The list targets domestic and international entities the regulator suspects of offering services to Australians without the appropriate licenses or permission. It already contains more than 1,300 names.
Primary and secondary homes make up about a third of the total global wealth of the ultra-rich, new research shows. Commercial property and equities are also big components, with a small but increasingly valuable share going to “investments of passion”.
Higher mandatory contributions and increased pension assets helped Australia improve on its 2022 score in Mercer and the CFA Institute’s annual index and move up a spot in the 47-country ranking, but the research cited room for improvement.
Superannuation funds and pensions posted declining returns in September, weighed down by falls in sharemarkets and an uncertain rates outlook, according to a new report. But they continued to outperform equities, showing diversification pays off.
ESG investment strategies are at their highest-ever penetration rate, with 90 per cent of global investors now on board, according to a new survey. And while greenwashing and data disclosure concerns remain, sustainability-minded investors are coming up with their own solutions for these challenges.
The plan to align the tax treatment of off-market share buybacks with that of on-market buybacks puts smaller companies, self-funded retirees and retail investors at a disadvantage, according to portfolio manager Scott Kelly, who worries the proposed changes are “just the beginning”.
Emergency services workers and pharmacists are perceived as the most ethical professions in Australia, and real estate agents the least ethical, the Governance Institute found in its annual ethics check. It also noted a stark rise in the importance of ethics among Australians.
The best Asian private equity funds often outperform their developed-market counterparts, with less underlying leverage and more growth potential. Several structural tailwinds also support opportunities for the right PE strategies in Asian markets, says Morgan Stanley.
The third annual Your Future Your Super performance test saw just one MySuper product fail, while 12 per cent of trustee-directed products failed in their first year subject to the test. The results follow a report showing superannuation assets jumped in value since June 2022.
With recessionary fears still dominating the outlook, investors looking to dip their toes into private credit should consider senior secured loans, which offer compelling relative value and added risk mitigation, Invesco said.
