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Editor's Choice

Qantas Super, Australian Retirement Trust to merge

ANDREW MCKEAN  |   10:21AM
Qantas Super is poised to merge with $300 billion industry fund Australian Retirement Trust (ART).

AustralianSuper real assets lead joins fund manager

KARREN VERGARA  |   12:32PM
AustralianSuper's global real assets head is leaving the fund to join an ASX-listed fund manager.

REI Super returns 9.34% in FY24

JAMIE WILLIAMSON  |   12:42PM
The real estate industry super fund's MySuper option returned 9.34% last financial year. The results come as it launches a new growth investment option.

The most popular fund types launched in Australia

ANDREW MCKEAN  |   12:43PM
Of the latest 100 funds launched into the Australian investment market by Equity Trustees, most were related to global fixed income, however, the asset class didn't attract the highest flows.

Kidmans acquires wealth advisory firm

KARREN VERGARA  |    12:15PM   Kidmans Partners, a member of the Count network, has acquired Victorian accounting and financial advice firm Zanacorp for $2.1 million.

AFCA caps Dixon claimants at 2773

KARREN VERGARA   Total compensation for Dixon Advisory victims has reached $338.6 million as the Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773.

The most popular fund types launched in Australia

ANDREW MCKEAN  |    12:43PM   Of the latest 100 funds launched into the Australian investment market by Equity Trustees, most were related to global fixed income, however, the asset class didn't attract the highest flows.

Young, bullish online investors drive trading: Survey

KARREN VERGARA  |    12:29PM   Online investors are getting younger and bet heavily on global stocks, helping fuel the share market to record highs, according to a new survey.

Group insurance cheaper by 25%: Rainmaker

KARREN VERGARA   Group insurance continues to be cheaper than life insurance purchased directly with an insurer by as much as 25%, new research from Rainmaker Information shows.

MetLife refreshes two products

KARREN VERGARA   MetLife introduced several changes to two products that are available through financial advisers.

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).

Markets look to US rate cuts as inflation falls

ELIZA BAVIN   US inflation came in under expectations, signalling that the US Federal Reserve may cut interest rates sooner than expected.

Australia climbs global wealth ranks

ELIZA BAVIN   Australia is now ranked second in the world in terms of wealth.

BitConnect promoter hit with good behaviour

KARREN VERGARA   The promoter of BitConnect who pleaded guilty to spruiking a fraudulent scheme has been handed a good behaviour order and escaped jail time.

ASIC, APRA provide FAR update

ELIZA BAVIN   The Financial Accountability Regime will come into effect for insurers and superannuation trustees from March 2025.

AustralianSuper real assets lead joins fund manager

KARREN VERGARA  |    12:32PM   AustralianSuper's global real assets head is leaving the fund to join an ASX-listed fund manager.

Clime names acting managing director

ELIZA BAVIN  |    11:48AM   The investment manager has appointed an acting managing director after Annick Donat announced she was stepping down this month.

REI Super returns 9.34% in FY24

JAMIE WILLIAMSON  |    12:42PM   The real estate industry super fund's MySuper option returned 9.34% last financial year. The results come as it launches a new growth investment option.

Equip Super returns 9.23% to members

ELIZA BAVIN  |    12:05PM   Equip reported 9.23% return for its Balanced Growth option and 12.12% for its Growth Plus option.

Apex partners with Novigi

KARREN VERGARA   Apex Group has awarded a mandate to Novigi which will provide superannuation data and technology services.

Iress hack investigation finds 20 OneVue files breached

JAMIE WILLIAMSON   An internal investigation into the recent breach of Iress' GitHub user space found no evidence any of its client data was compromised, however 20 OneVue employees and clients weren't so lucky.

ANZ, Blackstone launch HNWI fund

KARREN VERGARA   ANZ and global alternatives fund manager Blackstone have launched a multi-asset strategy for high-net-worth investors (HNWI).

Family office buys into WNBL potential

JAMIE WILLIAMSON   The family office of Tesla chair Robyn Denholm, Wollemi Capital Group, has partnered with the National Basketball League (NBL) to acquire the Women's National Basketball League (WNBL) from Basketball Australia.