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Value companies to outperform in 2023: VanEck

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
VanEck portfolio manager Cameron McCormack forecasts a bright outlook for value companies in 2023, particularly among Australian equities. "We think value companies are likely to outperform in 2023," McCormack said. "We're entering a period that echoes ...

Government introduces gender pay gap bill

ANDREW MCKEAN  |  THURSDAY, 9 FEB 2023
New legislation to close the gender pay gap has been introduced, requiring employers to publish pay gap data for increased transparency. The Workplace Gender Equality Amendment (Closing the Gender Pay Gap) Bill 2023 requires employers with 100 or more ...

"A lawyer's picnic": QAR report slammed

JAMIE WILLIAMSON  |  THURSDAY, 9 FEB 2023
Consumer bodies have criticised the Quality of Advice Review's final report, saying the proposals create a two-tier system whereby poorer Australians will only be able to access conflicted advice. Super Consumers Australia director Xavier O'Halloran ...

Vanguard Super head resigns

CHLOE WALKER  |  TUESDAY, 7 FEB 2023
Just three months on from the launch of its product, the head of Vanguard's superannuation business is set to leave. Michael Lovett will depart Vanguard at the end of the month. Commenting on Lovett's departure, Vanguard Australia managing director ...

FPA, SMSFA launch specialist pathway

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... specialist advisor (SSA) exam at a time that suits them. Candidates will also receive a 50% discount on the enrolment fee, saving $990 on the usual cost. FPA chief executive Sarah Abood said the SSA pathway is a strong recognition of the rigorous training ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
HESTA is once again calling for the Australian government to address gender inequities in superannuation and improve financial security for women. In its pre-budget submission, the super fund said tracking and closing gender gaps remain its top priority. ...

ISA renews calls for super to be paid with wages

CHLOE WALKER  |  MONDAY, 30 JAN 2023
Changing the requirement to pay super with wages will drastically reduce unpaid super and give four million plus workers better investment returns, according to Industry Super Australia (ISA). In its pre-budget submission, ISA said that the "outdated ...

Aware Super's Intermodal Terminal Company to build $400m terminal

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
... process over one million Twenty-foot Equivalent Units (TEU) annually, reducing truck trips on Melbourne roads by 500,000, saving 451 million litres of fuel, and reducing carbon emissions by 189,000 tonnes, ITC said. SIT will provide a cost-effective ...

Insignia saves thousands of hours with AI

CASSANDRA BALDINI  |  MONDAY, 30 JAN 2023
... workforce. It explained over 60 processes are currently being automated, reducing costs and improving business efficiencies, saving on average 15,000 full time employee hours per month. The intelligent software bots, known as digital workers, automate ...

Australians lack confidence in retirement: SSGA

ANDREW MCKEAN  |  WEDNESDAY, 25 JAN 2023
A State Street Global Advisors (SSGA) Retirement Reality report has revealed a widespread lack of confidence in Australia's retirement system. Despite recent changes to the Australian retirement system, including the Your Future, Your Super (YFYS) ...