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Showing 841 - 850 of 6001 results for "Age"

Trust trumps product advice: Research

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... trust in an adviser. It accounts for 54% of the trust people place in a financial adviser. Trust was found to increase with age, wealth, tenure, and financial literacy. Australian Retirement Trust said this may suggest that the more time a client spends ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

State Street brings Fund Connect ETF Portal to Australia

ANDREW MCKEAN  |  TUESDAY, 1 AUG 2023
State Street has introduced its Fund Connect ETF Portal to the Australian market, facilitating the creation and redemption of exchange-traded funds (ETFs), acting as a central platform for accessing issuers. State Street flagged in May last year that ...

Russell Investments reports super returns up to 13.5%

ANDREW MCKEAN  |  FRIDAY, 28 JUL 2023
... 2020 inception, GoalTracker has provided an average annual return of 11%. The strategy behind GoalTracker varies according to age. Younger members benefit from a focus on long-term growth, resulting in higher exposure to growth assets. As members approach ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... based on step premiums. Despite the current backdrop, step premiums tend to "step up" and increase every year as policyholders age. "So as the clients get older, premiums go up, and life insurance companies are paid more commission," he said. As early ...

GBST snaps up Advice Intelligence

ANDREW MCKEAN  |  TUESDAY, 25 JUL 2023
GBST, a cloud-based SaaS wealth management provider, has acquired Advice Intelligence, the financial planning software provider that entered voluntary administration in May. GBST chief executive Robert DeDominicis said: "The acquisition positions GBST ...

Advisers service 120 clients on average

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
The decreasing pool of financial advisers saw the average number of advised clients rise by 6% to 120 from 113 one year ago, according to Investment Trends. As a result, advisers are increasingly seeking greater efficiencies in technology, the 2023 ...

Insignia offloads investment bonds unit

KARREN VERGARA  |  MONDAY, 24 JUL 2023
Insignia Financial has divested its investment bonds business for $40 million to Australian Unity in a bid to pay off debt. Australian Unity's subsidiary Lifeplan Friendly Society will take over Insignia's investment bond business, which operates ...

Mercer appoints first Wealth Pacific chief

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
Mercer has outlined its ambition to accelerate growth in the APAC region, appointing Cathy Hales as its chief executive of Wealth Pacific. Hales has oversight of Mercer's wealth portfolio across Australia and New Zealand, comprising the Mercer Super ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... July 19 it has imposed. ASIC was concerned that the TMD failed to consider the impact of key eligibility criteria such as age and minimum employment on the suitability of the product for certain consumers. On July 21, ASIC lifted the stop order. ClearView's ...