Institutional demand for private credit has been growing, underpinned by attractive returns and the natural hedge the asset class provides against rising interest rates. Investor appetite is holding up as current market conditions have resulted in more lender-friendly structures and higher yields.
Mid-cap stocks offer better average returns than small caps, coupled with similar alpha opportunities and a substantially lower tracking error over the base S&P ASX 300, which makes them more attractive according to portfolio managers. While capacity can impact the alpha profile of a portfolio.
Australia’s largest super fund AustralianSuper has appointed senior executives to head up retirement and members, highlighting the growing focus of super funds in the decumulation asset phase as more members retire.
Married couple Richard and Gwenda Marshall have been banned from providing financial services for six and three years, respectively, for operating a financial services business without holding an AFSL licence.
The SMSF Association remains “resolutely opposed” to a cap on superannuation balances which has been proposed by Labor.
The outcome of the AMP Buyers of Last Resort class action suit is not expected until next year, an AMP spokesperson has confirmed to Professional Planner.
Perpetual has received another non-binding proposal from BPEA Private Equity and Regal Partners which it has rejected.
AMP kicked off its national conference in the Gold Coast last night with a dinner presenting the ASTRUM Awards, recognising practices and advisers in the network.
The major banks reported a combined cash profit after tax of $28.5 billion, a 7.2 per cent increase from FY21 despite inflation and rising interest rates creating pressure on consumers.
iExtend has appointed Lindsay Stark as a senior risk manager, who will provide support and expert guidance on the growing number of individual qualifying policies to be co-owned by iExtend.
ASIC has placed an interim stop order on offers from Finnia Income in response to deficiencies in the issuer’s target market determination (TMD).
Industry super funds CareSuper and Spirit Super have begun exploring the possibility of merging, but the projected combined pool will be below APRA’s preferred fund size.
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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.
