AMP MyNorth sustainable portfolios see enhancements

amp MyNorth platform sustainable

AMP MyNorth has announced a number of enhancements to its sustainable managed portfolios amid strong adviser demand for value-aligned investment options.

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GQG raises $145m for first private markets fund

GQG Partners Pacific Current Group private markets private credit

GQG Partners has closed fundraising on its initial private markets fund, having raised $145 million.

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MLC Life to merge with Resolution Life as NAB exits

MLC Life MLC Life Insurance Resolution Life

MLC Life Insurance and Resolution Life Australasia are to merge, creating a combined firm with the new name of Acenda, while NAB has divested its remaining 20 per cent stake.

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Engaging the next generation in advice

fidelity intergenerational wealth young clients

When it comes to engaging younger clients, Fidelity has unpacked potential concerns of this generation when it comes to seeking advice as well as how they prefer to interact with their adviser.

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Insignia agrees to SS&C deal to transform Master Trust

insignia master trust SS&C Technologies

Insignia Financial has entered into an initial agreement with fund administrator SS&C Technologies to transform its Master Trust business following a strategic review.

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AMP taps Mercer exec for strategic partnerships role

amp mercer BT amp super

AMP has appointed a national manager for strategic partnerships, with John Allmey making the move from Mercer Australia.

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Smart beta ETF usage on the rise among advisers

Smart beta ETF VanEck financial advice

Financial advisers are demonstrating interest in smart beta ETFs, according to VanEck, who are using it as an alternative to active management.

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HMC Capital hires director to boost wholesale reach

distribution business development manager private markets private credit BT appointments hires

Former BT sales executive, Sarah Hegarty, has taken up the role of senior director of wholesale distribution at HMC Capital.

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RBA makes final 2024 rate call

RBA interest rates central banks monetary policy

The Reserve Bank of Australia has announced its final interest rate decision for 2024 amid stubborn inflation and faltering economic growth.

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Perpetual/KKR deal in doubt amid significant tax liability

Perpetual KKR ATO

The deal between Perpetual and KKR is in doubt after the ATO significantly reduced the estimated cash proceeds for shareholders due to a $488 million primary tax liability.

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