Australian women top region for financial confidence – but gender gap remains
Australian women are more confident than their Asia Pacific counterparts in their ability to manage their own money, according to research by Fidelity International.
Ian Knox to replace Bernie Ripoll as Otivo chair
Ian Knox will replace FoFA mastermind Bernie Ripoll as chair of digital advice service Otivo who will stay on as a non-executive director.
‘We’re not trying to get too cute with timing’: Equipsuper CIO
With $30 billion under management, Equipsuper’s main investment philosophy is underpinned by a whole of portfolio approach and “the most important tool we have in the kit bag is diversification,” according to the man leading the fund’s investments.
Australians support super tax hike, expect more changes: CoreData
New research reveals two-thirds of Australians support an increase in the tax on earnings of super funds with account balances of more than $3 million.
PGIM appoints head of institutional relationship group
PGIM has appointed Murray Brewer as head of its institutional relationship group for Australia and New Zealand. He is responsible for leading the firm’s growth plans and continued expansion of its regional institutional client base. Brewer has over 30 years of experience in Australia’s investment management industry. Before joining PGIM, Brewer was country head of … Read more
Over 500k taxpayers could be impacted if super balance cap isn’t indexed: FSC
Analysis of ATO data from the Financial Services Council (FSC) shows over 500,000 current taxpayers will be adversely impacted by the government’s proposed 30 per cent tax rate on earnings above $3 million. The modelling has produced examples of actual taxpayer impacts. Examples include: A 25-year-old IT professional earning $100,000 with a current superannuation balance of … Read more
ART announces executive restructure, two departures
Australian Retirement Trust (ART) has announced changes to its executive structure including a yet to be appointed newly-created role of chief of retirement to focus on ART’s retirement strategy. Chief member officer Karin Muller will depart the company in March to pursue other opportunities. Muller joined QSuper in 2015 and has held roles across information … Read more
Super tax breaks raises costs and key operational risks
The government’s plan to double the tax rates of earnings from high superannuation account balances will make the industry more complex to administer, leading to increased cost to members.
Why asset owners need to be ‘technologised investors’
The use of technology has the potential to transform the investment industry bringing down the cost of asset management, exponentially increasing innovation and building more resilient and adaptive portfolios. So investors need to move now to keep pace with the change.
Low barrier ethical investing option for Islamic Australians launched
Islamic financial services provider Meezan Wealth Management has launched a low-cost digital investing solution to remove obstacles to ethical investing for the wider Islamic community in Australia. The portfolio is managed by Lifespan Financial Planning’s investment committee and is underpinned by Melbourne-based investment platform, OpenInvest. Meezan said the solution, called Meezan Invest, would revolutionise the … Read more
Amundi appoints head of institutional sales
Asset manager Amundi has appointed Lawrence Wee as head of institutional sales in south Asia, based in Singapore. Wee brings more than 20 years of experience to the role. He previously worked as regional head of business development and marketing at Asset Management One. Before this, he headed the institutional sales teams at Manulife Investment … Read more
Dividends rose to new records in 2022: Janus Henderson
Global dividends grew strongly in 2022, rising 8.4 per cent to a record US$1.56 trillion ($2.31 trillion). After adjusting for the US dollar’s rise against most currencies and lower special dividends and other technical factors, underlying growth was stronger, at 13.9 per cent. Australian dividends hit $97.7 billion in 2022 – a record in Australian … Read more
