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Showing 281 - 290 of 1570 results for "Round"

FASEA to reword Standard 3

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
The Financial Adviser Standards and Ethics Authority has opened a round of consultation to amend the wording of Standard 3. Following concerns raised by the industry, FASEA is now asking stakeholders what they want the wording of Standard 3 to state ...

Super fund documents unreadable: Study

JAMIE WILLIAMSON  |  FRIDAY, 29 OCT 2021
The documents produced by Australia's largest superannuation funds have performed dismally in an analysis of readability, with an average score of 45.6 out of a possible 100. Ethos CRS analysed 80 different documents published online by the 10 largest ...

Superhero raise takes it across the ditch

KARREN VERGARA  |  TUESDAY, 26 OCT 2021
... The start-up recently raised $15 million to take the overall amount it has raised since 2018 to $48 million. The latest round was led by Perennial Value Management, and included Regal Funds Management, Ophir Asset Management and Alex Waislitz's Thorney ...

Pinnacle backs investment platform

ELIZABETH MCARTHUR  |  FRIDAY, 22 OCT 2021
... world-class asset managers," Pinnacle founder and managing director Ian Macoun said. "By investing in OpenInvest via this funding round we are happy to support an exciting Australian financial technology company that we feel has broad application and ...

Default MySuper fees drop to 1%: Rainmaker

JAMIE WILLIAMSON  |  WEDNESDAY, 20 OCT 2021
New analysis from Rainmaker Information shows about 60% of all MySuper products reduced their fees last financial year, with the average fees paid by members now sitting at 1%. The 13.5 million Australians with a MySuper account currently pay less than ...

Octopus Investments bolsters team

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
... building out the team three years ago. Investment director Jon Filbey and head of investments and developments Dennis Freedman round out the local team.

Global equities ETFs surge

ANNABELLE DICKSON  |  WEDNESDAY, 13 OCT 2021
Australian investors are favouring global equities exchange traded funds (ETFs), with the sector recording nearly 50% growth year on year, research shows. Industry research from Vanguard showed global equities ETFs recorded $4.9 billion in inflows in ...

New super fund prepares for launch

ELIZABETH MCARTHUR  |  TUESDAY, 21 SEP 2021
Tomorrow Super is readying itself for a $5 million pre-IPO funding round, with the promise of a financial adviser friendly superannuation solution. Crescent Wealth has acquired an 8% stake in Tomorrow Super and has become the firm's maiden white label ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
The prudential regulator is cracking down further on the superannuation funds that failed the performance test, chair Wayne Byres warned this morning. Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives ...

ASIC to watch member shunting to untested super products

KANIKA SOOD  |  THURSDAY, 2 SEP 2021
... force members of failing MySuper or Choice options to their other products that don't face a performance test. The first round of the Your Future, Your Super performance only test applied to 80 MySuper products, out of the thousands of superannuation ...