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Editor's Choice

JPMAM, iCapital launch new private market fund for wholesale investors

ANDREW MCKEAN
J.P. Morgan Asset Management (JPMAM) and iCapital have launched a new Australian domiciled fund designed to afford wholesale investors access to small to mid-market private equity opportunities.

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN
Betashares has commandeered the top spot for net flows among all investment managers in the managed funds industry.

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON
ASIC is appealing the Federal Court's recent decision to not issue a penalty to Block Earner after it was found to have provided unlicensed financial services.

Average super balances fall

ELIZA BAVIN
Australian Taxation Office data found the average super balance has fallen, as it also revealed the highest paid professions in the nation.

AFSLs undertake more reviews, lack risk documentation

KARREN VERGARA   Most AFS Licensees (AFSLs) are undertaking more reviews of their systems and processes but still lack documentation when it comes to managing risk, according to a new compliance survey.

Most advisers satisfied with success: Research

KARREN VERGARA   Most financial advisers are happy with the success and profitability of their businesses, rating their satisfaction 3.6 out of five, new research shows.

JPMAM, iCapital launch new private market fund for wholesale investors

ANDREW MCKEAN   J.P. Morgan Asset Management (JPMAM) and iCapital have launched a new Australian domiciled fund designed to afford wholesale investors access to small to mid-market private equity opportunities.

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN   Betashares has commandeered the top spot for net flows among all investment managers in the managed funds industry.

MIESF adjusts insurance premiums

ANDREW MCKEAN   Meat Industry Employees' Superannuation Fund (MIESF) will increase total and permanent disability (TPD) insurance premiums by 5.4%, effective July 1.

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA   ClearView has made changes to its ClearChoice product series, including the launch of trauma options, and is closing its ClearChoice Super Rollover product.

SMSFs' use of advisers plummets: Research

ANDREW MCKEAN   The number of self-managed super funds (SMSFs) using advisers has reached a new low, with the proportion of SMSFs using advisers falling to 23% from 27% in the past 12 months, according to a Vanguard/Investment Trends report.

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA   The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA).

Australia's competitiveness climbs world rankings

ELIZA BAVIN   Australia's competitiveness is at its highest level in 13 years, climbing up the world rankings.

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN   The experts have weighed in ahead of the RBA board meeting tomorrow where it will make another decision on interest rates.

ASIC appeals judge's call to not penalise Block Earner

JAMIE WILLIAMSON   ASIC is appealing the Federal Court's recent decision to not issue a penalty to Block Earner after it was found to have provided unlicensed financial services.

Will ASIC use AI for advice compliance monitoring?

ANDREW MCKEAN   The rapid expansion of artificial intelligence (AI) applications in the financial advice industry has led to a prediction that ASIC could soon incorporate AI into its compliance and audit checks of advisers.

TAL appoints new chief executive

ELIZA BAVIN   TAL has named its new chief executive and managing director, set to take the top spot from October 1.

Cbus recruits chief risk officer from Crown

KARREN VERGARA   Cbus has hired a new chief risk officer from Crown Resorts to replace Wade Martin.

Average super balances fall

ELIZA BAVIN   Australian Taxation Office data found the average super balance has fallen, as it also revealed the highest paid professions in the nation.

More Aussies anticipate renting in retirement: Vanguard

ANDREW MCKEAN   An increasing number of Australians expect to be paying off a mortgage or forced to rent in retirement, according to the latest Vanguard How Australia Retires survey.

Technology

Apex, ACA partner to broaden client services

ANDREW MCKEAN   Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.

ASX advances CHESS replacement project

ANDREW MCKEAN   The ASX announced today that the CHESS replacement project has entered the delivery phase.

HNWIs wealth reaches unprecedented levels

ANDREW MCKEAN   The Capgemini Research Institute's World Wealth Report 2024, released today, shows high-net-worth individuals (HNWIs) and their wealth hit unprecedented levels in 2023, driven by a rebound in the global economic outlook.

Geopolitical risks push APAC family office allocations locally

KARREN VERGARA   Geopolitical risks are dictating how family offices in the Asia Pacific invest as more intend to shift asset allocations to their home regions, according to UBS.