Frontier Advisors appointed asset advisor to the University of Adelaide

South-Australia/

| By Rhea Nath |

Financial planning

The investment advisory firm would work on the strategy, structure and monitoring of the university’s endowment fund.

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South Australia

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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Platinum launches global transition ETF

Platinum-Asset-Management/ETF/ESG/

| By Jasmine Siljic |

Funds management

Platinum has launched the Platinum Global Transition fund, aiming to invest in global ESG-focused companies.

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Platinum Asset Management

ETF

ESG

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Allianz Retire+ launches guaranteed retirement income product

allianz-retire+/retirement/APRA/product-launch/

| By Laura Dew |

People & Products

Allianz Retire+ has launched a retirement income product offering guaranteed income for life with 10 million people expected to retire over the next 20 years.

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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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Charter Hall takes 1H23 earnings hit

half-year-results/

| By Charbel Kadib |

Funds management

The property investment and funds management firm has reported weaker earnings and a 56% plunge in statutory profit in its latest financial results update.

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half-year results

AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

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Iress drives focus back to Australian advice software business

financial-advice/

| By Laura Dew |

Financial planning

Iress has reinvested in its core Australian trading and advice activities, including a digital advice capability, as it believes Australian clients have been “underserved” by the firm’s focus on offshore activities.

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financial advice

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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Former Goldman Sachs exec to lead Pengana capital markets division

launch/

| By Rhea Nath |

People & Products

The fund manager has launched a dedicated capital markets division, to be led by a former head of equities at Goldman Sachs Australia.

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launch

AUTHOR

Rhea Nath

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Grandfathered or Deemed?

On 1 January, 2015, the income test assessment of account-based pensions changed for income support payments and also for the Commonwealth Seniors Health Card (CSHC).

Account-based pensions commenced on or after 1 January, 2015 are deemed for income test purposes for both, income support payments and CSHC assessment. Account-based pensions established prior to 1 January, 2015 may be grandfathered if certain requirements are met.

For income support payments, account-based pensions are classed as grandfathered if all of the following requirements are met:

Keeping an SMSF investment strategy on track

Self-managed super fund (SMSF) trustees are ultimately required to take on many responsibilities. From being the decision point for all fund actions, to managing the fund prudently for the benefit of all fund members – all while being aware that they, as members, will not have access to any special compensation schemes or access to the Australian Financial Complaints Authority (AFCA) if something goes wrong. It’s a lot to take on, and a financial adviser can help trustees understand how both superannuation and tax law may apply in their circumstances.

Utilising the advantages investment bonds

Investment bonds are often considered an old fashioned investment option, and as a savings vehicle they can be overlooked by financial advisers and their clients. But the reality is that investment bonds have a number of advantages that make them well worth a closer look.

Robo advice vs digital advice: what is the difference?

The Government’s Quality of Advice Review is one of the most important financial services policy reviews to be held in recent years. It will consider improvements to the regulatory framework to reduce complexity and better enable accessible and affordable advice for consumers, so they can access quality advice when they need it and in a form they want.

Included in the Review’s terms of reference is consideration of the opportunities for digital advice to address some of the industry’s impediments to delivering scaled and affordable advice.