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Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... the prior year. Conversely, there were 616,400 SMSFs in total, up 3% from 596,370 year on year. Separately, Treasury is seeking feedback on the proposed levies for APRA affecting the 2024-25 financial year. Treasury estimates it will cost a net total ...

Brookfield Oaktree to further democratise alternatives in Australia

ANDREW MCKEAN  |  TUESDAY, 28 MAY 2024
... "We've hired about 155 people globally to focus on that expanding opportunity set as we see private wealth investors seeking access to alternatives, whether it's real estate, private credit, or infrastructure, through wealth-friendly vehicles. ...

Employees will quit on full return-to-office orders: Survey

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... most important factor when considering a new role, Peters said, adding there's a significant increase in candidates seeking or preferring roles with flexible working arrangements. "Workplace culture and flexible working arrangements are becoming ...

Geopolitical risks push APAC family office allocations locally

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... portfolios. If cash rates fall, many family offices aim to fund their increased fixed income allocations mainly from cash. Those seeking to add fixed income over the next five years, more than half (53%) said they plan to do so by shrinking cash allocations. ...

PrimaryMarkets launches new financial adviser channel

ANDREW MCKEAN  |  WEDNESDAY, 22 MAY 2024
... providing liquidity where it would otherwise be difficult. The platform is designed to make things easy for advisers, seeking to lessen their administrative work. PrimaryMarkets executive chair Jamie Green said registration takes about 30 seconds, and ...

Fidelity confirms active ETFs to launch in coming weeks

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
... investors easy access to some of our most popular funds in Australia, with solid long-term track records. Whether they are seeking exposure to offshore market opportunities like Asia, India or global small to mid-caps, or to a high quality concentrated ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... to comply with licensing requirements or posting misleading content can result in legal consequences. ASIC recommends seeking legal advice if there is any uncertainty about these obligations.

Sequoia seeks Takeovers Panel intervention

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... increases in collective voting power above 20% in the company and breaches Corporations Act section 606. While Sequoia is not seeking interim orders, the panel said it wants the shareholders to "give Sequoia a corrective substantial shareholder notice ...

Magellan advances MGF conversion to open class

KARREN VERGARA  |  FRIDAY, 17 MAY 2024
... hearing to obtain judicial advice under section 63 of the Trustee Act 1925 (NSW) in respect of the proposal. This involves seeking judicial advice to, among other things, convene meetings of unitholders to consider, and if thought fit, approve the resolutions ...

Former NSW adviser loses ban appeal

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... Swinsure which was authorised from 1 July 2020 to 30 July 2020. On 21 December 2022, Sweeney filed an application at the AAT seeking a review of ASIC's decision. On 26 April 2024, the AAT found that a permanent ban was appropriate as the fraud was "blatant ...
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