BlackRock Alternatives has raised over $500 million to aid in the development of the NSW Waratah Super Battery. Funds managed by BlackRock’s infrastructure team will also help finance the construction of the WSB, which is a significant component of the project, a System Integrity Protection Scheme designed to act as a ‘shock absorber’ in the … Read more
National dealer group Spark Financial will begin operating as a profit-for-purpose organisation when it launches its Spark Legacy Program in the upcoming financial year. The operating model aims to improve financial literacy among young Australians, and Spark will be donating 100 per cent of its profits to nominated charity partners, the first of which will … Read more
Allianz Retire+ has received an ‘approved’ rating for its longevity solution AGILE from Lonsec Research. Lonsec determined AGILE to be a thoughtfully-considered and well-designed product that can assist retirees in overcoming the longevity risk by providing a steady or rising income stream over an investor’s lifetime. The solution was developed in consultation with the adviser … Read more
The corporate regulator has announced its cost recovery implementation statement for FY23, which estimates a $3217 per adviser figure in addition to the $1500 flat fee. Earlier this week, the Labor government announced the end to the ASIC levy freeze implemented in 2021. The announcement was accompanied by the final report of the Treasury review … Read more
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
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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.
