Financial Advice NZ appoints former AFA general manager as CEO
Financial Advice New Zealand has appointed former AFA general manager and NZ national Nick Hakes as CEO.
Growth funds return 9.9 pc in CY23: Chant West
The median growth super fund (defined as 61 to 80 per cent in growth assets) has returned 9.9 per cent in calendar year 2023, according to researcher Chant West.
Why ART’s top investment strategist is optimistic about markets
Australian Retirement Trust’s Andrew Fisher is eyeing returns in the balanced option of between 8 and 9 per cent going forward, hoping to exceed low expectations by bucking the trends of investment internalisation and heavy exposure to infrastructure. He also opens up about ART’s position on the failed Origin Energy takeover.
Deep-sea mining versus the common heritage of humankind
As the issue of deep-sea mining heats up – and geopolitical tensions rise – more asset owners will have to decide and share their stance on the practice. But the issue is more complex than simply whether DSM is more or less environmentally destructive than land-based mining.
Almost 6k advisers still need to complete new ASIC registration obligation: FAAA
Nearly 6000 financial advisers are yet to be registered under a separate obligation with ASIC, putting them at risk of no longer being able to provide advice, the Financial Advice Association has warned.
NGS Super selects Grow Inc as administrator
The $14 billion NGS Super has appointed startup Grow Inc as its new administrator, switching from Mercer following a review.
AIA Australia donates $60k to local sports organisations
AIA Australia has donated a total of $60,000 to three grassroots tennis clubs and three local surf schools in New South Wales and Victoria to support their sports programs.
Zenith nabs CFS talent as group head of product
Zenith Investment Partners has appointed Matt Warren to the newly created role of group head of product, reporting to managing director Jason Huddy.
APRA retires two prudential practice guides for insurers
APRA has retired two prudential practice guides for general and life insurers as it looks to consolidate the regulatory framework.
‘Get act together’ on decumulation, ex-ASIC commissioner warns
Delivering effective financial advice and retirement income solutions to members is critically important, says former ASIC commissioner Danielle Press in her first interview since leaving the regulator. Decumulation is tricky, Press admits, but says fund execs are smart people and super funds are big businesses, so they have few excuses to get it right.
Risks facing investors in 2024 could test claims of soft landing
Investors face a plethora of risks in 2024 so it will be interesting to see how credible Janet Yellen’s declaration that the US economy has achieved a soft landing looks at year end, and to know what became of the asset rally fanned by such hopes as the year opened.
Former UniSuper CEO Kevin O’Sullivan joins the CSLR board
Former UniSuper CEO Kevin O’Sullivan has joined the Compensation Scheme of Last Resort transitional board as a non-executive director, ahead of the scheme’s scheduled commencement in April.
