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Three ETFs axed by Morningstar

KANIKA SOOD  |  TUESDAY, 25 FEB 2020
Dwindling client demand will see Morningstar analysts cease coverage on two BlackRock ETFs and a BetaShares product next month. From March 20, it will no longer publish qualitative research on iShares MSCI Japan (IJP), iShares China Large-Cap (IZZ) ...

SG amnesty bill finally passes

HARRISON WORLEY  |  TUESDAY, 25 FEB 2020
... forward to voluntarily disclose historical unpaid super. "We estimate an additional 7,000 employers will come forward in the next six months before the amnesty ends." Employers found to be underpaying their worker's superannuation will be subject to ...

SMSF Association reaffirms ATO partnership

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
... with [the SMSF Association] to further professional development and help us work better for our members." Maroney said the next tax professional to take on that secondment would be welcomed to the SMSF Association Sydney office in the middle of this ...

More US giants added to Chi-X TraCRs

HARRISON WORLEY  |  FRIDAY, 21 FEB 2020
Chi-X has unveiled the next tranche of large US listed companies to become available through its TraCRs investment vehicle. The alternative stock exchange has boosted the options available to investors through its Transferable Custody Receipts, adding ...

New Aussie ETF to invest in FAANGs

KANIKA SOOD  |  FRIDAY, 21 FEB 2020
... a few months of trading, to get access to the intermediary channel. Walesby said it could get to $50 million by this time next year, if the markets stay resilient. For year two, when the ETF filters onto approved products list, the company expects the ...

Morgan Stanley acquires E*TRADE

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... the business and will report directly to Gorman. Pizzi said joining Morgan Stanley will take the combined offering to the next level and deliver a comprehensive suite of wealth management capabilities. "Since we created the digital brokerage category ...

Midwinter expands advice software business

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... of the business. Midwinter chief operating officer Jeff Hall welcomed the new appointments as the company prepares for the next phase of its growth. "Midwinter has been well-established in the Australian financial advice software market for more than ...

Lendlease, Canadian pension fund expand partnership

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... new agreement will expand the partnership with an additional investment of approximately $155 million (£80 million) in the next phase of new Build-to-Rent homes, which will be at the original Lendlease Elephant Park development. CPP Investments will ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... a regulator," Fleming said. The ATO will be publishing more details what it is doing to improve regulatory effectiveness next month. She reminded the audience at the conference that only 2% of SMSFs are the subject of enforceable undertakings. However ...

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... that works holistically, and not just look at each component in isolation, adding that APRA plans to publically announce next steps this week. "As we have been mulling over the submissions and thinking about alternative approaches, we have been conscious ...