Financial Standard

IOOF completes platform overhaul

KARREN VERGARA   The integration of IOOF's legacy superannuation and investments platform has now finalised.

Financial Advice Hub goes live

KARREN VERGARA   The one-stop shop for regulatory information for financial advisers launched on December 7.

Takeovers Panel weighs in on WAM takeover

KARREN VERGARA   The battle between Wilson Asset Management and PM Capital over a takeover bid for a LIC heats up as the Takeovers Panel weighs in.

Australian Ethical takes stake in boutique

KARREN VERGARA   Australian Ethical has acquired a stake in the newly launched Sentient Impact Group, a boutique chaired by former NAB chief Andrew Thorburn.

Industry fund cuts premiums

ELIZABETH MCARTHUR   A $2 billion industry fund has reduced its insurance premiums by more than 17%.

Risk inflows marginally recover

ANNABELLE DICKSON   Risk premium inflows experienced slight increases in the 12 months to June 2021, new research shows.

Schroders launches Schroder Australian Equity Long Short Fund

CHLOE WALKER   Schroders has launched the Schroder Australian Equity Long Short Fund to external investors after successfully seeding the fund's Professional Class in late 2020.

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER   Extended government relief measures highlight the need for SMSF specialist advice, says SMSF Association chief executive.

Economic recap: Week to December 3

BENJAMIN ONG   Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.

Economic recap: Week to November 26

BENJAMIN ONG   Weekly review of significant economic data, government and central bank action and pronouncements, and other market moving events.

Frydenberg pledges to move on crypto regulation

CHLOE WALKER   Federal Treasurer Josh Frydenberg has outlined the government's plans to move forward with new crypto asset reforms in 2022.

ASIC sues ANZ in final civil RC case

JAMIE WILLIAMSON   The big four bank is being sued by the regulator for failing to provide some of the benefits promised to customers who hold offset transaction accounts or 'Breakfree' packages in conduct dating back more than two decades.

ESSSuper chief executive joins MLC Life

JAMIE WILLIAMSON   After more than a decade in the role, the chief executive of ESSSuper has resigned to take on a key role with the life insurer as it restructures.

FPA names new chief executive

KARREN VERGARA   The Financial Planning Association of Australia announced who will take over Dante De Gori as chief executive.

Super funds lambasted over nuclear holdings

CHLOE WALKER   New research from the Australia Institute and Quit Nukes shows most major Australian superannuation funds still have holdings in nuclear weapons.

Half of all super products cut fees: Data

JAMIE WILLIAMSON   Almost half of all superannuation products have seen their fees cut in the last 12 months while 5% of products' fees dropped more than once.

State Street, Vanguard complete world first blockchain trade

ELIZABETH MCARTHUR   State Street Digital, Vanguard and Symbiont have completed the first live trade for foreign exchange forward contracts leveraging blockchain technology and smart contracts.

ClearView uses new anti-money laundering technology

ELIZABETH MCARTHUR   ClearView will use Napier technology to fight money laundering activity.

Intergenerational transfer hits $1.5tn

KARREN VERGARA   Australians give away the vast majority of their wealth, as some $1.5 trillion has been passed on to the next generation since 2002, the Productivity Commission finds.

Cannon-Brookes takes stake in Rabbitohs

ELIZABETH MCARTHUR   Atlassian co-founder and billionaire Mike Cannon-Brookes has purchased a stake in NRL club South Sydney Rabbitohs, after recently becoming a minority owner of the Utah Jazz basketball team.