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Showing 881 - 890 of 1509 results for Andrew McKean

Ignition Advice appoints chief platform, technology officer

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
Ignition Advice has strengthened its global executive team with the appointment of Enda Mahoney as chief platform and technology officer. He will be based in Sydney and report to Ignition Group chief executive Terry Donohoe. In the newly created role ...

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
HESTA has delivered a 9.59% return for its balanced growth investment option. The balanced growth investment option, which most of the industry fund's one million members are invested in, was buoyed by strong equity market performance, bolstered by ...

Frontier calls for better unlisted asset valuations

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
Frontier Advisors is collaborating with Australian asset owners to hold fund managers to account regarding the accurate valuation of unlisted assets. The consulting firm was spurned to action amid robust growth in the superannuation sector, with an ...

AustralianSuper posts solid return for FY23

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
AustralianSuper has posted an 8.22% return for its balanced investment option. Of note, the Rainmaker MySuper performance index benchmark is likely to yield a return around 9%. AustralianSuper chief investment officer Mark Delaney said that the fund ...

FAAA celebrates membership renewals, anticipates more

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
The Financial Advice Association Australia (FAAA) has received over 8700 membership renewals, with more to come, according to chief executive Sarah Abood. The end of financial year marked a critical membership juncture for the association, Abood noted. ...

ASIC permanently bans David Sutton

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
ASIC has permanently banned David Sutton from providing any financial services and disqualified him from managing corporations for five years. The regulator also cancelled the Australian financial services licence (AFSL) of McFaddens Securities, now ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
More member assets are held in Choice products than in MySuper options, according to quarterly superannuation industry statistics by APRA. As of March 31, Choice products held $1.09 trillion of the total member assets held in APRA-regulated funds ($2.1 ...

Mercer appoints three new directors

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
Mercer has appointed three non-executive directors to its fiduciary boards, bringing experience at the likes of J.P. Morgan and Sunsuper. Former APP Securities chief executive Sangeeta Venketasan and State Super senior investment counsel David Hartley ...

Rest bolsters impact portfolio with private equity investment

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
In a strategic push to meet its impact investment objectives, Rest has invested in a pooled buyout fund run by European private equity firm ARCHIMED. The investment is part of a broader initiative to fulfill the superannuation fund's target allocation ...

Cbus delivers strong returns, grapples property headwinds

ANDREW MCKEAN  |  FRIDAY, 30 JUN 2023
Cbus is poised to deliver solid results for its members this year, forecasting a return of about 8.5%, according to newly appointed chief investment officer Brett Chatfield. Speaking with Financial Standard, Chatfield credited the result to a combination ...