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Astute Wealth alleges copyright breach

KARREN VERGARA  |  TUESDAY, 13 JUL 2021
... questions are the same except that the pronoun changes from my/mine to you/your. Astute found a similar pattern in the employed, home duties and unemployed sections of the survey. It also alleges that the rating questions and scores are similar. Astute ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... boats, motorcycles, motorhomes, caravans, and trucks; insurance sold within superannuation (including group life insurance); home building insurance, home and contents insurance; and landlord insurance. "Exemptions should only be provided where there ...

AustralianSuper names next merger partner

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
... the Labor Union Cooperative Retirement Fund. Established in 1978, LUCRF is the nation's oldest industry super fund and home to more than 132,000 members. It has about $7.4 billion in funds under management. The board of LUCRF selected AustralianSuper ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... insurance related complaints. The most complained about products this year were credit card (14% of all complaints), followed by home loans (9%) and personal transaction accounts (8%). AFCA said nearly 70% of cases were resolved by agreement after AFCA ...

SocietyOne launches portal, hires

ELIZABETH MCARTHUR  |  MONDAY, 5 JUL 2021
... joins from MyState where he was general manager of banking. Previously, MacRae was national general manager, Westpac retail home ownership distribution. "Joining the passionate and talented broker team at SocietyOne is a great next step in my career ...

Economic recap: Week to July 2

BENJAMIN ONG  |  MONDAY, 5 JUL 2021
... picking up pace. This makes the continued rise in house prices hardly surprising. CoreLogic's "5 capital cities aggregate" home value index rose by 1.9% over the month of June and by 12.1% year-on-year. Home values in Hobart registered the biggest ...

UHNWs drive record luxury real estate demand

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
... buyers now making buying off-market transactions. Many prestige buyers focus on buying in the right location and remodel the home to suit their needs, especially with a focus on wellbeing and lifestyle and this has magnified over the past year."

Macquarie launches build-to-rent platform

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
Macquarie Asset Management has established a build-to-rent platform in the UK called Goodstone Living. The new business will be led by Darryl Flay and Martin Bellinger, founders of a private UK build-to-rent developer-operator, who have overseen the ...

Homebuyer schemes speed up saving time

ANNABELLE DICKSON  |  THURSDAY, 1 JUL 2021
... research shows. Commonwealth Bank data shows customers have bought property on an average of 4.78 years faster using the First Home Loan Deposit Scheme (FHLDS) or New Home Guarantee (NHG). CBA customers in NSW saved an average of 5.05 years followed ...

Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
... by the FSU. The ACTU argues that mandated paid vaccination leave would incentivise Australians to get the jab. Away from home, the city of Los Angeles has approved paid vaccination leave for all employees, with business owners now required to provide ...

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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