Jamie Williamson
Managing Editor at Financial Standard
Editor @ Financial Standard. Soft spot for financial advice. Views are all my own.
Articles
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2 days ago |
financialstandard.com.au | Jamie Williamson
Legalsuper expects to close out the financial year with a return of more than 11% for its MySuper product. The super fund predicts FY25 will see a return of at least 11% for its MySuper Balanced option, while the High Growth option should return about 14%. The results come despite a change of chief investment officer at the start of 2025, with Paul Murray resigning after just nine months in the role, later replaced by former Rest investment head Andrew Lill.
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3 days ago |
financialstandard.com.au | Jamie Williamson
Regal Partners has bought a stake in a Sydney-based real estate investment manager, as well as acquiring an Adelaide hotel to seed a new strategy. Regal Partners now owns 50% of Ark Capital Partners, a specialist hotel investment and asset management firm, paying $3 million. Ark Capital Partners was founded in 2021 by Rahul Parrab and Mark Bullock, and they retain their shareholdings.
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3 days ago |
financialstandard.com.au | Jamie Williamson
Thirty-four percent of the entities regulated by APRA feel changes made to the prudential framework failed to adequately consider the increased costs imposed on the industry, while 33% say the compliance burden outweighs the benefits. Those are some key findings from APRA's latest stakeholder survey, which received more than 260 responses. Respondents were asked whether changes to APRA's prudential framework sufficiently considered the costs of regulation imposed on the industry.
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4 days ago |
financialstandard.com.au | Jamie Williamson
More than 200 actors have signed an open letter to the trustees of the SAG-Producers Pension Plan asking it to divest from fossil fuels and redirect the assets into responsible investments. Members of the Screen Actors Guild and the American Federation of Television and Radio Artists (SAG-AFTRA) union have launched the Retire Big Oil campaign. The campaign asks the US$5 billion ($7.7bn) SAG-Producers Pension Plan to phase out its coal, oil and gas holdings.
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5 days ago |
financialstandard.com.au | Jamie Williamson
There is still much room for improvement when it comes to super funds' expenditure management practices, with APRA finding some RSEs caring more about competing with peers than members' best financial interests, others not having revisited historic arrangements since the BFID was legislated, and a host of other shortcomings. The review of 14 RSE licensees' expenditure practices and decisions comprised thousands of documents covering discretionary spending, marketing and connected entity expenses.
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The most entertaining part of today's Standing Committee hearing on financial advice so far is watching all the senators watch the Olympics and complain about COVID while struggling to get Easton Investments back on the line #Tokyo2020
RT @FinStd: @AMP_AU, @CFS_AU, @Equity_Trustees, @IOOFEvents, @IntrustSuper, @netwealthInvest and @Suncorp have been called out by @asicmedi…
RT @FinStd: #COVID-19 will see US pension funds approach point of no return, according to @Wirepoints research. https://t.co/QMf1fHnRN7
