Jamie Williamson

Sydney

Managing Editor at Financial Standard

Editor @ Financial Standard. Soft spot for financial advice. Views are all my own.

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Articles

Industry bodies call for delay to Payday Super

1 week ago | financialstandard.com.au | Jamie Williamson

A collective of industry bodies, including Chartered Accountants ANZ and the Financial Advice Association Australia, want the government to push the implementation of Payday Super to July 2028. In a joint submission to Treasury, eight industry lobby groups have said the superannuation industry and small businesses cannot sufficiently prepare for the introduction of Payday Super obligations by July 2026. Many technology changes and improvements are required, they said.
Platinum to lose $1bn mandate

1 week ago | financialstandard.com.au | Jamie Williamson

Platinum Investment Management is set to lose a sizeable institutional mandate at the end of the week. The ASX-listed manager disclosed it received notice overnight that an institutional mandate worth about $958 million is to be terminated. The termination is to take effect from this Friday. "The impact to profit of the related loss of revenue will be offset by an acceleration of planned cost savings to be delivered in FY26," Platinum said.
NZ Super recognised for two decades of outperformance

1 week ago | financialstandard.com.au | Jamie Williamson

The New Zealand Superannuation Fund is the world's best-performing sovereign wealth fund over the past 20 years. That's according to GlobalSWF's annual rankings, which found NZ Super Fund's returns over the 20 years to June 2024 significantly outperformed its peers. Over the period, the average sovereign wealth fund returned 6.4% and the average pension fund return was 6.8%, but NZ Super Fund achieved an average annualised return of 10.03%.
Ellerston Capital awards distribution mandate

1 week ago | financialstandard.com.au | Jamie Williamson

Sodor Capital will distribute three Ellerston Capital funds to institutional investors. Ellerston Capital has signed Sodor Capital to market three of its funds - the Ellerston Fixed Income Target Return Fund, Ellerston JAADE Australian Private Assets Fund (Wholesale), and the newly launched Ellerston Mid Cap Opportunities Fund.
ASIC streamlines AFSL applications

1 week ago | financialstandard.com.au | Jamie Williamson

The regulator launched a new digital portal for Australian financial services licence (AFSL) applications. From today, those wishing to gain an AFSL can use ASIC's new portal, integrated with the ASIC Regulatory Portal. It has a new interface and method for responding to questions to improve user experience, ASIC said. However, transactions to vary, cancel or maintain an AFSL are still in the works, so the existing eLicensing system will remain operational for now.
Finchley & Kent adopts Padua Solutions tech suite

1 week ago | financialstandard.com.au | Jamie Williamson

Advisers tied to Finchley & Kent will be able to use the full suite of Padua Solutions' services under a new partnership. Striking a strategic partnership, Finchley & Kent's network of advisers will have access to Padua's new Paraplanning as a Service (PaaS) and Transition Management as a Service (TMaaS), which gives access to the technology provider's full suite of solutions. PaaS sees advice documents created 10 times faster than industry averages, vetted via a three-stage review process.
TWG Global takes stake in Mubadala Capital

2 weeks ago | financialstandard.com.au | Jamie Williamson

Sovereign-backed asset manager Mubadala Capital has given a 5% stake to TWG Global, and, in return, the former will lead a $15.6 billion syndicated investment in the holding company. Mubadala Capital and TWG Global have entered a "strategic investment alliance" to drive long-term value creation. TWG Global has interests across financial services, insurance, AI and technology, sports and entertainment, and energy.
GROW Inc. names new chief executive

2 weeks ago | financialstandard.com.au | Jamie Williamson

The super administrator welcomed its recruit this week, replacing inaugural chief and co-founder Matthew Keeley. John Banfield is now chief executive of GROW Inc., bringing an extensive knowledge of the technology and payments landscape. He was most recently at illion where he was chief executive for the past three years, including playing a key role in the transformation that saw it acquired by Experian last year.
Aware Super on hunt for new chief investment officer

2 weeks ago | financialstandard.com.au | Jamie Williamson

Aware Super chief investment officer Damian Graham is transitioning to a new role, with the fund now conducting a global search for his replacement. Graham will relocate to the fund's London office to take on the role of head of international at the end of the year. Aware Super said the decision was informed in part by Graham's desire to transition into retirement.
Platinum mulls L1 Capital merger

2 weeks ago | financialstandard.com.au | Jamie Williamson

Platinum Asset Management is considering merging with L1 Capital, confirming via the ASX it is discussing the possibility with the latter's shareholders. If the two were to combine, it would offer enhanced scale and diversity of investment strategies and distribution channels, Platinum noted. It would also deliver material earnings and value accretion for shareholders, it added. Together, the firm would have $18 billion in funds under management.