Advice gap ‘clear to see’ as cost of living bites; Australia ranks 3rd globally for retirement finances

Two new reports from CFS and Challenger have highlighted the benefits consumers gain from seeking advice as over half of those aged 50 and over fear outliving their savings amid the cost-of-living crisis.

Data from Natixis Investment Managers has ranked Australia as third in the world for finances in retirement, but the nation’s overall ranking in the global retirement index has fallen by two spots.

Utilities should not just be viewed as a bond proxy as they offer opportunities for far greater returns, says Shane Hurst, winner of this year’s Infrastructure Fund of the Year at the Money Management Fund Manager of the Year Awards.

The corporate regulator has revealed the results of its August financial adviser exam, which has delivered the highest pass mark of the year so far.

The Federal Court has approved Commonwealth Bank’s $50 million settlement in the consumer credit insurance class action.

In line with the fund’s digital transformation project, Aware Super’s new portal enables independent financial advisers to more efficiently manage clients’ investment options and be less reliant on call centres.

In this episode of Relative Return, host Maja Garaca Djurdjevic chats to James Martin, managing director and head of global client solutions at Hamilton Lane, about why true democraticisation of private markets is still on the horizon.