This Month
AMP cuts financial advice deal, stemming losses
The company will partially sell that business via transactions totalling $92.4 million, while the stock lifted 13 per cent after interim profit beat consensus.
- Hannah Wootton
Why Gen X needs to think about retirement right now
A new generation of just over 5 million Australians – born between 1965 and 1980 – is approaching retirement.
- Michelle Bowes
July
Oaktree in exclusive talks with $600m accounting, advice roll-up AZ NGA
Oaktree’s investment comes after AZ NGA spent much of the past year trying to bed down a deal with TA Associates.
- Sarah Thompson, Kanika Sood and Emma Rapaport
This delisted Sydney Swan is going to the Olympics
After his AFL dream was dashed by knee injuries at 19, Jackson Collins followed in his father’s footsteps kayaking for Australia at the Olympics.
- Gus McCubbing
PGIM hops on private credit boom with $750m fund
The global fund manager’s first local private credit fund has raised $300 million and received an additional $300 million in commitments so far.
- Campbell Kwan
How to turn a six-figure salary into lifelong wealth
Are you a HENRY (high earner, not rich yet)? Here’s how to rework your financial future to join the HNW (high net worth) ranks.
- Michelle Bowes
June
Which investment vehicle is best to build wealth?
Super, trusts and investment companies all have their pros and cons. The decision on which to use often comes down to tax.
- Ben Smythe
- Opinion
- Chanticleer
Story of change in rise of Betashares, decline of Perpetual and AMP
The shift from active to passive management is changing the face of Australia’s financial sector. Unaffordable housing could shift things again.
- James Thomson
AZ NGA brings in bankers as $600m sale to TA Associates dawdles
With Jefferies’ arrival, it won’t be surprising if AZ NGA has a second shot at finding a buyer.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ord Minnett breached laws by dodging paid leave, minimum wage: judge
The court ruling could expose the firm and the broader finance sector to major back-pay claims from advisers.
- Updated
- David Marin-Guzman
Eight ways to squeeze more into super – which ones are you using?
A couple employing just four of these methods could boost their retirement savings by almost $5 million.
- Duncan Hughes
- Opinion
- Chanticleer
Why KKR’s Colonial First State calls default pension plan ‘dangerous’
Colonial First State chief executive Clive van Horen says the wealth and super giant is back in growth mode. But he’s not shying away from a big super debate.
- Updated
- James Thomson
May
Baby Boomers are loaded. Why are they so stingy?
Recent evidence has cast doubt on the notion that a spending splurge by those born between 1946 and 1964 is on the way.
- The Economist
Morgan Stanley’s wealth unit dips into Perpetual Private ranks
Street Talk understands Daniel Elias has defected to Morgan Stanley Wealth Management after five years of overseeing a team of Perpetual advisers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Super funds spend big ahead of advice reforms
As the legislation enabling them to give more financial advice languishes in Canberra, funds are moving ahead with plans to implement it anyway.
- Hannah Wootton
The future of financial advice is digital – and human
AI-powered apps are touted as a big part of the solution to providing affordable financial advice en masse, but winning people’s trust is a key challenge.
- Joanna Mather
I’m a Zillennial. Is financial advice worth it for me?
At $4700, many young Australians would think twice about taking on a financial adviser. But are there instances when it’s worth it?
- Lucy Dean
Government still stumped by financial advice semantics
The government will try to head off a semantic storm over the term “qualified advisers” by replacing the words with “product adviser”.
- Joanna Mather
April
Tax changes may make super the best place to stash cash
New analysis shows the changes will have the perverse effect of entrenching tax benefits for some of the country’s wealthiest, spurring calls for widespread tax reform.
- Hannah Wootton
- Opinion
- Opinion
Wall Street workers don’t understand how to prepare for retirement
Higher interest rates mean people need less money to retire, so if anything, finance industry employees should have revised their estimates down, not up.
- Allison Schrager
