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Chalmers lays down the law on super tax

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
... million. "We've made that clear that we haven't changed our policy. We announced that policy more than two years ago now. We consulted on it. It is a policy that affects half a percent of people with balances above $3 million," Chalmers said. ...

Bain Capital backs out of Insignia takeover race

MATTHEW WAI  |  WEDNESDAY, 14 MAY 2025
With the exit of Bain Capital, it leaves one potential buyer left in the takeover talks that have now spanned more than six months. In an ASX announcement this morning, Insignia Financial confirmed that Bain Capital is "unable to proceed" with a binding ...

Future Fund makes leadership appointments

JAMIE WILLIAMSON  |  TUESDAY, 13 MAY 2025
... she was a senior associate. "These changes reflect the growth and maturity of our organisation. I am confident that we are now strongly placed to execute our strategy, achieve our mandates and deliver on our all-important purpose, which is to invest ...

AMP, intelliflo introduce dashboard enhancements for advisers

MATTHEW WAI  |  TUESDAY, 13 MAY 2025
... said these features will reduce "follow-ups, minimise delays, and enable real-time servicing." Additionally, advisers can now upload documents directly to North, access full audit updates via the activity log and see an estimated completion date on the ...

'Lunatic' tariffs can directly hit Australia: Academics

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... 14%. ANU honorary professor Gareth Evans said: "The economic risk flows from the quite lunatic Trump tariff policy that's now being pursued in an atmosphere of great uncertainty and unpredictability..." While the tariff impact may not be as acute ...

US financial market dominance can't last indefinitely: MSCI

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... year's dramatic outperformance, Lester said, "the question of geographic diversification almost started to get set aside." But now, even long-term investors, he said, are asking themselves whether they want to devote so much of their asset allocation ...

Third Link adds three underlying Aussie equity managers

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... supported by deep fundamental research and ESG integration that aims to outperform the S&P/ASX 300 Accumulation Index. It now manages over $1.5 billion in funds under management. "We are thrilled to be part of the Third Link Growth Fund and support its ...

Bill Gates to shutter Gates Foundation in 2045

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... was done so with the charter that it would continue for several decades after the death of Gates and his then wife, Melinda. Now, Gates says he has realised the foundation can achieve its goals much sooner if it doubles down on key investments and offers ...

Alvia scoops up majority stake in ice cream cone maker

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
... company's founding Rizzo family. According to Alvia, Australia's ice cream market has more than doubled in value since 2012, now exceeding $1.5 billion. The family office also reported a 41% increase in "indulgent products" over the past year. ...

Former financial adviser charged in alleged $160k super fraud case

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
... restricted from providing advice on limited recourse borrowing arrangements or setting up SMSFs. His financial adviser status is now listed as "ceased" and he isn't currently registered. The exact date his registration ceased isn't clear, but ...