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Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... will increase the age limit of the youngest eligible child from eight to 14. Aged care workers: The government will make good on a recommendation from the Fair Work Commission to increase award wages of over 250,000 workers in the aged care sector by ...

Next generation stands by family adviser: Survey

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... Crenshaw said advisers are continuously challenged with building new business while nurturing existing relationships, but the good news is that opportunities for new relationships are often close at hand. "By understanding what wealth inheritors want ...

FAAA suggests adviser pathway tweaks

CHLOE WALKER  |  FRIDAY, 5 MAY 2023
... 2019. "A significant number of older advisers, who might have left the profession, could now stay for longer - which will be good for them and for their clients, who may have gone unserved in the absence of this measure," she said. "Consistent with our ...

Kilter Rural launches $500m agriculture fund

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
... with something that's of reasonable scale and it ticks that box," he said. "Secondly, we always want to buy land with good value, and it ticks that box. And the third thing is, we want to be in a position to optimise and improve the returns of these ...

Finfluencer receives jail sentence

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... Fibonarchery, received two and a half years imprisonment for market manipulation but was immediately released on a five-year good behaviour bond. The HotCopper trader also copped a $42,840 fine after pleading guilty yesterday in Melbourne County Court ...

ASX expands partnership program criteria

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2023
... many stakeholders to achieve the best outcome for the market. Despite the setback announced last November, Lofthouse said "good progress is being made on the CHESS Replacement solution design" and requests for proposals were recently issued. "In addition ...

FCA simplifies listing rules to attract global companies

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
... financial reporting. FCA chief executive Nikhil Rathi commented: "London is a major international market with a deservedly good reputation globally among companies aiming to raise capital." However, despite being Europe's largest financial centre, UK ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... and lower paid Australians unfairly deprived the super they've earned and will give them a better shot at building a good nest egg for retirement." "The government should be commended for listening and then taking the necessary steps to end the huge ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... insurer or bank, she insisted. "What does make sense is to require them to do what their customers want and expect - to give good advice," she said. Levy said her final recommendations will ensure just that. "Poor or even average advice is not good advice. ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
The financial services group has appointed Nadine Gooderick to the role, with current managing director Simon Swanson set to retire after a 12-year tenure. Swanson will step down at the end of June, at which time Gooderick, currently the firm's ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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