Page 31 - Knowledge Centre News Today

Raiz reveals new CFO: ‘I am honoured’  — 1 minute read Raiz has announced the appointment of a new CFO. The Australian investment platform has confirmed Weiwei (Alex) Gao will take on the role effective Thursday. Mr Gao, who has over 15 years’ experience in accounting, finance and operations, will oversee the financial planning and board report and management accounting. Advertisement "); googletag.cmd.push(function() { googletag.display(div-...

Who’ll benefit from this year’s super changes? By Sarah Kendell 01 July 2021 As a host of reforms hit the super space for the 2021-22 financial year, government and industry players have been quick to highlight their benefits and flaws. As of 1 July the super guarantee rises to 10 per cent of workers’ base salary, with industry fund advocacy group Industry Super Australia touting its benefits for younger employees in part...

‘Real risk of harm’: ASIC lays down the law on crypto ETPs By Sarah Kendell 30 June 2021 The corporate regulator has warned that exchange-traded products using cryptocurrency as their underlying assets need to be “facilitated in a way that maintains investor protections”, saying they present a real risk of harm to consumers. On Wednesday, ASIC released its Consultation Paper 343 on crypto assets as underlying assets for...

Global LICs announce new merger By Neil Griffiths WAM Global Limited has announced a new merger with Templeton Global Growth Fund (TGG). Chairman Geoff Wilson announced the news on Tuesday, confirming that the LICs have entered a scheme implantation agreement, which proposes that WAM Global acquires 100 per cent of TGG shares that it does not currently own through the scheme. Under the proposed transaction, TGG shareholders will have the option to rec...

BT names new super chair  — 1 minute read 29 June 2021 The wealth giant has announced a director of health fund HBF and former Westpac retail chief will chair its super trustee boards. In a statement, BT said Gai McGrath would assume the role of chair of the boards following the retirement of David Plumb after 10 years with the institution. “Gai is a respected Director and Executive and will bring to our Trustee Board more than 34 years’ experience acr...

Retiree numbers, super balances set to balloon By Neil Griffiths 29 June 2021 Australia’s super system will play an “increasingly important role” in supporting the living standards of the nation’s soaring population of future retirees, according to peak body ASFA. Intergenerational Report (IGR) released on Monday projects that expenditure on health and aged care will increase from a combined 5.3 per cent to 8.3 per cent...

Investment implications of India’s outbreak By Aayush Sonthalia 29 June 2021 With immediate family in India, personally the past few weeks have been the most harrowing of my life. India’s early experience with COVID-19 was relatively mild. Based on the information available, the country’s virus-related deaths in early to mid-2020 were low on a per capita basis compared to those in the US. In early 2021, when COVID cases w...

Calls for mandatory financial disclosure on climate risk in Australia By Neil Griffiths 29 June 2021 A road map detailing the steps financial regulators and government can take to adopt mandatory financial disclosure for climate change risks has been released. The Investor Group on Climate Change (IGCC)’s new report outlines a plan over the next four years that would “help cut red tape for business and protect national eco...

Should responsible investors only consider ‘green leaders’? By Marie Walbaum 29 June 2021 Instinctively, we are tempted to think that a responsible investor will categorically refuse to invest in companies that pollute or are too resource-intensive. In fact, we need to take a nuanced approach and seek to identify the “good students in the making” in addition to companies that have long adopted a sustainable business mo...

Institutions reaped the benefits of ESG pre-COVID By Reporter 29 June 2021 A new survey from a global investment bank has found that the performance benefits of an ethically conscious approach to investing extend beyond the current pandemic. The UBS study surveyed 450 institutional investors across North America, Europe and Asia Pacific and found that almost three in four said their investments that took ESG principles into acc...