Superannuation reverses losses with strong 2023 returns

Chant-West/Superannuation/performance/Mano-Mohankumar/

| By Rhea Nath |

Super funds have delivered a strong 2023 calendar year result, bolstered by strong international share markets, successfully reversing losses of 4.6 per cent in the previous year.

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Chant West

Superannuation

performance

Mano Mohankumar

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Three Aussie firms among first signatories of global disclosure regime

RIAA/ESG/climate-change/

| By Laura Dew |

Funds management

Three investment managers are among the first 12 Australian organisations to state they intend to start making disclosures aligned with the global Taskforce on Nature-related Financial Disclosure.

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RIAA

ESG

climate change

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Government seeks to implement mandatory AI guardrails

artificial-intelligence/government/ASIC/regulation/FSC/

| By Laura Dew |

Policy & Regulation

With several financial services firms looking to implement AI into their business, the federal government is examining introducing mandatory guardrails to ensure it can be a global leader in responsible AI.

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artificial intelligence

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Thousands of advisers risking career without new ASIC registration

financial-advice/ASIC/Sarah-Abood/

| By Laura Dew |

Financial planning

Almost 6,000 financial advisers have just two weeks to register with ASIC if they wish to continue to provide advice with the FAAA warning “a lot is at stake” if they remain unregistered.

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financial advice

ASIC

Sarah Abood

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Five ways the advice exam could change in the future

ASIC/treasury/exam/professional-year/

| By Laura Dew |

Financial planning

Money Management collates the recommendations of major associations and how they would like the financial advice exam to change in the future following consultation.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Fund managers most bullish on rates in 23 years

Bank-of-America/interest-rates/central-banks/cash/sentiment/equities/

| By Laura Dew |

Funds management

Global fund managers are starting the year with an optimistic mindset and “have never been as bullish” on the prospect for short-term interest rates, according to Bank of America.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Licensee switching prompts outflows at Praemium

praemium/Powerwrap/platforms/licensees/

| By Laura Dew |

Funds management

Licensee switching by advisers has led Praemium to report $334 million in net outflows in the December quarter on its ultra-high net worth platform Powerwrap with the rate expected to continue for the next nine months.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Adviser numbers start 2024 with double-digit gains

Wealth-Data/adviser-numbers/Colin-Williams/

| By Laura Dew |

Financial planning

Adviser numbers are off to a good start for 2024 with double-digit gains for the first two weeks of the year, according to Wealth Data.

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Wealth Data

adviser numbers

Colin Williams

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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CSLR board appoints former UniSuper CEO

unisuper/CSLR/AFCA/board/

| By Laura Dew |

People & Products

The transitional board of the Compensation Scheme of Last Resort has appointed former UniSuper chief executive Kevin O’Sullivan, as a former AFCA director steps down.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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AFCA ups compensation cap for investment and advice complaints

AFCA/complaints/compensation/

| By Laura Dew |

Financial planning

Advisers could find themselves facing a larger bill this year if they receive an investments and advice complaint as AFCA updates its monetary rules and compensation cap for complaints.

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AFCA

complaints

compensation

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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