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| | | ASIC has banned Northern Territory financial adviser Harris Shortland for seven years, following his conviction for supplying dangerous drugs. In December 2021, Shortland was convicted on drug offences after having been arrested in July 2018 for importing ... |
| | | | Apex Group is on track to achieve 20% annual organic sales growth over the next two years and plans to triple its headcount to 1000. After acquiring Iress' superannuation platform late last year, Apex's big opportunity is in member administration ... |
| | | | Stockspot Super has launched to the public, a move first flagged by Financial Standard in May 2024. Stockspot said the offering is Australia's first fully transparent, ETF-only superannuation product, which has been designed to keep costs low and provide ... |
| | | | BNP Paribas' Securities Services business has been chosen by Medibank Private to provide custody and fund administration services. As part of the mandate, BNP Paribas will handle Medibank's custody, fund administration, performance reporting, cash management ... |
| | | | Sydney will stage a global superannuation summit in the second half of the year, on the heels of the inaugural industry gathering in the US last week. NSW treasurer Daniel Mookhey said the Sydney Superannuation Summit will cement the city's growing ... |
| | | | State Street will take over Mizuho Financial Group's global custody and related businesses outside of Japan. Mizuho operates its custody business through its subsidiaries Mizuho Trust and Banking (Luxembourg) and Mizuho Bank (USA) - both entities hold ... |
| | | | Aware Super has hired a data and artificial intelligence executive to speed up the adoption of the fast-developing technology. Mythili Baker has been appointed to the newly created role of head of data and AI at the $185 billion super fund. Aware Super ... |
| | | | Fronting the Senate Economics Committee, the Australian Securities and Investments Commission (ASIC) confirmed internal communications between staff at AustralianSuper played a significant role in shaping its case against the super fund. Senator Andrew ... |
| | | | For the half-year ending 31 December 2024, Australian Ethical reported its net profit after tax (NPAT) increased by 50% to $9.3 million. The underlying profit after tax (UPAT) was up 35% to $11.5 million, and as previously mentioned, the ethical manager ... |
| | | | Nearly one third of financial advisers are currently using artificial intelligence (AI) in their practice at a basic level, but many more say they need education and guidance, a new Investment Trends study finds. Some 27% of advisers that are embracing ... |
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