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Vote for Financial Standard in Australian Financial Industry Awards

STAFF WRITER  |  WEDNESDAY, 11 SEP 2024
Financial Standard is a finalist in the Australian Financial Industry Awards 2024, and we'd love to have your support. Fresh from winning Financial Services Publication of the Year at the recent Impact Awards, Financial Standard has been nominated ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
Insurers will no longer be able to use genetic test results in life insurance underwriting, with a total ban to be introduced by the government. Earlier this year, the government consulted on the use of genetic test results in underwriting life insurance ...

Australians rank seventh globally for retirement confidence

MATTHEW WAI  |  WEDNESDAY, 11 SEP 2024
... work for longer than anticipated; 35% say they're worried retirement isn't an option. The current economic climate also has close to one in five (19%) Aussies believing that $1 million of savings is not sufficient to afford retirement. Further, 62% of ...

AFCA consults on superannuation life insurance disputes

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
... These updates are purely for clarity and do not alter the substance of AFCA's established approach. The consultation periods close September 30.

NZ Super Fund shines bright with standout return

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
New Zealand's sovereign wealth fund, NZ Super Fund, posted a herculean return of 14.94% this past financial year, trouncing its peers, according to data provider Global SWF. The fund outperformed its Treasury Bills benchmark - a measure based on the ...

Aussie super funds climb ranks, government funds slide

JAMIE WILLIAMSON  |  TUESDAY, 10 SEP 2024
Seventeen of Australia's superannuation and pension funds now rank in the top 300 worldwide by assets, including one new entrant. However, it's not all good news for the government funds that made the cut. That's according to the latest ...

Story Wealth co-founder joins Kearney

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
Story Wealth Management Anne Graham has exited the business she co-founded to join Kearney Group, bringing along her book of clients. Graham is now a partner - integrated advice of Kearney's private wealth unit. Graham co-founded Story Wealth in 2016 ...

RBA lays down the law on interest rates

ELIZA BAVIN  |  FRIDAY, 6 SEP 2024
... inflation is felt differently by various groups in the community, so too are interest rate moves. We therefore need to pay close attention to conditions facing different parts of the community, including the most vulnerable."

abrdn closes hedge fund

KARREN VERGARA  |  FRIDAY, 6 SEP 2024
abrdn has terminated a hedge fund that achieved negative returns since inception and failed to gain investor interest. The abrdn Global Risk Mitigation Fund closed on August 30. abrdn said due to changing demand, "the fund size has become smaller over ...

Macquarie AM, PSP Investments sell AirTrunk stake to Blackstone, CPP Investments

MATTHEW WAI  |  THURSDAY, 5 SEP 2024
... enhancing our footprint in the region to the benefit of CPP contributors and beneficiaries. It is also a great example of close collaboration across the fund, with our Infrastructure and Real Estate teams working together seamlessly to underwrite this ...