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Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
The Joint Associations Working Group (JAWG) says new laws that enable superannuation funds to deduct financial advice fees will have the opposite effect of reducing red tape and can make advice even more unaffordable. Treasury Laws Amendment (Delivering ...

DomaCom chief executive John Elkovich steps down

ANDREW MCKEAN  |  MONDAY, 4 MAR 2024
Fractional property investing platform DomaCom's chief executive John Elkovich has resigned effective immediately due to personal reasons. DomaCom chair and ex-Liberal Part leader John Hewson praised Elkovich's contributions, notably his oversight of ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
The Association of Superannuation Funds of Australia (ASFA) has reported a sharp decline in group insurance coverage, pointing the finger at recent reforms. ASFA research indicates that the implementation of the Protecting Your Super (PYS) and Putting ...

Aware, Macquarie partner on green finance

RACHEL ALEMBAKIS  |  TUESDAY, 27 FEB 2024
... deal to buy a specialty infrastructure finance company alongside Macquarie Asset Management's (MAM) Green Investment Group (GIG). Aware's private equity team will co-invest in Galway Sustainable Capital (GSC), a specialist infrastructure financier ...

Twynam Group targets US$50m for new fund

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... Singapore. Notable founding investors include Walmart heir Lucas Walton, and Swinburne University of Technology. Twynam Group chief executive Johnny Kahlbetzer said the family office has been interested in decarbonisation for over 20 years. His late ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... opportunities for ANZ, Suncorp Bank and our customers, as well as major public benefits for Queensland." Meanwhile, Suncorp Group chair Christine McLoughlin said the decision reflects the importance of strong, sustainable insurance and banking systems ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
Macquarie Group has reported a "substantially lower" net profit after tax in FY24 and announced the departure of its long-serving head of commodities and global markets Nicholas O'Kane. Macquarie's annuity-style divisions, Macquarie Asset Management ...

SMC finds $38k nest egg boost for working mums

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... when they work part-time and undertake caring responsibilities. ATO data shows there is a significant overlap with this group and LISTO eligibility," the SMC said. The two reforms can boost the super balances of the lowest paid women by 21%. These are ...

Finnfund names chief investment officer

CHLOE WALKER  |  WEDNESDAY, 17 JAN 2024
... senior independent director at Bank of Georgia. Loikkanen has previously worked in management positions at Nordea Finance Group and East Capital. Interestingly, Loikkanen also has connections to Australia, having pursued her master's degree in international ...

Blackstone appoints co-chief investment officers

JAMIE WILLIAMSON  |  FRIDAY, 12 JAN 2024
... real estate. Blackstone said the appointments are reflective of the increasing breadth of investment strategies and the group's continued growth. It recently ticked over US$1 trillion ($1.49 billion) in assets under management and has a further US$200 ...
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