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| | | ... at CalPERS from China's State Administration of Foreign Exchange, the agency that manages the country's capital account. Further, he served as deputy chief investment officer at the $3.2 trillion foreign exchange reserve. He is currently a member ... |
| | | | Assistant Treasurer and Minister for Financial Services Stephen Jones told Financial Standard that the government's work on reforming the superannuation sector is not done. Speaking on the Financial Standard podcast, Jones praised the positive aspects ... |
| | | | Colonial First State (CFS) and AMP have announced updates to their respective managed accounts (MAs) platforms - CFS Edge and North - bringing new international investment options and technological advancements. The CFS Edge platform has expanded its ... |
| | | | Australian wealthtech platform HeirWealth - launched in May last year - has announced a new partnership with HTL Private Office, expanding its offering to advisers and high-net-worth (HNW) clients. HeirWealth provides asset analysis spanning 40 different ... |
| | | | The Australian Financial Complaints Authority (AFCA) has launched two consultations on how it should improve its approach to handling complaints related to financial elder abuse and family violence. AFCA said it seeks to ensure consistency in how it ... |
| | | | ... it added. Dividend reinvestment plans will be available on some securities, and the interest rate received on the cash account will improve. Due to the change, administration fees for the DIO will increase - however, brokerage fees for listed securities ... |
| | | | ... encouraged to allocate 80% of any super balance above $250,000 to purchase an annuity, with the rest to be drawn via an account-based pension that provides flexible access to capital. "This would boost retirees' incomes by up to 25% compared to solely ... |
| | | | TWC Invest has announced the appointments of a chief risk and compliance officer and a chief technology officer. TWC Invest said the appointees will support the firm's "differentiated lifecycle investment approach." Stephen Thompson has taken on ... |
| | | | ... 2024. The sector has seen record-breaking growth, now sitting at $232.77 billion, according to the Institute of Managed Account Professionals' (IMAP), increasing 23.2% in the 12 months to December 2024. Currently, SMAs hold the largest market share ... |
| | | | ... shared services or a merger partner," Kaspar said. At that time, APRA heatmap data showed MIESF had a three-year average account growth rate of -9.23% - the fourth largest decline across all registrable superannuation entities. "The fund's sustainability ... |
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