2021-22 saw poor investment returns – the bad news and the good

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Key points 2021-22 was a rough year for investors as high inflation, rising interest rates and recession fears impacted. Shares could still fall further as interest rates continue to rise and recession risks are high. However, inflation pressures are showing some signs of easing which may take pressure off central banks from later this year.... Read more continue reading

Quality of Advice Review comes under the microscope at Tech Summit

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Allens partner and superannuation law expert Michelle Levy, who is heading the Quality of Advice Review with Treasury, will join a panel dissecting Quality of Advice at the SMSF Association Technical Summit being held on 27-28 July on the Gold Coast. Levy will be one of five speakers on the Breakfast Panel discussing the topic, “Quality... Read more continue reading

Natalie Cameron named Lead Ombudsman, Banking and Finance

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The Australian Financial Complaints Authority (AFCA) has announced the appointment of Natalie Cameron as its new Lead Ombudsman for Banking and Finance. Natalie was appointed after an extensive executive recruitment process and moves into the position from her current appointment as Lead Ombudsman for Investments and Advice at AFCA. She has been acting in the... Read more continue reading

AMP Bank among first Australian banks to operate core platform in the cloud

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AMP Bank has announced the successful migration of its core banking platform to the cloud, significantly increasing the Bank’s agility, innovation, and customer experience. The migration of AMP Bank’s core platform to the cloud, hosted on Amazon Web Services (AWS), will enable new levels of flexibility and scalability for AMP Bank to continue delivering retail... Read more continue reading

Citi and Citi Foundation welcome two new community partners

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This NAIDOC Week, Citi, together with Citi Foundation, has welcomed Indigenous-led Bangarra Dance Theatre and the Minderoo Foundation as new partners. Citi Australia’s Head of Community, Sponsorship, and Engagement, Louise Lindsay, said Citi, globally, had a long history of addressing racial equality and was proud of local efforts to elevate the voice of Indigenous Australians.... Read more continue reading

GQG Partners celebrates six years with top quartile performance and investment team promotions

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GQG Partners recently marked its sixth anniversary with over US$94 billion in assets under management and top quartile performance across all four core strategies – Emerging Markets Equity, Global Equity, International Equity, and US Equity – since their inception[1]. Since its founding in 2016, GQG has added significant value for clients, and as a result... Read more continue reading

Equity Trustees appointed RE for Foord global equities

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Equity Trustees has been appointed as local Responsible Entity (RE) by Foord Asset Management (Singapore) Pte. Limited (Foord), which celebrated its tenth anniversary this year. Foord’s genesis as an investment manager was in South Africa with Dave Foord having founded Foord Asset Management in 1981, and expanded its footprint to Guernsey in 1997, Singapore in... Read more continue reading

Findex investing in internal talent with new metro and regional Partners announced

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Findex Group Limited (“Findex”) one of Australasia’s largest privately-owned providers of integrated financial advisory and accounting services, today announces its new Partner and Associate Partner promotions and hires across both metro and regional Australian locations. Findex has appointed 46 new Partners and Associate Partners in Australia and a total of 57 across Australia and New Zealand – an increase... Read more continue reading

Total property listings fall in June

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Key points National residential property listings fell in June 2022 by 1% to 221,572 from 223,859 in May. Compared to 12 months ago, listings dropped 6.2%. Nationally, new listings (Less than 30 days) fell 5.4% over June, with 70,885 new properties added onto the market. New listings are down 2.1% over the year. Old listings... Read more continue reading

Jason Collins expands his Deputy Country Head remit to include Head of iShares and Index Investments for BlackRock Australasia

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BlackRock Australasia has appointed Jason Collins as Head of iShares and Index Investments for the Australian and New Zealand region effective immediately. This will form part of his broader responsibilities as Deputy Head of BlackRock Australasia, where Jason works across strategic initiatives and has high-level responsibility for enterprise relationships in the region. Jason is also... Read more continue reading