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ASIC hits back at parliament: 'Simply not realistic'

ELIZA BAVIN  |  TUESDAY, 30 APR 2024
... are very well resourced and unlike just about any other country in the world, quite happy to take ASIC on," he said. "From time to time our powers are challenged in the courts, sometimes all the way up to the High Court. That's a resource-intensive activity." ...

Future Fund posts 10.1% annual return, surpassing benchmark

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
... resilience and expectations of several rate cuts in Australia and the US before year end. But as we have been saying for some time, inflation remains sticky and while it remains above central bank targets the risk is that rates will be held higher for ...

What retiree portfolios need to avoid future cost-of-living crises

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
... Challenger report. Investments much achieve a real rate of return that not only provides growth but also offset inflation over time. But managing inflation risk is particularly crucial during retirement because it impacts portfolios differently during ...

J.P. Morgan lists new global equity ETF

ANDREW MCKEAN  |  MONDAY, 29 APR 2024
... Australia and New Zealand Mark Carlile said with inflation starting to cool and market expectations of a soft or no landing, it's time for investors to deploy their cash and consider an "alpha engine" that leverages the firm's global research capabilities. ...

Schroders chief flags retirement

ANDREW MCKEAN  |  FRIDAY, 26 APR 2024
... strategy, with his exemplary leadership team." Harrison, who started his career as a graduate at Schroders, said it was the right time for the board to begin searching for a successor and to do so transparently with its stakeholders. "I remain fully ...

Sequoia chief's job at stake in upcoming EGM

ANDREW MCKEAN  |  FRIDAY, 26 APR 2024
... our team as I always have," he said. "Looking ahead, I have agreed to a new two-year contract with the board, during which time I will look to groom and mentor a suitable replacement for the business, who will continue to drive our excellent group performance. ...

Scott Farquhar steps down from Atlassian

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... giant as its sole chief executive. Atlassian said Farquhar came to the decision to step down after 23 years to spend more time with his family and focus on philanthropic ventures. "While it's a difficult decision to step away, I do so knowing Atlassian ...

Platinum announces strategic review

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... value," Platinum said. "There are complex legal, tax, and operational issues that need to be considered, which will take time to work through." These reviews play into a broader turnaround program announced by Platinum in February. Platinum chief executive ...

Institutional investors eye increased exposure to Vietnam

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... surveyed investors would increase their allocations, with 55% planning substantial increases and 7% investing for the first time. Should Vietnam be upgraded, 86% of professional investors would boost their allocations through actively managed funds ...

FSC expands financial advice membership

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... contribute to the FSC's policy development processes. FSC chief executive Blake Briggs said the initiative comes at a critical time in the financial advice reform debate. "The financial services industry is at its strongest when it speaks with a unified ...