FAAA launches Career Centre for advice profession
The Financial Advice Association has launched its Career Centre, an online resource for employees, job seekers, and career changers in the financial advice profession.
AFCA appoints two industry directors
The Australian Financial Complaints Authority has appointed Raylene Bellottie and Yien Hong to its board as industry directors, replacing Claire Mackay and Andrew Fairley.
Infocus invests in Wealth Connexion
Infocus has taken an undisclosed equity position in advice business Wealth Connexion in Brisbane, which will in turn acquire several retail practices formerly held by Infocus.
Gen X, Y most optimistic about retirement lifestyle: Aware Super
Australians with over 20 years left in the workforce are twice as likely to expect a more luxurious standard of living in retirement than they have today, according to new research by Aware Super.
Gen Z more concerned about finances than other generations: ASIC
Finances are a major concern for seven in ten Gen Zs (68 per cent), more than any other age group (57 per cent of non-Gen Zs), according to new research released by ASIC’s Moneysmart program.
TAL pays $2b in claims in last six months
TAL has paid $2 billion in claims during the last six months, according to an update from the life insurer.
Future Fund CIO rejects ‘macho, Darwinian’ investing culture
In his first public comments since being named chief investment officer of Australia’s sovereign wealth fund in August, Ben Samild has criticised the institutional investment industry’s penchant for “militaristic language and culture”. Samild told the Fiduciary Investors Symposium he was expanding the fund’s investment committee and prioritising portfolio resilience and his team’s wellbeing.
Govt introduces QAR draft law, but super fund advice left out
The government will release its first draft legislation for the Quality of Advice Review on Tuesday morning, only partly focused on Stream One. However, Minister for Financial Services Stephen Jones has assured the industry more will be addressed this year across all three streams with specific policy details around Stream Two – focused on advice super funds can give – expected by the end of the year.
Fortnum and AZ NGA firm acquire Australian Unity’s advice business
Licensee Fortnum Private Wealth and AZ NGA-owned professional advisory firm Nestworth Financial Strategists have partnered to acquire Australian Unity’s financial advice business.
Over 25pc of energy generation faces high climate risk: Research
Over 25 per cent of Australia’s energy generation currently falls into the three highest climate risk categories, according to the first version of the new Climate Risk Index released by insurer Zurich and consulting firm Mandala Partners.
AustralianSuper sets out to double the size of its ‘mid risk’ portfolio
Self-described “infrastructure geek” Jason Peasley is tasked with growing the mega-fund’s portfolio of real estate, infrastructure and private credit assets to $150 billion-plus, navigating a slew of market headwinds in the process.
Under-priced climate risk plagues institutional portfolios
Climate risk remains systematically under-priced and the world isn’t on course for net zero. Investors need to prepare for the risks of climate and environmental change and re-evaluate the risk in their portfolios, University of Oxford researcher Nicola Ranger warned delegates to Sustainability in Practice.
