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| | | Two of Australia's former top executives at the forefront of change have become highly influential figures on sovereign wealth fund boards. Sue Brake, former Future Fund investment chief and adviser to Singapore's central bank has chosen a second ... |
| | | | IFM Investors is urging Australia's industry super funds to invest in housing, saying it is a "win-win" for super fund members and the nation's housing supply issues. In a new blueprint report, IFM said proposed policy settings could help create as ... |
| | | | Household wealth rose for the eighth consecutive quarter, up 2.4% or $401 billion in the September quarter 2024, according to the Australian Bureau of Statistics (ABS). Total household wealth was $16.9 trillion in the September quarter, which was 9.9% ... |
| | | | TCorp's investments delivered 7% while its assets under management (AUM) grew 3% to $109.7 billion in the 2024 financial year, its recently published annual report shows. The New South Wales investment manager boasted $139.8 million in net profit ... |
| | | | Many superannuation trustees have been told they must improve their valuation governance practices, with APRA finding just 11 have dedicated valuation committees while others involve staff members whose remuneration is tied to asset values in the process. ... |
| | | | JBWere is launching two active fixed income products, backed by UBS Asset Management (UBS AM), to provide wholesale clients access to domestic and global credit options amid growing demand for the asset class. The product suite, which includes the UBS ... |
| | | | The Productivity Commission has been tasked with five new inquiries focused on identifying ways to materially boost Australia's productivity. Treasurer Jim Chalmers said the aim of the inquiries is to lift incomes, standards of living and create more ... |
| | | | Hostplus published its inaugural Service Standards Report, aimed at improving transparency and accountability, with hopes other funds will follow suit. Hostplus chief executive David Elia said the report provides a comprehensive view of the volume ... |
| | | | Bit Trade, the operator of the Kraken Exchange in Australia, has been slapped with an $8 million fine for "unlawfully issuing a credit facility to more than 1100 customers." Bit Trade offered a "margin extension" product, which allowed payments to be ... |
| | | | The Financial Advice Association Australia (FAAA) has made a submission to the Senate Economics Committee inquiry into wealth management companies, highlighting financial advisers' concerns around the Compensation Scheme of Last Resort (CSLR). Specifically ... |
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