Financial Standard

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |    12:22PM   The Financial Adviser Standards and Ethics Authority said the advice industry is closer to reaching the professional status it is striving to achieve.

Former Dover adviser banned

ANNABELLE DICKSON  |    11:42AM   The corporate regulator handed down a six-year ban from providing financial services to a Melbourne-based financial adviser for failing to provide appropriate advice.

Ex-Pengana staff launch boutique

KARREN VERGARA  |    12:17PM   Five former Pengana staff members have emerged to launch the boutique, Pella Funds Management.

Superhero offers access to Bitcoin ETF

ELIZABETH MCARTHUR  |    12:07PM   Investing platform Superhero announced the availability of the first Bitcoin ETF to Australian investors, after it listed in the US yesterday.

Christian Super enhances insurance offering

JAMIE WILLIAMSON   Christian Super is reducing insurance premiums for most of its members, saying the offering now better aligns with what is available at other super funds.

FSC to ban occupational exclusions

ANNABELLE DICKSON   The Financial Services Council (FSC) is introducing an enforceable standard that will prohibit the use of exclusions and restrictive disability definitions in default group life insurance for those who are in high-risk occupations.

CountPlus to acquire Challenger SMSF business

ANNABELLE DICKSON   The ASX-listed advice and accounting group is expanding its SMSF offering after finalising terms to acquire Accurium from Challenger.

SMSFs welcome RIC exemption

KARREN VERGARA   The federal government sparing self-managed superannuation funds from the looming Retirement Income Covenant legislation has been welcomed by the sector.

Economic recap: Week to October 15

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

Economic recap: Week to October 8

BENJAMIN ONG   Combine economic stagnation and rising inflation and what do we get? We get stagflation -- the financial markets' fear du'jour.

CFS fined $20m over super misconduct

JAMIE WILLIAMSON   Colonial First State will pay $20 million for misleading members in its FirstChoice Fund.

ASIC looks to extend CFD intervention

ELIZABETH MCARTHUR   The regulator is seeking support from government to extent its product intervention powers on contracts for difference (CFDs) until they are revoked or sunset in 2031.

Six Park hires operations chief

KARREN VERGARA  |    12:15PM   Six Park hired a new operations chief in September who finished up at Westpac after a decade with the bank.

Lakehouse Capital co-founder to depart

ANNABELLE DICKSON  |    11:23AM   After five years, the Sydney-based investment firm is bidding farewell to its chief investment officer and co-founder.

Rest firms up net zero pathway

ELIZABETH MCARTHUR  |    12:12PM   Industry fund Rest has released its roadmap to net zero and scenario analysis on the impact of climate change on investment returns.

Industry funds partner with AMP Capital

ELIZABETH MCARTHUR  |    12:09PM   Cbus Property and UniSuper have invested with the AMP Capital Retail Trust, as AMP Capital demerges its private markets business, making a $2.2 billion move in the retail space.

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |    11:22AM   A Senate committee is proposing a regulatory framework for digital assets and crypto-asset businesses to protect consumers, promote investment in Australia and deliver competition, but the industry has concerns.

HUB24 to acquire Class

JAMIE WILLIAMSON   SMSF technology provider Class has agreed to be acquired by HUB24 via a scheme of arrangement.

What family offices want: Report

ELIZABETH MCARTHUR   KPMG Australia and The Table Club have produced a new report revealing how much growth family offices expect from investments and what they want from investment managers.

Cannon-Brookes takes stake in fund manager

JAMIE WILLIAMSON   The Atlassian co-founder has taken an equity stake in a local impact investment firm.