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| | | Independent MPs have called for urgent amendments to the Better Targeted Super Bill, particularly regarding the proposed taxation of unrealised gains. The controversial legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million ... |
| | | | ... managed accounts, including model management. The announcement follows the recent mandate from separately managed accounts (SMA) aggregator Wealthtrac. The industry is observing an increased demand for tailored SMA offerings for private wealth and advisory ... |
| | | | ... Elston, Lonsec and Zenith have been added to the Expand Extra menu, doubling the wrap platform's separately managed account (SMA) offerings. The additional investment managers complement the current fleet of MLC Asset Management, Antares, Ausbil, JBWere ... |
| | | | The Australian Financial Complaints Authority (AFCA) said the average loss on a superannuation scam complaint was just under $90,000. AFCA said of the nearly 11,000 complaints in relation to scams last financial year, less than 20 came from superannuation ... |
| | | | Monash Investors has confirmed the completed merger with DMX Asset Management as of August 12. Following the merger, DMX AM portfolio manager Michael Haddad has been named co-portfolio manager with Monash Investors. "Michael hit the ground running ... |
| | | | Vanguard, Betashares, iShares, and VanEck have attracted most of the ETF inflows in Australia for 2024, with competition among these issuers fierce. Vanguard led with $4.07 billion in inflows, followed by local player Betashares with $3.98 billion ... |
| | | | First Sentier Investors' high-profile small companies team has lost one of its longest-serving members. The small and mid-cap fund group led by Dawn Kanelleas has farewelled senior portfolio manager Pavlos Totsis. Totsis - along with Kanelleas and ... |
| | | | Dimensional Fund Advisors (DFA) is converting three additional products to dual-access funds, which it hopes will start trading as ETFs as early as next week. The Dimensional Australian Value Trust, Global Value Trust, and Global Small Company Trust ... |
| | | | Iress, the advice software provider, has appointed a new executive to run its superannuation business, hiring from Insignia Financial. Sam Wall has over 25 years' experience in superannuation, investments, wealth and insurance, leading teams across ... |
| | | | Global markets were rocked at the start of this week over fears of a potential US recession after a higher-than-expected jump in US unemployment figures. But Yarra Capital head of macro and strategy Tim Toohey said while the risk of a recession in the ... |
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