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Put controls in place for super funds: Associations

CASSANDRA BALDINI  |  THURSDAY, 9 FEB 2023
Superannuation funds could soon break free from the shackles of intra-fund advice but financial advisers aren't happy about it. The Quality of Advice Review proposal (QAR) sitting before Treasury would give super funds the green light to provide ...

ETFs start 2023 with a bang: BetaShares

CHLOE WALKER  |  THURSDAY, 9 FEB 2023
... Crypto Innovators ETF was the best performing ETF... Returning 48% for the month," he noted. The report stated that January's top three ETF products by market cap were the Vanguard Australian Shares Index ETF, the Magellan Global Fund (Open Class) and ...

Private equity still hot: State Street

CHLOE WALKER  |  TUESDAY, 7 FEB 2023
Private equity will remain the top alternative asset class for new investment over the next two to three years, according to State Street's latest global survey. The survey, commissioned by State Street in Q4 of last year, surveyed 480 institutional ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... ($35.5bn), with the cost rising to 2% of GDP, up 0.5% since the turn of the century. "Super tax concessions now rank in the top three expenditure programs in Budget 2022-2023, costing more than the NDIS and on par with the cost of the entire Aged Pension," ...

Inflation remains high priority in 2023: Treasurer

CASSANDRA BALDINI  |  MONDAY, 6 FEB 2023
... relief without adding to inflation, growing the economy in a more inclusive and sustainable way, and repairing the budget are top of the list. "By that, I mean strengthening Medicare, better pay and higher standards of aged care, bolstering our national ...

Netwealth rolls out platform enhancements

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... respond to tasks, such as corporate actions and account notifications, like minimum cash balances. "For advisers, staying on top of clients' super and investment accounts is a critical part of their daily activities," explained Netwealth managing ...

HUB24 appoints chief people officer

CASSANDRA BALDINI  |  THURSDAY, 2 FEB 2023
... professional with a depth of experience and expertise," she said. "Over the years David has built extensive relationships with top tier accounting, auditing, SMSF administration and financial planning firms by helping these businesses to embrace and ...

Stop penalising women: HESTA

CASSANDRA BALDINI  |  WEDNESDAY, 1 FEB 2023
... financial security for women. In its pre-budget submission, the super fund said tracking and closing gender gaps remain its top priority. Most HESTA members are low and middle-income working women and are therefore less likely to be able to save outside ...

Fintech predictions for 2023: Finura

CASSANDRA BALDINI  |  TUESDAY, 31 JAN 2023
... complexity have never been higher, technology decisions will be a crucial element for your success in future years." Finura's top prediction is that 2023 will be tough for startups. "According to Crunchbase, in 2022, venture funding fell 35% compared ...

Ethical, sustainable ETFs top $9bn

RACHEL ALEMBAKIS  |  FRIDAY, 27 JAN 2023
Ethical, responsible and sustainability themed ETFs crossed $9.2 billion in funds under management by the end of 2022, according to Betashares. Betashares says that by the end of 22, there were 52 ethical, responsible and sustainability-themed ETFs. ...