AustralianSuper has promoted head of international investments Damian Moloney to the role of deputy CIO, effective 1 July. Based in AustralianSuper’s London office for the past five years, Moloney had direct responsibility for the build out of the European and US offices, a key part of the fund’s global growth strategy. Moloney will continue to … Read more
Adelaide-based advisory firms, Crosby Dalwood and Warnecke & Co, will merge and be rebranded as Count Adelaide from July 2023. The two businesses bring over 70 years of combined experience in providing accounting and wealth advisory services to South Australians and will be led by managing principal Peter Burrows. The development follows Count’s recent company … Read more
Around 50 per cent of Australian advisers are now authorised to write MyNorth Lifetime under their approved product lists and Lifetime accounts have been written by advisers operating under more than 30 different licensees. In a press release from North parent company AMP, the number of advisers using MyNorth Lifetime has grown by 20 advisers … Read more
The Ukraine invasion is an epic tragedy but also an opportunity for the West to re-discover its values and restore neglected relationships with much of the world, according to Professor Stephen Kotkin, an American historian, academic and author.
Organisations need to completely shift their approach to financial reporting in a bid to meet new sustainability standards and to better draw the connections between climate, social factors and financial risk and opportunity.
MSC Trustees has been selected by global investment manager abrdn to assume trusteeship and responsible entity duties across its Australian fund book. The book comprises 10 registered funds and $1.5 billion funds in management and the appointment will commence from the start of the upcoming financial year. In a media release from MSC Trustees on … Read more
After releasing the final report of the ASIC Industry Funding Model, the government has decided to end the ASIC levy freeze put in place in 2021. The freeze was put in place by the Coalition government in August 2021 after ASIC initially estimated advisers would need to pay a flat fee of $1,500 per license plus … Read more
Industry Super Australia and IFM Investors have both appointed chairs to replace Greg Combet who departed to lead the new Net Zero Economy Agency. ISA chair Former NSW Treasurer under the Nick Greiner Liberal Premiership (and not the former PwC partner) Peter Collins has been appointed as chair of the board of ISA. Collins joined … Read more
ASIC is calling on superannuation trustees to ensure they are meeting their legal obligations for dealing with incoming money from consumers if a new or increased interest in a super product cannot be issued by the next business day. In a media release on Tuesday, ASIC said the call follows a review conducted by the … Read more
A group of three Betashares’ flagship ETF funds – it’s ASX 200 (A200) and NASDAQ 100 (NDQ) trackers, and Australian High Interest Cash fund (AAA) – have recently each passed $3 billion in Funds Under Management. In a media release, the Betashares noted the milestone is significant because only 11 of the 330+ exchange-traded products … Read more
Industry super fund Rest has appointed Willis Towers Watson as its asset consultant to its board and board investment committee. In a media release, the fund said the appointment will bolster the independent advice within Rest’s investment governance framework. The appointment followed a competitive tender process that began in October 2022. WTW will commence the … Read more
CPI-plus targets were easier to achieve when interest rates and inflation were low. Now that the environment has changed, leading industry figures are questioning whether funds really believe their own targets, or whether they are keeping them to save face alongside their peers.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
