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Passive funds save $14.4bn in fees: Research

KARREN VERGARA  |  MONDAY, 9 SEP 2024
... products. BlackRock, for example, had the largest percentage and absolute fee reduction, moving from 0.33% p.a. to 0.29% p.a. "The top five diversified ETP manufacturers (by growth) represent around 70% of assets in the Australian ETP market, and their ...

Financial Standard wins Impact Award

STAFF WRITER  |  FRIDAY, 6 SEP 2024
Financial Standard has been named Financial Services Publication of the Year at the inaugural Impact Awards. The award was presented at Activam Group's 2024 act Conference Charity Gala Dinner this week. The Impact Awards aim to "highlight those ...

Macquarie AM, PSP Investments sell AirTrunk stake to Blackstone, CPP Investments

MATTHEW WAI  |  THURSDAY, 5 SEP 2024
... delivered outstanding results for our beneficiaries but also validates our investment strategy focused on partnering with top-tier management teams and like-minded investors to support infrastructure businesses globally in their growth ambitions while ...

Mercer Super reorganises leadership, chief executive changes roles

ANDREW MCKEAN  |  WEDNESDAY, 4 SEP 2024
... "period of tremendous growth and transformation." Current Mercer Super chief operating officer Clair Ross will take over the top job at the retail super fund, effective October 1. Ross brings over 30 years' experience in operational management and ...

Fitzpatricks appoints new chief

KARREN VERGARA  |  WEDNESDAY, 4 SEP 2024
... is the new leader of the wealth group, commencing in the role on August 14. Blackledge stepped down after four years in the top job and a total of six years with the group. She started out at Fitzpatricks as chief financial officer and chief operating ...

More to do in the fight against inflation: Chalmers

ELIZA BAVIN  |  TUESDAY, 3 SEP 2024
... pension, carer payment and parenting payment, as well as Commonwealth Rent Assistance," Chalmers said. "This support is on top of the billions of dollars of relief that has been rolling out to millions of Australians to help ease the cost of living since ...

Count reports strong results on back of Diverger acquisition

ELIZA BAVIN  |  FRIDAY, 30 AUG 2024
... significantly exceeded the initial cost synergies commitments," he said. "Count generated revenues that are equivalent to a top 20 Australian accounting firm and is delivering against its ambition of creating an integrated system with a greatly expanded ...

Financial Standard nominated for Publication of the Year

STAFF WRITER  |  WEDNESDAY, 28 AUG 2024
Financial Standard is proud to be a finalist in the inaugural Impact Awards, nominated for Financial Services Publication of the Year. Established by Activam Group, the Impact Awards aim to "highlight those who make a meaningful difference by encouraging ...

Australia a 'regional private wealth hotspot': Preqin

ANDREW MCKEAN  |  WEDNESDAY, 28 AUG 2024
Australia is a top regional private wealth hotspot, with the greatest proportion of investors, many of whom are looking to alternatives, according to a Preqin report. The data provider's report highlighted that among all private wealth investors in ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... maintain the "strength and stability of Australia's banks, insurers and superannuation trustees over the next four years". APRA's top priorities will include working with ASIC to ensure superannuation trustees meet their requirements under the Retirement ...