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| | | Allan Gray Australia is exiting the platform market, inclusive of its superannuation offering, to focus on its core funds management business. Effective April, Allan Gray will transfer the Allan Gray Solutions platform to OneVue Wealth Services. The ... |
| | | | Investment Trends' 2022 Adviser and Advice Technology report, developed in conjunction by Finura Group, highlights a proliferation of providers exploring international opportunities and a blurring of the lines between investment platforms and advice ... |
| | | | The court case against Mercer Superannuation for allegations of greenwashing is "just one of the investigations on foot", ASIC chair Joe Longo said. "We will do what we need to do to make sure entities are not misleading the market" on greenwashing ... |
| | | | Last month, Treasurer Jim Chalmers pledged to end the super wars, but opposition to proposed super tax changes suggest a resolution is unlikely. Opposition leader Peter Dutton stated that he's "dead against" the government's proposed tax changes ... |
| | | | The government will double the concessional tax rate for superannuation balances over $3 million, affecting 80,000 people or 0.5% of super accounts. Commencing 2025/26, superannuation earnings in the accumulation phase that exceed $3 million will face ... |
| | | | Setting a precedent, the corporate watchdog has taken Mercer Superannuation Australia to court for alleged greenwashing conduct. Mercer marketed the Sustainable Plus options, available in the Mercer Super Trust (MST), as suitable for members who "are ... |
| | | | In reporting its half-year results, Diverger reinforced its commitment to inorganic growth, saying a 13% drop in profits is owed, among other things, to investment in its FY25 strategy. Diverger reported underlying profit of $2.93 million, citing lower ... |
| | | | Former Orb Global Investments chief executive Akhilesh Kamkolkar has pleaded guilty to charges relating to $1 million of investor money he spent for himself. A further two offences of carrying on a financial services business without a licence will ... |
| | | | ASIC has been asked if its culture is toxic following the Treasury investigation into deputy chair Karen Chester. At a hearing this morning, a letter written by Secretary Treasurer Kennedy to ASIC chair Joe Longo regarding Chester's conduct was ... |
| | | | National Advice Solutions was convicted in a Queensland court for cold-calling consumers and trying to convince them to switch their super fund, copping a $70,000 fine. National Advice Solutions' AFSL was cancelled in December and its two responsible ... |
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