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Showing 1 - 10 of 69 results for "UK Government"

Can technology help advisers service the masses?

KARREN VERGARA  |  TUESDAY, 26 NOV 2024
Financial advisers who choose to serve the masses instead of specialising must reckon with how to leverage technology to make this possible amidst the influx of wealth Australians do not know how to plan for, according to industry experts. A panel of ...

UK to follow Australia's lead in creating megafunds

JAMIE WILLIAMSON  |  THURSDAY, 14 NOV 2024
... contribution schemes of 86 administering authorities will be consolidated and their assets pooled to create megafunds. The UK government plans to introduce a new Pension Schemes Bill next year to create megafunds that mirror those operating in Australia ...

UK announces new Pension Schemes Bill

JAMIE WILLIAMSON  |  THURSDAY, 18 JUL 2024
The UK government plans to introduce a 'value for money' test for workplace pension schemes and mandate them to offer retirement products, as it looks to ensure Brits retire with more. A new Pension Schemes Bill, announced in a speech by King ...

UK government to establish national wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2024
Delivering on a key election promise, the newly installed UK government will launch a National Wealth Fund in the coming days to ramp up private sector investment in infrastructure projects. Announced overnight, the UK Infrastructure Bank and the British ...

Super Members Council renews calls for anti-hawking extension

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2024
... trustees also displayed variability in the onboarding and monitoring processes of financial advisers. Last year, the UK government announced it would extend its own anti-hawking provisions to cover all financial services in a bid to curb the rise in ...

UK forewarns Australia on wholesale test changes

KARREN VERGARA  |  THURSDAY, 23 MAY 2024
... UK serves as a cautionary tale for Australia as it mulls overhauling its own wholesale investor thresholds. The UK government introduced new HNWI and sophisticated investor definitions on January 31 which raised the income threshold from £100,000 to ...

Nest appoints interim chief executive

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
... officer. The board of Nest will run an open process to appoint a permanent chief executive during 2024. Nest is the UK government's workplace pension scheme, established in 2008. It currently invests £39 billion ($74.8 billion) on behalf of its 13 million ...

Infrastructure a foundational portfolio asset class: IFM Investors

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... Nevertheless, several European countries have been boosting their allocation to infrastructure recently. For example, the UK government has mandated English and Welsh local government pension schemes to establish collectively owned asset managers since ...

Sexism in the City: UK financial sector slammed

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAR 2024
The "shocking" prevalence of sexism and misogyny in the UK's financial services sector has led a government committee to recommend a raft of reforms. On International Women's Day, the UK government's Treasury Committee released Sexism in ...

AustralianSuper to deploy £8 billion in the UK

ANDREW MCKEAN  |  TUESDAY, 5 MAR 2024
... deliver sustainable, high-quality returns for members. "We have developed a close and supportive relationship with UK government departments focusing on opportunities that can deliver strong, long-term returns for AustralianSuper members, as well as ...
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