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BetaShares to launch more megatrend ETFs

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
... and North American sports combined, with continued strong growth forecast." BetaShares chief executive Alex Vynokur said: "Next generation technologies for electric vehicles, digital payments, and video games are exciting opportunities that each in their ...

Intergenerational transfer hits $1.5tn

KARREN VERGARA  |  TUESDAY, 7 DEC 2021
Australians give away the vast majority of their wealth, as some $1.5 trillion has been passed on to the next generation since 2002, the Productivity Commission finds. In 2018 alone, nearly 90% of the $100 billion transferred was in the form of inheritances ...

Quinbrook acquires battery storage specialist

JAMIE WILLIAMSON  |  TUESDAY, 7 DEC 2021
... is an important strategic move for Quinbrook and will further differentiate our capabilities as a specialist investor in next generation renewables," Scaysbrook said.

QSuper, Sunsuper unveil rebrand

KARREN VERGARA  |  MONDAY, 6 DEC 2021
QSuper and Sunsuper unveiled a new name ahead of their planned merger, set to finalise early next year. The combined $230 billion super fund will be known as Australian Retirement Trust. Sunsuper's 1.4 million members will become members of Australian ...

Economic recap: Week to December 3

BENJAMIN ONG  |  MONDAY, 6 DEC 2021
... that GDP declined by 1.9% in the three months to September 2021. This may be the third biggest quarterly fall on record - next to the 2.0% decline in the June 1974 quarter and, of course, the 6.8% drop in the June quarter of last year - but it's ...

Government fails to prioritise $450 threshold

ELIZABETH MCARTHUR  |  FRIDAY, 3 DEC 2021
... three of those are women. HESTA chief executive Debby Blakey said she hopes parliament prioritises this legislation when it next meets, in February 2022. "Ensuring this legislation, which has bipartisan support, is progressed in the next sitting of Parliament ...

CFS targets adviser market

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... ever-changing needs of its adviser clients. CFS chief distribution officer Bryce Quirk told Financial Standard that over the next four years the money will be used to transform the business to remain competitive. A large portion of it will be dedicated ...

New financial crisis standards proposed

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... able to strengthen crisis preparedness and close those gaps," Lonsdale said. APRA will further consult on guidance material next year, while this consultation closes on 29 April 2022.

Top investment products, super fund revealed

STAFF WRITER  |  THURSDAY, 2 DEC 2021
... top spots. This shows that competition is strong, and no-one has the ability to rest on their laurels from one year to the next." Money worked with Rainmaker Information, InfoChoice, WhistleOut and Carsales to assess thousands of products. To find Australia's ...

Next Macquarie chair announced

CHLOE WALKER  |  THURSDAY, 2 DEC 2021
Glenn Stevens has been appointed the next chair of Macquarie Group and Macquarie Bank following the retirement of Peter Warne. Stevens' appointment and Warne's retirement as a voting director on both boards will be effective in May 2022, following the ...