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Editor's Choice

OneSuper to take on more super products

JAMIE WILLIAMSON  |   12:46PM
Following on from the news that it would now be home to Spaceship Super, OneSuper will further bolster its funds under management through the transfer of another sub-plan, home to several super products.

Fortnum, PFS launch parent company

KARREN VERGARA  |   12:38PM
Fortnum Private Wealth and its newly acquired advice business Professional Financial Services (PFS) will operate under a newly launched parent company brand, Entireti.

Bitcoin halving won't bring immediate price rise

ELIZA BAVIN  |   12:21PM
The much-awaited Bitcoin halving event has finally occurred, but it might take some time for the price to soar.

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |   12:31PM
The Federal Court determined Macquarie failed to have effective controls to prevent and detect unauthorised fee transactions conducted by financial advisers.

Fortnum, PFS launch parent company

KARREN VERGARA  |    12:38PM   Fortnum Private Wealth and its newly acquired advice business Professional Financial Services (PFS) will operate under a newly launched parent company brand, Entireti.

Court approves $16m DASS settlement

KARREN VERGARA   The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.

Equity Trustees scores Woodbridge mandate

ELIZA BAVIN  |    12:24PM   Equity Trustees will oversee Woodbridge's new private credit fund for retail investors.

Bitcoin halving won't bring immediate price rise

ELIZA BAVIN  |    12:21PM   The much-awaited Bitcoin halving event has finally occurred, but it might take some time for the price to soar.

UniSuper selects new group insurer

JAMIE WILLIAMSON   After more than a decade in business, UniSuper has dropped TAL as its group insurer.

Life insurers struggle with code compliance

KARREN VERGARA   Life insurers continue to breach their own compliance code with more than 12,000 instances recorded, yet the body overseeing their conduct fears this is likely under-reported.

intelliflo adds SMSF cashflow modelling capabilities

JAMIE WILLIAMSON   Advisers using intelliflo now have access to cashflow modelling tools for SMSF clients.

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA   Financial advisers must be mindful of the "legal uncertainty" that exists when applying the appropriate wholesale test on self-managed super funds (SMSF), according to the Australian Financial Complaints Authority (AFCA).

South Australia recognised as 'economic leader'

ANDREW MCKEAN  |    12:21PM   South Australia leads in economic performance across all Australian states and territories, according to the CommSec State of the States quarterly report.

Australia's budget position ranks second among G20 nations

ANDREW MCKEAN   Australia's budget balance as a share of gross domestic product (GDP) was second among G20 nations last year, improving from 14th in 2021, according to the International Monetary Fund (IMF).

Macquarie Bank to pay $10m for unauthorised fee transactions

ELIZA BAVIN  |    12:31PM   The Federal Court determined Macquarie failed to have effective controls to prevent and detect unauthorised fee transactions conducted by financial advisers.

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN   Blumenthal is also banned from managing corporations for five years.

TCorp promotes three to lead roles

ELIZABETH FRY   TCorp, the NSW government's investment and financial management arm, has strengthened its client relationship team with three important promotions.

T. Rowe Price appoints local operations chief

ELIZABETH FRY   T. Rowe Price, the global asset manager with over US$1.3 trillion in assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office.

OneSuper to take on more super products

JAMIE WILLIAMSON  |    12:46PM   Following on from the news that it would now be home to Spaceship Super, OneSuper will further bolster its funds under management through the transfer of another sub-plan, home to several super products.

Australians need $1.6m for comfortable retirement: Survey

KARREN VERGARA  |    9:31AM   Australians believe they need $1.6 million to be financially comfortable in retirement, a new survey from Colonial First State (CFS) finds, but they cannot agree on what living comfortably looks like.

Technology

The Aussie wealthtech firms that are 'most innovative'

ANDREW MCKEAN   The annual list of the world's most innovative wealthtech companies was recently released, with several Australian firms making the cut.

GBST develops private equity platform

ANDREW MCKEAN   Wealth management software business GBST has collaborated with Luna Partners to create a technology platform that connects investors and managers to the wholesale private equity market.

Wholesale investor tests up for parliamentary review

KARREN VERGARA   The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.

ACNC tightens screws on NFPs with complex corporate structures

JAMIE WILLIAMSON   The Australian Charities and Not-for-profits Commission (ACNC) announced it will focus on the misuse of complex corporate structures this year.