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Superannuation
04 July 2025 by Maja Garaca Djurdjevic

From reflection to resilience: How AMP Super transformed its investment strategy

AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several ...
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Regulator investigating role of super trustees in Shield and First Guardian failures

ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their ...

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Magellan approaches $40bn, but performance fees decline

Magellan has closed out the financial year with funds under management of $39.6 billion. Over the last 12 months, ...

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RBA poised for another rate cut in July, but decision remains on a knife’s edge

Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting, ...

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Retail super funds deliver double-digit returns despite market turbulence

Retail superannuation funds Vanguard Super and Colonial First State have posted robust double-digit returns for ...

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Markets climb ‘wall of worry’ to fuel strong super returns, but can the rally last?

Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an ...

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Wealth Today appoints chief executive

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By
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2 minute read

Wealth Today's new chief executive regards FOFA as an opportunity.

West Australian financial services group Wealth Today has appointed Michael Stephens as chief executive.

Stephens relocated to Perth earlier this year from South Africa, where he worked as a director for several small to medium-sized companies. He helped establish the real estate office of Seeff.

"I have been aware of Michael's success in business leadership for many years and it is extremely exciting to have him step into this role at Wealth Today," Wealth Today managing director Tony Pennells said.

Stephens moved to Perth with his wife and four children earlier this year, and is aiming to raise the number of financial planners at the firm.

 
 

He said he did not expect the Future of Financial Advice (FOFA) reforms to be an obstacle to his plans.

"FOFA is potentially good news for us because we don't sell product and have established a position of direct advice services," he said.