Financial Standard

PrimaryMarkets launches new financial adviser channel

ANDREW MCKEAN  |    12:47PM   PrimaryMarkets has launched a new channel aimed at making alternative investments more accessible to financial advisers and their clients.

ASIC issues experienced pathway guidance

KARREN VERGARA  |    12:30PM   ASIC has released new guidance for financial advisers who could potentially qualify as experienced providers and skip further education and training.

Fidelity confirms active ETFs to launch in coming weeks

JAMIE WILLIAMSON  |    12:45PM   After receiving approval from unitholders to create a new class of units for several of its funds, Fidelity International will launch four active ETFs by June 3.

Centuria launches new wholesale fund

ELIZA BAVIN  |    12:00PM   The single asset wholesale fund aims to provide investors with attractive monthly income, tax deferred distributions and the potential for capital growth.

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA   ClearView has made changes to its ClearChoice product series, including the launch of trauma options, and is closing its ClearChoice Super Rollover product.

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN   There is a gap in perception among Australians of life insurance as a crucial component of financial stability, according to an Investment Trends Consumer Insurance Needs report.

SMSFs' use of advisers plummets: Research

ANDREW MCKEAN  |    12:50PM   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).

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |    12:05PM   The Reserve Bank board confirmed it considered hiking interest rates in May.

Financial services firms concerned about attracting staff

ELIZA BAVIN  |    12:04PM   New research from Robert Half suggests 74% of the finance industry is concerned about their ability to attract and retain staff.

ASIC cancels Everest Asset Management's AFSL

KARREN VERGARA  |    12:26PM   ASIC has canned the AFS Licence (AFSL) of the asset management firm linked to a massive money-laundering operations.

BitConnect promoter pleads guilty

KARREN VERGARA   The promoter of BitConnect Australia has pleaded guilty for his role in spruiking a fraudulent cryptocurrency scheme.

Funds SA chief investment officer exits

JAMIE WILLIAMSON  |    12:52PM   Funds SA is on the hunt for a new chief investment officer.

Cbus deputy CIO exits

KARREN VERGARA   The deputy chief investment officer of Cbus has left the super fund eight months after being appointed to the post.

Equip Super awards custody mandate

KARREN VERGARA  |    12:02PM   Equip Super has selected a new custodian and back-office administrator to replace NAB Asset Servicing.

Super funds to solve the housing crisis?

ANDREW MCKEAN   Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital.

The rising role and risks of generative AI

ANDREW MCKEAN   Generative AI, a rapidly advancing form of deep learning that mimics human output, also raises concerns about the verifiability of its results, UTS industry professor - emerging technology Nicholas Davis says.

Iress breach extends to OneVue business

JAMIE WILLIAMSON   Iress has confirmed the breach it was victim to over the weekend was worse than first thought, having spread to the recently offloaded OneVue business.

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA   Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals.

Wholesale investor tests up for parliamentary review

KARREN VERGARA   The federal government wants to shake up the wholesale investor tests further in launching a parliamentary inquiry into the entire framework, worrying many fund managers operating in the high-net-worth space.