 2023
Tomorrow, GBST will launch its enhanced SaaS Composer wealth management administration platform and refreshed brand to support a new strategic direction. GBST's upgraded SaaS Composer platform offers organisations a consolidated view of their customers' ...

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 ...