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Future Fund muscles past annual target return, lags in March quarter

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... "The widened mandate reflects the government's intent to channel institutional capital toward addressing Australia's most pressing socio-economic challenges," it said. However, critics, including former treasurer Peter Costello, who created the ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... profit from their abuse. The group also called for "ending age-based discrimination" in super by axing laws that exclude most under-18-year-old workers from being paid super. SMC chief executive Misha Schubert said the election result was a clear message ...

Adviser numbers jump in March quarter: Rainmaker

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... Adviser report. During the year to March, 1274 financial advisers registered with a new AFSL. The five AFSLs that attracted the most advisers were Alliance Wealth, InterPrac, Lifespan Financial Planning, Synchron Advice and RI Advice. On the other hand ...

Coalition's super on PPL plan 'deeply worrying'

ELIZA BAVIN  |  FRIDAY, 2 MAY 2025
The Coalition has confirmed that it plans to make paying superannuation on Commonwealth Paid Parental Leav e (PPL) optional for working mothers, as a $158 million budget saving measure. The Coalition's election costings revealed several cost-saving ...

JP Morgan AM hires from Vanguard

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... separately managed accounts. Vivarini - who has two decades of investment product distribution experience under her belt - was most recently the national key account manager for Vanguard's dealer groups and platforms. Based in Sydney, Stefania reports ...

GROW Inc. names new chief executive

JAMIE WILLIAMSON  |  THURSDAY, 1 MAY 2025
... Banfield is now chief executive of GROW Inc., bringing an extensive knowledge of the technology and payments landscape. He was most recently at illion where he was chief executive for the past three years, including playing a key role in the transformation ...

AUSIEX to acquire FIIG Securities

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... FIIG platform," Salis said. "It will provide local institutions, financial advisers, family offices, SMSF and HNWIs with the most comprehensive investments trading and portfolio administration platform offering in the country." Salis said AUSIEX aims ...

BNP Paribas names chief for Australia, NZ

KARREN VERGARA  |  WEDNESDAY, 30 APR 2025
... asset management offerings to corporate and institutional clients. Parrot has been with BNP Paribas for more than 27 years, most recently serving nearly five years as chief executive of the Indonesian business, which offers banking services in structured ...

Inflation figures point to May rate cut

ELIZA BAVIN  |  WEDNESDAY, 30 APR 2025
... the slow but steady progress that has been made to bring inflation down. "The positive results from today's CPI print will most likely strengthen the market consensus that the RBA's next rate cut will be in mid-May. While we agree this is the most likely ...

Private capital, active ETFs to continue shake up of financial services: Deloitte

KARREN VERGARA  |  MONDAY, 28 APR 2025
... a 13-fold increase. This increase is expected to be driven by investors shifting from mutual funds to active ETFs across most institutional and retail investor channels. Meanwhile, tokenisation is due to transform cross-border payments by 2030. One in ...