Two major advice associations have spoken out during consultation on the 30 per cent marginal tax rate proposal for super accounts holding over $3 million. The Financial Advice Association of Australia and SMSF Association have both suggested there are multiple kinks in the regime that need to be ironed out to avoid unintended consequences.
Plutosoft has launched ‘Bulk Activities,’ a functionality that allows advisers to bulk produce client reports.
Global X ETFs has appointed former BetaShares assistant portfolio manager Jessica Leung as a portfolio manager.
Held in the Emerald City this year, ACSI’s flagship annual conference will highlight the importance of managing human capital and human rights as the transition to a net-zero economy accelerates.
An ASIC review has found super fund trustees need to do more to optimise the benefits their members receive from group insurance through super.
The Future Fund has appointed David Bluff from US private equity giant Carlyle Group to head up its private equity team, reporting to deputy chief investment officer Alicia Gregory.
Financial advice platform DASH Technology Group has hired 10 staff across several teams after the fintech company completed a capital raise in March.
The $115 billion UniSuper has mandated local fund manager Revolution Asset Management to invest in non-investment grade senior loans in Australia and New Zealand amid deteriorating credit market conditions and improving yield.
Brighter Super will merge with SPSL Master Trust (SPSL) on 31 May 2023 to create a $29 billion super fund with over a quarter of a million members, the first between a not-for-profit and retail super fund.
Compulsory superannuation in Australia is a true success story. However, the absence of an objective for the system has brought challenges – especially as it was initially developed in an era when the Australian superannuation industry was very different from what it is today.
In 2022, investment management firm AXA IM conducted 596 engagements with 480 entities, mainly in Europe and North America. It also held 30 per cent more discussions at executive and board levels last year than in 2021. Climate change remained the main engagement theme at 28 per cent, according to AXA IM’s 2022 ‘Stewardship Report’. … Read more
Veteran financial services journalist Aleks Vickovich will join the parent company of Professional Planner and Investment Magazine as editor-in-chief.
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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.
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