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Editor's Choice

Betashares launches new currency hedged ETF

ANDREW MCKEAN
Betashares has introduced a currency hedged version of its S&P 500 Equal Weight ETF (ASX: QUS).

Spirit Super finds a new custodian

ANDREW MCKEAN
Spirit Super, which is on track to be the successor fund to CareSuper after a planned merger this year, has replaced its custodian, NAB Asset Servicing.

Global Credit Investments appoints new chief executive

ELIZA BAVIN
The new chief executive joins from PM Capital where he was also chief executive.

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.

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.

Adviser queries jump 40%: AMP

ELIZA BAVIN   AMP said it received over 6800 calls and email queries from financial advisers for the half year ending June 30.

Betashares launches new currency hedged ETF

ANDREW MCKEAN   Betashares has introduced a currency hedged version of its S&P 500 Equal Weight ETF (ASX: QUS).

MLC awards $285m mandate to Janus Henderson

ELIZA BAVIN   Janus Henderson said the mandate showcased the growing need for Australian institutional investors to have exposure beyond major market indices.

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.

SSGA appoints local head of intermediary

KARREN VERGARA   State Street Global Advisors (SSGA) has named a managing director and head of intermediary for the local business, joining from MSCI after nearly a decade.

Global Credit Investments appoints new chief executive

ELIZA BAVIN   The new chief executive joins from PM Capital where he was also chief executive.

Data concerns land Fiducian with additional licence conditions

JAMIE WILLIAMSON   Fiducian Portfolio Services has been slapped with additional licence conditions by APRA, as the regulator looks to address concerns ahead of the annual performance test.

Spirit Super finds a new custodian

ANDREW MCKEAN   Spirit Super, which is on track to be the successor fund to CareSuper after a planned merger this year, has replaced its custodian, NAB Asset Servicing.

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.