Financial Standard

New shareholder, governance services firm enters market

MATTHEW WAI  |    12:21PM   The firm aims to navigate Australian companies through the complex landscape of investor expectations and corporate governance, it said.

FAAA announces 2024 awards finalists

KARREN VERGARA   The Financial Advice Association Australia (FAAA) unveiled the finalists for this year's awards as it recognises members who exhibit the highest standards and professionalism.

Australian investment market moves onward and upward

ANDREW MCKEAN  |    12:40PM   Australia's investment management market continued its upward climb, reaching $3.4 trillion by the end of June, recording annual growth of 8.8%, according to Rainmaker Information.

ETF winners and losers in September

ANDREW MCKEAN  |    12:36PM   VanEck has revealed last month's best and worst performing exchange-traded funds (ETFs), as the industry hits $220 billion.

Australian Food Super picks TAL for group insurance

JAMIE WILLIAMSON   The $3 billion industry superannuation fund has transitioned its group insurance arrangements to TAL.

Zurich launches new TPD option

ELIZA BAVIN   Zurich Financial Services Australia has launched a new total and permanent disability offering.

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI   A new report published by the SMSF software provider has revealed growing opportunity for financial advisers and demonstrates the potentially detrimental effect of the proposed Division 296 tax.

SMSFs thrive amid ATO compliance complications

MATTHEW WAI   Investment Trends has outlined the polarising challenges being faced by SMSF applicants due to the ATO's ever-changing landscape.

Market has priced in 'too many' rate cuts

ELIZA BAVIN   T. Rowe Price thinks the market has priced in too many interest rate cuts in the US and said the upcoming election is likely to cause some volatility.

RBA feels 'not enough has changed'

ELIZA BAVIN   The Reserve Bank of Australia has sent a clear message to those hoping for an interest rate cut in the near term.

$3m super tax edges closer to reality

MATTHEW WAI  |    12:14PM   The $3 million superannuation tax passed the lower house yesterday afternoon with a majority vote count of 52:9, however attempts to see the tax indexed were shot down.

ASIC bans adviser who misled TPB

JAMIE WILLIAMSON   ASIC banned a financial adviser who was found to have lied to the Tax Practitioners Board to remain registered and provided advice to clients despite being unable to manage his own tax affairs.

Iress rejigs leadership team

ANDREW MCKEAN   Iress has promoted from within to fill a new deputy chief executive role, to allow chief executive Marcus Price to focus more on strategic growth opportunities. It comes as the group also loses the co-founder of Xplan.

RQI Investors promotes three staffers

ELIZABETH FRY   RQI Investors, an active quantitative equities manager within the First Sentier Investors Group, has promoted three senior staffers.

Brighter Super increases retirement bonus

JAMIE WILLIAMSON  |    12:42PM   The retirement bonus received by Brighter Super members just got bigger, with the fund increasing the incentive it pays to retirees who transition to a pension account.

ASIC seeks $27m penalty against AustralianSuper

ELIZA BAVIN  |    12:26PM   ASIC's lawyer has asked the Federal Court to impose a massive $27 million penalty against AustralianSuper.

Carnegie's MHC Digital, Circle target local stablecoin push

ANDREW MCKEAN   Venture capitalist Mark Carnegie's MHC Digital Group and fintech Circle have teamed up on a plan to ramp up USDC stablecoin distribution in Australia and Asia Pacific, exploring institutional use cases.

Praemium unveils Spectrum for HNWs

MATTHEW WAI   Financial advisers now have access to a suite of solutions specifically tailored to high-net-worth (HNW) clients, known as Praemium Spectrum.

Forrest family office execs open new shop

ELIZABETH FRY   New corporate advisory firm Famille Capital will hire more staffers to work on deals, investments, advisory, life and legacy.

SPAC acquires Australian Food & Agriculture

KARREN VERGARA   A Nasdaq-listed firm is set to acquire the Australian Food & Agriculture Company (AFA) for $780 million, the majority of which is owned by members of the Bell family and Alastair Provan.