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Cryptocurrency lender Helio charged for false credit licence claims

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
... addition to this, ASIC claimed Helio Lending was neither an ACL holder nor a representative of an ACL holder. The matter is next listed for mention on 7 July 2022 in the Melbourne Magistrate's Court. In a release, ASIC said that ACLs are required to ...

Australians are crypto-curious but not committing

CHLOE WALKER  |  FRIDAY, 8 APR 2022
... not currently own crypto but are either interested in learning more or say they are likely to acquire cryptocurrency in the next year. Among the crypto-curious who plan to purchase for the first time in the next year, 47% were women. Women in developing ...

Australian Ethical, Christian Super explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 6 APR 2022
... possible synergies created by a merger. If successful, the successor fund transfer would take place later this year or early next. Due diligence is expected to be completed next month. If it goes ahead, the merger would see Australian Ethical managing ...

Colonial First State settles super class action for $56.3m

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... settled the class action for $56.3 million, inclusive of legal fees, subject to court approval. A trial was due to start next week but it has now been vacated. Maurice Blackburn said the settlement means class action members should start receiving compensation ...

Recession-style policy but no recession: Grattan

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... policy strategy is very unusual. "The government is going to be putting about $13.4 billion into people's pockets over the next six months; that's 1.3% of GDP," Wood explained. "Compare this to the stimulus package from the Global Financial Crisis ...

WealthO2 rolls out rebrand

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
... articulate our offering to both our customers and the market," chief executive Andrew Whelan said. He said, being in its next phase of the growth, it was the right time to change business name and create a new identity. The rebrand comes with a new logo ...

AustralianSuper in $3.58bn telecoms acquisition

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
... Australian consumers and businesses. Kemp added that AustralianSuper is looking to double its infrastructure portfolio over the next five years to $62 billion. "We believe that there will be significant growth in demand for digital infrastructure and ...

Aussie instos commit $50bn to UK projects

JAMIE WILLIAMSON  |  FRIDAY, 1 APR 2022
... transition, create thousands of jobs, and increase housing stock. IFM Investors has committed to investing $5.27 billion over the next five years to both maintain existing assets, like Manchester and East Midlands airports, and a new net zero fund that ...

New distribution head at Perennial

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... teams and now also take responsibility for institutional distribution. He steps into the new position as head of distribution next week. In other news in Perennial's distribution team, Chris Comino will join the firm as institutional sales director. ...

Nucleus Wealth launches direct indexing option

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... funds. Now on the shores of Australia, Nucleus Wealth chief investment officer Damien Klassen says direct indexing is the next generation of exchange traded funds. "The power is in the hands of the investor, without the research and oversight responsibilities ...