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Editor's Choice

Fidelity changes up global equities team

KANIKA SOOD
Fidelity Investments' lead portfolio manager for global equities strategies has resigned.

Aware Super awards $30bn mandate

ELIZABETH MCARTHUR
Aware Super has appointed an index solutions provider to take care of its passive equity and fixed income mandates.

State Street launches dedicated crypto, blockchain business

JAMIE WILLIAMSON
As an increasing number of institutions allocate to cryptocurrency and explore blockchain solutions, State Street is launching a dedicated digital finance division, appointing the current head of global markets to lead it.

ASX invests in GROW Inc

KANIKA SOOD
ASX has acquired a minority stake in fast-growing superannuation administrator GROW Inc.

Financial Planning

Advisers win annual renew law relief

KARREN VERGARA   The federal government will introduce a carve out to help financial advisers to meet their ongoing fee disclosure obligations.

Interprac grows advice network

KARREN VERGARA   Interprac Securities is set to fully acquire two financial advice practices located in Melbourne and Hobart.

Schroders Capital adds private assets unit

KARREN VERGARA   Schroders has moved its private assets business under the newly launched Schroders Capital.

Macquarie sweeps Investment Leadership Awards

KARREN VERGARA   Macquarie Investment Management took home six awards at Financial Standard's Investment Leadership Awards held at Sydney's Luna Park last night.

Cost of group insurance declines

KARREN VERGARA   Despite the spate of superannuation funds increasing the cost of cover, new Rainmaker analysis shows group insurance premiums fell by 7% to a four-year low of $8.7 billion.

BT enhances LifeCENTRAL+

KARREN VERGARA   BT's LifeCENTRAL+ can now produce quotes for financial advisers wanting to alter life insurance policies for clients in less than 10 minutes.

UK lender targets SMSFs in Australia

ELIZABETH MCARTHUR   A UK marketplace lender is launching in Australia, targeting wholesale investors and self-managed super funds.

Raiz expands to SMSF market

ANNABELLE DICKSON   The micro-investing platform is targeting SMSFs with its custom portfolio option, giving members more control over their portfolio allocations.

Chief economist update: US inflation may not be as transitory as the Fed believes

BENJAMIN ONG   The US Fed has made it clear it considers inflation transitionary. But, could inflation continue to accelerate even after the base effects are washed out of the stats?

Chief economist update: Deflated expectations lift deflation expectations

BENJAMIN ONG   While many, if not most, of its central bank peers - led by the Fed - are pushing back against inflation concerns, the Bank of Japan (BOJ) cannot seem to drive growth in the country's consumer prices significantly beyond zero.

Government to strengthen FMI

ANNABELLE DICKSON   The government will soon introduce a regulatory reform package on Financial Market Infrastructure (FMI) following a review by Australia's financial regulators.

Halifax auditors face criminal charges

ELIZABETH MCARTHUR   Audits of defunct stockbroker Halifax have resulted in the first criminal charges ever laid in Australia for failure to comply with auditing standards.

Fidelity changes up global equities team

KANIKA SOOD   Fidelity Investments' lead portfolio manager for global equities strategies has resigned.

AMP Capital announces new chief executive

ELIZABETH MCARTHUR   AMP Capital has announced a new chief executive, with State Street Global Advisors' Shawn Johnson replacing Boe Pahari who stepped down in August last year.

CFS, UniSuper win customer satisfaction nods

KARREN VERGARA   Colonial First State and UniSuper are the superannuation of choice for consumers, taking home the highest satisfaction ratings in Roy Morgan's annual awards.

Aware Super awards $30bn mandate

ELIZABETH MCARTHUR   Aware Super has appointed an index solutions provider to take care of its passive equity and fixed income mandates.

FinClear to acquire BNY subsidiary

KARREN VERGARA   BNY Mellon is offloading its local execution and settlements business to FinClear for an undisclosed amount.

Fund administrator eyes Australia

KANIKA SOOD   A Singapore-based fund administrator will establish full-service operations in Australia as it sees an opportunity in the local market.

Fisher Investments launches local HNW offering

ELIZABETH MCARTHUR   Fisher Investments will start offering investment management services to high-net-worth private clients via its local subsidiary.

Rich investors not worried about low rates: Citi

KANIKA SOOD   New research from Citi says Australian high-net-worth investors are optimistic despite low interest rates.