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Internal teams gain decision-making power: Frontier

JAMIE WILLIAMSON  |  MONDAY, 23 OCT 2023
... them to be most influential. Chief investment officers now rank second, following by the board and investment committee. The top five is rounded out by asset consultants and the chief executive. However, internally at Frontier, just 17% of its team believe ...

Future Fund hires from ART

ELIZABETH FRY  |  FRIDAY, 20 OCT 2023
... title has yet to be announced but is likely to be the position assumed by Guo. Following Ben Samild's promotion to the top investment job in August, the Future Fund last week confirmed his two deputies and promoted a third executive to oversee research ...

Mass-affluent population key to insurer sustainability: Report

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... Report 2023 shows policyholders aged 65 and over currently own about 40% of insurers' assets under management. For the top 40 insurers globally, this equates to US$7.8 trillion, or $12.66 trillion. It's estimated all of this will go to beneficiaries ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
... transitioning to general manager of distribution. In 2016 he was named group general manager, wealth management, before taking on the top job in an acting capacity following the fallout from the Royal Commission in 2018. In June 2019 Mota was officially ...

Interest rates, liquidity top of mind for Future Fund

KARREN VERGARA  |  THURSDAY, 19 OCT 2023
The current high interest rate environment is forcing the Future Fund to rethink its asset allocation, particularly its weightings in property and alternatives, in a bid to curb any potential liquidity issues. Rising interest rates, soaring 10-year ...

Bennelong inks distribution deal with Leadenhall Capital Partners

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
... attractive spreads for investors relative to their long-term average. Bennelong chief executive John Burke, who took over the top job earlier in the year, said the agreement represents an opportunity for the firm to partner with a respected global brand. ...

Former AMP Capital executive takes over at Selfwealth

CASSANDRA BALDINI  |  THURSDAY, 19 OCT 2023
... Paul Cullinan assumed the role of acting chief executive. After a "comprehensive" search, Keary has been appointed to the top job. In March, Keary resigned as chief executive of Ignition Advice for Asia Pacific, a role he held for two years. Since, amid ...

Fidelity finds key barriers in Australian estate planning

ANDREW MCKEAN  |  WEDNESDAY, 18 OCT 2023
... leave a financial legacy, with an additional 25% open to expert guidance. Of note, lawyers and financial planners are the top trusted sources for managing estate plans. Meanwhile, while the report contends that financial security for loved ones is a ...

Alternatives to top $33tn by 2028

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
Globally, alternatives' assets under management (AUM) will reach around $33 trillion (US$24.5tn) by the conclusion of 2028, up from the estimated $22 trillion (US$16.3tn) expected at the end of 2023. According to Preqin's Future of Alternatives ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... year of profits, particularly considering economic uncertainty and an evolving regulatory environment. Interestingly, the top 10 direct insurers were all profitable, in stark contrast to reinsurers, where only two out of seven posted profits, accumulating ...