Fund manager Perpetual has appointed Anthony Aboud as deputy head of equities for Perpetual Asset Management Australia (PAMA). Aboud has more than 23 years’ experience and has been with Perpetual since 2012. He will continue to work closely with Vince Pezzullo, who in November was appointed head of equities, and the broader PAMA team. Perpetual also … Read more
The flawed YFYS performance test is too complex a problem to solve inside legislation. A better approach would be to transfer it across to APRA. While this takes time, it would ultimately lead to a better performance testing framework.
A panel of experts discuss in a roundtable the role super funds have in providing a safety net that includes insurance and health support, and the challenges this brings to their traditional investment mandate.
The $298 billion California State Teachers’ Retirement System has struggled to find meaningful investment opportunities to protect its portfolio against inflation, highlighting one of the key challenges funds potentially face as they grow.
Global wealth management platform FNZ has migrated UBS Australia onto post-trade processing engine SynOps. In a media releases, UBS said this migration will ensure that more end investors can access a greater variety of investments more efficiently. SynOps is FNZ’s post-trade securities processing engine and is part of FNZ’s Syn product suite which provides real-time trade … Read more
Count Financial has added Kyle Brown Wealth Management to its national advice community. In a media release, Count noted 74 new advisers have joined the network in 2022. Kyle Brown Wealth Management was formed out of a larger Hobart-based firm in 2017. Brown, the subject of a recent Professional Planner profile, was driven by a passion … Read more
Criminal proceedings against the Commonwealth Bank regarding credit insurance have been dismissed due to the underlying criminal charges falling outside the statute of limitations. In a media release on Tuesday morning, ASIC said CBA had previously pleaded guilty to 30 criminal charges of making false or misleading representations to customers when selling consumer credit insurance … Read more
Balanced portfolios will be more volatile without the “natural hedge” provided by a negative correlation between stocks and bonds, but diversification will remain a powerful tool to protect portfolios, according to Noah Weisberger, managing director in the Institutional Advisory & Solutions group at PGIM.
Balanced portfolios will be more volatile without the “natural hedge” provided by a negative correlation between stocks and bonds, but diversification will remain a powerful tool to protect portfolios, according to Noah Weisberger, managing director in the Institutional Advisory & Solutions group at PGIM.
The Albanese government’s possible adoption of the recommendations of the Social Impact Investing Taskforce could trigger the entry of institutional capital into the impact investing market in Australia.
The Labor government will replace the Administrative Appeals Tribunal with a new administrative review body after claims it has been stuffed with Liberal staffers appointed with no merit. Attorney General Mark Dreyfus said the public standing of the tribunal has been “irreversibly damaged” due to the actions of the former government, citing the appointment of … Read more
The Financial Services Council has released an enforceable standard for handling group life insurance claims in superannuation which will replace the previously voluntary guidance. In a media release, the FSC stated the new standard sets out the minimum level of service consumers should expect to receive from their superannuation fund when making a claim on … 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.
