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| | | Retirees may be as much as $20,000 worse off at retirement due to the Your Future, Your Super performance test and RG97, a new report suggests. It could also be costing the country up to 140,000 jobs, the Australian Investment Council and Mandala say. ... |
| | | | The newly formed L1 Group is targeting a cost reduction of $30-35 million within the next 18 months as it looks to capitalise on synergies created by the merger. Recently appointed L1 Group chief executive and managing director Julian Russell noted ... |
| | | | A Japanese insurance company is taking an 18% stake in Barings to support its long-term growth strategy. MS&AD Insurance Group Holdings, via subsidiary Mitsui Sumitomo Insurance Co., will acquire 18% of Barings from MassMutual. MassMutual will continue ... |
| | | | One of the world's largest pension funds is shifting to a total portfolio approach (TPA), saying it will improve transparency and provide flexibility to capitalise on opportunities. Following a board vote, the California Public Employees' Retirement ... |
| | | | Financial advisers need to tackle inherent behavioural bias in members and build simpler frameworks to improve retirement outcomes, according to research by Industry Fund Services (IFS). The whitepaper, published in collaboration with Challenger, identified ... |
| | | | Ten Cap will launch its first active ETF on the ASX, to be available to investors from November 24. The ETF will be based on the firm's existing Alpha Plus Fund, a long-short equity only strategy in Australia. Ten Cap co-founder and lead portfolio manager ... |
| | | | The Reserve Bank of Australia (RBA) November meeting minutes revealed there are ongoing concerns amongst board members about Australia's economy. While board members noted the central projection was for the economy to remain broadly in balance, and ... |
| | | | Milford Asset Management has appointed an acting country head for Australia after news Kristine Goodwin is taking on a new role at AMP. Milford confirmed Goodwin is departing in December after resigning. She will be taking on the newly established role ... |
| | | | Australia's sovereign wealth fund has outlined how the investment landscape has shifted and how it has rethought its portfolio construction amid greater global uncertainty. In its most recent Position Paper, Future Fund said it has been thinking "more ... |
| | | | Betashares has collaborated with J.P. Morgan Asset Management (JPMAM) to expand the offerings available on its Direct investment platform. This expands the platform's offerings beyond just Betashares' managed portfolios to include strategies from third-party ... |
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