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Future Group reveals super fund returns, fee changes

ELIZA BAVIN  |  TUESDAY, 8 JUL 2025
Future Group has announced the returns for smartMonday, GuildSuper and Child Care Super while also announcing a fee reduction for smartMonday members. smartMonday super fund has reduced fees across all investment options effective 7 June 2025, delivering ...

Trade war could have positive impact on Aussie GDP: PC

ELIZA BAVIN  |  TUESDAY, 8 JUL 2025
New modelling from the Productivity Commission (PC) in its annual Trade and Assistance Review (TAR) shows that proposed US trade policy measures will have a marginal direct impact on the Australian economy, but the risks and uncertainty they bring may ...

Findex partners with brokerage firm to deliver 'best-in-class' service

MATTHEW WAI  |  MONDAY, 7 JUL 2025
Findex is entering a joint venture with Ortus Financial to bolster its expertise and breadth of its service. The joint venture will see Findex's lending business progressively evolve into a dedicated, lending-first entity, with a 12-month handover period ...

RBA interest rate cut expected

ELIZA BAVIN  |  MONDAY, 7 JUL 2025
The Reserve Bank of Australia (RBA) is widely anticipated to slash interest rates by 0.25% when the board meets tomorrow. MFS Investment Management fixed income research analyst Carl Ang said he believes the RBA will deliver a "dovish insurance cut". ...

Plenary adds to executive lineup

MATTHEW WAI  |  FRIDAY, 4 JUL 2025
Plenary Group has unveiled a slew of promotions to its senior management structure, including the appointment of a new chief investment officer. All appointments will continue to work alongside the existing senior management teams in Asia Pacific and ...

Drummond Capital names new research head

ELIZABETH FRY  |  THURSDAY, 3 JUL 2025
Drummond Capital Partners has promoted Adele O'Shannassy to the role, acknowledging her growing leadership within the firm's investment team. O'Shannassy will lead research across asset classes, supporting portfolio construction and strategy ...

Movers and shakers: Cbus, HESTA, Rest, Minderoo and Colonial First State

ELIZABETH FRY  |  THURSDAY, 3 JUL 2025
Cbus Super has farewelled Divya Jain who has joined Rest Super as a senior portfolio manager as the $80 billion fund continues to strengthen its asset allocation team. Jain spent two years at Cbus after a seven-year stint at AustralianSuper, where she ...

Fees for no service see former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
A former financial adviser is now banned for 10 years after she was found to have knowingly charged fees for no service. Kiriley Roper was a director, shareholder and adviser at Lighthouse Partners in Redcliffe, Queensland. ASIC alleges that between ...

CareSuper to undertake cloud transformation

JAMIE WILLIAMSON  |  THURSDAY, 3 JUL 2025
The $57 billion super fund is making the move from VMware Cloud on AWS to Microsoft Azure as it looks to create a more modern, cost-efficient environment. CareSuper has mandated Macquarie Cloud Services to migrate and recalibrate its cloud environment ...

AMP Super delivers double digit returns in FY25

MATTHEW WAI  |  WEDNESDAY, 2 JUL 2025
AMP delivered strong returns for its MySuper and Future Directions members in the year to June 30. For the period, members of AMP's MySuper 1970s, 1980s and 1990s options have achieved returns of 12.7%, 12.9% and 12.8% respectively. Meanwhile, MySuper ...