Treasurer appoints three new ASIC commissioners
ASIC has appointed Choice CEO Alak Kirland, Treasury first assistant Katherine O’Rourke, and Commonwealth Bank’s Simone Constant as commissioners.
IMAP announces 2023 managed account award winners
The Institute of Managed Account Professionals has announced the winners of the 2023 IMAP Managed Account Awards across nine categories.
Treasury to probe retirement as intergenerational report drops
Treasurer Jim Chalmers is expected to kick off a public consultation about retirement income settings, as the landmark intergenerational report shows superannuation will take significant pressure off the age pension over the next four decades. The Conexus Institute’s David Bell says no major DC pension system has successfully pulled off the transition from accumulation mode.
FAAA statement on ASIC’s performance to Senate inquiry
Following is a statement made by the Financial Advice Association to the Senate Economics References Committee on 23 August about ASIC’s performance by FAAA chief executive Sarah Abood and three better ways it can achieve its goals.
SCA updates retirement savings guidance
Consumer advocate Super Consumers Australia has updated its home-owner retirement savings targets to reflect changes in the cost of living and the Age Pension.
BRICS alternative to US dollar a risk for insto investors
China’s clash with the US creates a slew of currency, geopolitical, climate and military risks for Australia, says Vikram Mansharamani. In an interview on the sidelines of the Portfolio Construction Forum Strategies conference in Sydney, the analyst and Harvard lecturer says institutional investors can’t just ignore them.
Exclusive interview with Prime Minister Anthony Albanese
Prime Minister Anthony Albanese speaks with Conexus Financial editor-in-chief Aleks Vickovich.
Albanese says nation-building consistent with super’s purpose
In an exclusive interview with Investment Magazine, Prime Minister Anthony Albanese says superannuation is an “extraordinary national asset” that should play a critical role in supporting long-term social infrastructure. The government’s proposed purpose of super would preserve retirement savings from raids, he says, while allowing capital to be deployed to national priorities.
Financial services leaders urged to back the Voice
Prime Minister Anthony Albanese has called on industry leaders to honour the business community’s “proud history” of support for reconciliation with First Australians, encouraging them to back the referendum to establish an Indigenous Voice to Parliament. It comes as Conexus Financial throws its support behind the ‘Yes23’ campaign.
MetLife launches 2023 plan for reconciliation
MetLife Australia has launched its 2023 Reflect Reconciliation Action Plan (RAP) as part of its commitment to reconciliate with First Nations peoples.
ART hits $260b AUM on completion of Woolies deal
Australian Retirement Trust has completed a successor fund transfer with Woolworths Group and Endeavour Group, and flagged that more transactions are to come. The deal takes ART’s total pool of assets to more than $260 billion.
