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Conscious IM appoints investment director

CHLOE WALKER  |  FRIDAY, 28 JAN 2022
Conscious Investment Management (Conscious IM) has announced the appointment of Queenie Tran as its new investment director. Tran will lead Conscious IM's property investments and asset management in specialist disability accommodation (SDA) and social ...

Tasmania leads economic recovery

KARREN VERGARA  |  MONDAY, 24 JAN 2022
... further support the Queensland economy," CommSec chief economist Craig James said. NSW remains in the top spot in terms of home loans, up 73.2% based on a 10-year comparison. Home loan approvals in Victoria (68%) were the next-strongest, followed by ...

Advice industry loses 800 over New Year period

KARREN VERGARA  |  FRIDAY, 21 JAN 2022
... were 18,822 financial advisers. Early that year, the total population stood at 21,103. Currently, AMP Financial Planning is home to the largest number of advisers, with 595, followed by the SMSF Advisers Network with 544 and Morgans Financial with 446 ...

More work needed to end financial abuse

ELIZABETH MCARTHUR  |  MONDAY, 17 JAN 2022
As the federal government released its draft plan to end violence against women and children, the superannuation industry is calling for action on financial abuse and control. The Australian Institute of Superannuation Trustees (AIST) chief executive ...

DomaCom hits $100m in FUM

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
... lending and land banking. Perhaps the most progressive development for the DomaCom Fund is an investment product for Seniors Home Equity Release and a Shariah compliant housing finance solution for Australia's Islamic community. These new financial models ...

Aussie investors retain home bias: Report

CHLOE WALKER  |  WEDNESDAY, 12 JAN 2022
Australian investors remain bullish on domestic equities, with more than a third expecting them to generate the greatest yields in 2022, new research show. The latest report from Investment Trends highlights a relatively optimistic outlook from investors ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... be transferred, save having the funds transferred to the ATO. According to APRA data, in June 2020 CUBS Superannuation was home to just 1200 members while the fund's 2021 annual report shows it had just $88 million in funds under management. Last financial ...

Advice firm targets teen financial literacy

KARREN VERGARA  |  FRIDAY, 7 JAN 2022
... system still fails to prepare our kids for the reality of the economy," Scifo said. "Many of them will feel forced to stay at home for the next five to 10 years, and will feel home ownership is well out their reach. However we know and believe this doesn't ...

AFA chief steps down after six months

ELIZABETH MCARTHUR  |  WEDNESDAY, 5 JAN 2022
... top job, Helen Morgan-Banda has departed the Association of Financial Advisers (AFA). Morgan-Banda plans to return to her home country of New Zealand, explaining that she wishes to be closer to family amid ongoing uncertainty about travel freedoms as ...

Demand for retiree client book increases

KARREN VERGARA  |  SATURDAY, 1 JAN 2022
... May 2020 to March 2021 and another 20% to December 2021, and now sits at three times the annual trails. "If the number of home loan books for sale from the major aggregators continue to be scarce, prices may rise further," Birt said. "With house prices ...