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Ethical ETF assets surge in 2023: Analysis

RACHEL ALEMBAKIS  |  MONDAY, 22 JAN 2024
... 2023, ethical, responsible and sustainability themed ETFs held $11.47b in funds under management across 57 funds. At the start of 2023, the category held $9.2b in funds under management across 52 funds. Net flows to ethical and responsible ETFs was $824.6 ...

Legalsuper investment strategy lead departs

ELIZABETH FRY  |  FRIDAY, 19 JAN 2024
... within global and Australian equity, directly managing large and small-cap portfolios. Her career also involved investing in start-up venture capital funds, investment consulting, and managing multi-asset portfolios. She is a board member and secretary ...

Family offices love software: Report

CHLOE WALKER  |  WEDNESDAY, 17 JAN 2024
... software and services, a PwC study reveals. The 2023 PwC Family Office Deals Study, which analyses the direct, real estate and start-up investments of 7500 family offices around the world, found computer software and services investments were the most ...

Experts expect the RBA to hold: Finder

CHLOE WALKER  |  MONDAY, 15 JAN 2024
... Survey. The study, which surveyed 19 experts and economists, also found that half (40%) of respondents don't expect the RBA to start cutting rates until December 2024 or later. Finder head of consumer research Graham Cooke said that local homeowners ...

Adviser numbers stable at 15,650

KARREN VERGARA  |  MONDAY, 15 JAN 2024
... the analysis found that AMP Financial Planning still has the highest number of representatives with 477. It had 546 at the start of 2023, a 13% drop in adviser numbers. Morgans Financial with 427 comes second place, while in third place Interprac Financial ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN  |  TUESDAY, 9 JAN 2024
The Australian Financial Complaints Authority (AFCA) received a record 102,790 complaints from consumers and small businesses unable to resolve disputes with financial firms in 2023. This marks the first time Australia's financial dispute resolution ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... announce this important milestone as an important step towards the CSLR being able to pay the compensation claims it will start receiving from April 2024," the CSLR board said. "This has been a significant undertaking, as this levy is the first of its ...

More outflows for Platinum

KARREN VERGARA  |  TUESDAY, 9 JAN 2024
Platinum Investment Management reported another month of net outflows as the fund manager confirmed the start date of its new chief executive. In December 2023, Platinum recorded net outflows of about $235 million to finish the year with $15.4 billion ...

IG appoints institutional sales manager

ANDREW MCKEAN  |  TUESDAY, 19 DEC 2023
IG Prime, the institutional branch of the trading platform, has appointed Andrew Wood as its institutional sales manager. Wood most recently served for seven years as the head of institutional sales APAC at CMC Markets, based in Sydney. He developed ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... why: price gauging or just because they can," he said. "If the policy owner had negotiated a fixed level premium at the start of the policy, how can the insurance company increase the rate? The answer is that they can. It doesn't seem fair." Most ...