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.
UniSuper places advice on par with investments
The board and senior management of $115 billion industry fund UniSuper have signed off on a strategy that frames financial advice as equally important to the fund’s mission statement as investing prudently on their members’ behalf.
Bravura appoints global head of product
Financial services software company Bravura Solutions has appointed Greg Johnson as global head of product as it continues to transition to a product-centric organisation.
Nominations open for inaugural FAAA awards
The Financial Advice Association has launched its inaugural FAAA Awards program, designed to recognise members who deliver the highest standards of professional and trusted advice to Australian consumers, and those who are going above and beyond to support their local communities.
Over 250k Rest members get more super from $450 threshold change
Profit-for-member fund Rest has estimated that up to 260,000 of its members are now receiving their full super entitlements due to the removal of the monthly income threshold of $450 on 1 July 2022.
