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Market pessimism over Insignia 'overblown'

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... "Furthermore, the asset management business is priced like mature asset managers with poorer performance, higher fees, and fewer products. We disagree with such pessimistic assumptions."

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... funds after bringing down their administration fees, a new analysis by KPMG shows. KPMG found that admin fees for MySuper products have come down from 0.33% to 0.26% based on a $50,000 balance. With MySuper admin fees continuing to decrease across the ...

GSFM to distribute new strategy in Australia

ANDREW MCKEAN  |  MONDAY, 27 MAY 2024
... Financial Standard that it chose to partner with Alantra because of its long history and wide variety of alternatives products. He also said Alantra connected GSFM with Access Capital Partners (ACP), a Paris-based private equity fund-of-funds business ...

How super funds could better support members: Research

ELIZA BAVIN  |  MONDAY, 27 MAY 2024
... guidance navigating the age pension and aged care options, assistance optimising drawdown rates, providing lifetime income products that give members the confidence to spend their retirement savings, and guided pathways to help members choose financial ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
... Infocus. At the same time, Clime and Infocus will commence a strategic partnership that includes the integration of Clime products into Infocus' platform. Clime bought Madison four years ago from OneVue, now Certane Corporate Trust, for about $4.5 ...

ASIC places stop orders on Trademax Australia

JAMIE WILLIAMSON  |  FRIDAY, 24 MAY 2024
... properly assess whether they were likely to be in the target markets described in its TMDs for the complex and risky products; did not adequately enquire into risk tolerance and technical understanding of CFDs over crypto assets to enable Trademax to ...

ASX loses technology and data head

KARREN VERGARA  |  FRIDAY, 24 MAY 2024
... Chesterman took on the technology and data remits in July 2023. Chesterman's responsibilities include overseeing data ASX products such as reference data, benchmarks and indices, and DataSphere, as well as data centre and connectivity services businesses ...

Major themes to watch in the ETF space

ELIZA BAVIN  |  THURSDAY, 23 MAY 2024
... underlying investment you are making, not the vehicle that it is wrapped in," he said. Meantime, Cboe director of investment products Oran D'Arcy said as a whole the ETF industry has seen major growth over the past five years and he expects that ...

Fidelity confirms active ETFs to launch in coming weeks

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAY 2024
... Australian investors, and the ETF structure enables us to offer our clients an alternative option on how they invest in our products. "That is why we are launching more of our top strategies through this vehicle." They will sit alongside the Fidelity ...

ASIC issues experienced pathway guidance

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... for the exam extension and if they were authorised to provide personal advice to retail clients on relevant financial products on that date. INFO 281 also provides guidance to AFS Licensees on their requirements to notify ASIC when they receive a declaration ...
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