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Super tax break changes open for consultation

KARREN VERGARA  |  TUESDAY, 3 OCT 2023
Treasury's clampdown on tax concessions for superannuation balances greater than $3 million has been laid out in its draft legislation and is now opened for consultation. From 2025-26, the proposed law states that for members with total superannuation ...

EQT launches new wholesale fund down under

CHLOE WALKER  |  TUESDAY, 26 SEP 2023
... investment giant's new fund, EQT Nexus, offers Australian wholesale investors access to its diverse private markets fund. The open-ended fund, managed full-time by two portfolio managers, invests in a range of EQT funds spanning mature buyouts to ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... and that they could remain competitive in the current environment. At the time, he also added there would be no plans to open the fund to non-Qantas employees. "We are very grounded in the fact that we are the superannuation fund for Qantas employees ...

State Street implements first rebrand in 50 years

CHLOE WALKER  |  FRIDAY, 22 SEP 2023
State Street has rebranded for the first time in over five decades, saying its new look represents its "history of firsts", with the branding unveiled alongside its new global headquarters. The new brand and digital-first visual identity has been designed ...

Financial services marketing is broken: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 20 SEP 2023
A new study shows that while most local financial services marketers believe compliance teams get in the way of them getting their job done, those same compliance specialists think marketers are just looking for someone else to blame when marketing ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
The government has published its draft legislation and is seeking feedback on its proposed reforms, which aim to strengthen the integrity of the tax system and regulators' powers in response to the recent PwC scandal. The new legislation outlines changes ...

Younger Aussies want advice but don't know how to get it: CFS

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... how to access it, a study from Colonial First State shows. According to research commissioned by CFS, 53% of under 40s are open to advice compared to 36% of those aged 40 to 59 and 15% of those over 60. However, despite being open to advice, 35% of those ...

Adviser registration deadline extended again

KARREN VERGARA  |  WEDNESDAY, 20 SEP 2023
... reason for the extension. After the bill passes into law, ASIC said it will issue regulatory guidance, conduct webinars, and open the registration portal to commence accepting applications for registration. The bill also includes proposed changes to ...

Australian Bond Exchange, Boston Global Group launch fund

CHLOE WALKER  |  WEDNESDAY, 20 SEP 2023
... Australian Credit Opportunities Fund, targeting wholesale and sophisticated investors. The new fund is a new unregistered, and open-ended pooled investment unit trust which provides wholesale investors with exposure to fixed income securities and credit ...

XV Capital plots expansion, fund launch

JAMIE WILLIAMSON  |  TUESDAY, 19 SEP 2023
Sports investment firm XV Capital is planning a new sports tech fund and offices in the US and Europe, making a slew of appointments in support of the strategy. XV Capital was launched in 2020 by former Australian Rugby Union captain Stirling Mortlock ...