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02 April 2024 • By Rhea Nath • 1 min read

Senate committee supports passage of super objective bill

In its final report, the Senate economics legislation committee has handed down its formal recommendation regarding the objective of superannuation

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Microcap optimism spurs $75m capital raise from WAM

The WAM Microcap board has announced a share purchase plan and placement towards “compelling opportunities” in the asset class. Noting signs of ...

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Family offices boost interest in private capital

Family offices now account for more than a third of active investors in private capital. A recent report by Preqin and the Australian Investment ...

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Super performance test is not stifling innovation, says mega fund

While the government consults on the design of the test, ART’s head of investment strategy has weighed in on concerns the test discourages investment ...

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9 in 10 investment managers embrace or plan AI integration

Nine out of 10 managers are either already using or planning to use AI in their investment processes. A new report published by Mercer has revealed ...

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Investment manager has 'grave concerns' over increasing wholesale threshold

A specialist wholesale investment manager has argued increasing the wholesale investor threshold would lessen competition. In a submission to the ...

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Super fund expenses to be disclosed by APRA

The prudential regulator has announced it will publish new expenditure data of superannuation funds, providing details on expenses like advice, ...

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Briggs joins speaker line-up at Australian Wealth Management Summit 2024

The FSC CEO will join a long line-up of renowned speakers at the inaugural summit. Blake Briggs, chief executive officer of the Financial Services ...

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UniSuper welcomes new head of fixed interest

The super fund has tapped Mathew McCrum to lead its fixed interest team. He succeeds Robert Hogg, who served as head of fixed interest and macro ...

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Vanguard faces potentially hefty fine as court rules against misleading ESG claims

The size of the fine that will be imposed on Vanguard following its loss in court will be known later this year. The Federal Court ruled on ...

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