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| | | Speaking at a standing committee this morning, deputy chair Margaret Cole noted that the heatmaps and performance tests have created a more efficient and transparent superannuation system that will ultimately drive more consolidation. While that might ... |
| | | | Addressing the crowd at the International Congress of Actuaries 2023, Australian Retirement Trust (ART) strategist, asset and liability management Kathryn Spragg said the super system needs alternative measures to start looking at retirement products. ... |
| | | | Reflecting on the board's decision to increase the cash rate by 25 basis points to 3.85% last month, Reserve Bank of Australia (RBA) governor Philip Lowe says so far, the strategy is working. Lowe told the Senate economics committee this morning that ... |
| | | | There's a mismatch between family offices' top stated purpose of wealth transfer and the processes, governance, and risk management in place to ensure that, with only 42% having a wealth succession plan in place. That's according to the latest UBS Global ... |
| | | | An eleventh-hour tentative deal has been struck by US lawmakers to raise the debt ceiling and avoid a national default disaster. US President Joe Biden and House Speaker Kevin McCarthy announced on Sunday their agreement to raise the $48 trillion (US$31.4 ... |
| | | | ... growing its adviser network substantially. Through the acquisition, Count has acquired 75 financial advice practices from TAL, adding around 100 financial advisers to its community. Count said it now represents $16.8 billion in client funds under administration ... |
| | | | Lazard has promoted current chief executive of financial advisory Peter R. Orszag to the role of chief executive, while former chief executive and chair Kenneth M. Jacobs will step into the role of executive chair of the board. Orszag has served as ... |
| | | | After seven years, Martin Morris stepped down from his role of chief distribution officer at Praemium. Morris, who announced his departure on LinkedIn, will serve a precursory three months' gardening leave until mid-August. In a statement, Praemium ... |
| | | | Vanguard Australia has overhauled its superannuation and Personal Investor businesses, appointing two executives to newly created roles to help lead the merged retail units. The fund manager will merge the two retail divisions comprising superannuation ... |
| | | | One of the co-founders of a shuttering boutique manager is taking on a new role at AustralianSuper. At the same time, one of the fund's portfolio managers is joining a sovereign wealth fund. The $260 billion superannuation fund has added Megan Talmage ... |
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