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Betashares carves slice of superannuation pie

CHLOE WALKER, JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... Betashares chief executive Alex Vynokur said the move into superannuation is part of a carefully considered long-term plan to "play a greater role in helping Australians meet their wealth creation goals." "Over the course of the past 12 years, Betashares ...

Apostle names global distribution lead

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... expand our offering for institutional and wholesale investors throughout Asia and the Middle East, Kimon's experience will play a key role in delivering our strategies to these regions. "He understands the needs of investors, knows how to communicate ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
Count is making a play for Diverger, in a deal that will create an entity with $29 billion in funds under management and advice, and house 550 financial advisers. The two ASX-listed firms have entered into a binding scheme implementation deed in which ...

APRA consults on hybrid bond resilience

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... system in a crisis," it stated. Overseas banking runs have pushed the regulator to look closely at the role hybrids might play to stabilise a bank in the "unlikely" event of a failure. APRA said the purpose of the securities is to absorb losses during ...

OTPP, PGGM chief investment officers resign

JAMIE WILLIAMSON  |  WEDNESDAY, 20 SEP 2023
The Ontario Teachers' Pension Plan (OTPP) will farewell its chief investment officer at the end of the year, as will Dutch pension fund manager PGGM. Overnight, OTPP chief investment officer Ziad Hindo announced he will leave the fund at December ...

XV Capital plots expansion, fund launch

JAMIE WILLIAMSON  |  TUESDAY, 19 SEP 2023
... fostering innovation within the industry and supporting entrepreneurs and startups who share our vision. Together, we will play a pivotal role in driving advancements in sports technology investing, and I couldn't be more thrilled to be a part of ...

Project to tackle dwindling number of risk advisers

CASSANDRA BALDINI  |  TUESDAY, 19 SEP 2023
... the Financial Advice Association Australia. At the time, CALI chief executive Christine Cupitt said, it's important to play a part in fostering the next generation of female financial risk advisers to ensure a strong pipeline of talent and leadership ...

ECB raises rates to record high of 4%

CASSANDRA BALDINI  |  FRIDAY, 15 SEP 2023
Overnight, the European Central Bank (ECB) raised interest rates by a further 25 basis points to a historical peak of 4%, saying inflation is simply still too high. The governing council remains determined in its efforts to drag inflation back down ...

A roadmap for transitioning to managed accounts

ANDREW MCKEAN  |  THURSDAY, 14 SEP 2023
Netwealth has unveiled a blueprint to a successful transition to managed accounts for financial advisers, centring on staff training, client messaging, and planning. At today's Financial Standard Best Practice Forum on Managed Accounts, Netwealth's ...

Ring-fencing super for aged care adds complexity, cost: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 13 SEP 2023
... any superannuation at all," McCrea said. Nevertheless, ASFA believes there are possibilities for superannuation funds to play an important role in helping meet the future aged care needs in Australia, by providing investment capital and by holding direct ...