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| | | Following a thorough review, the super fund will remove its lifestage investment strategy (LIS) options from February 13, saying the move will improve the financial future of its members. The Sand LIS, Coral LIS, Ocean LIS, and Sky LIS will be removed ... |
| | | | ... business's focus on wealth and retail distribution segments, where the firm sees "significant" opportunities as client portfolios grow more sophisticated and distribution models shift towards long-term partnerships. Further, Federated Hermes' Asia strategy ... |
| | | | The Australian Financial Complaints Authority (AFCA) has determined inappropriate advice provided by Financial Services Group Australia (FSGA) led to one client's $200,000 financial loss. In December, AFCA said it received more than 1800 complainants ... |
| | | | Trading and wealth management technology provider Openmarkets has entered a plan to merge with Lake Superior Acquisition Corp - a publicly traded special purpose acquisition company (SPAC). Upon completion of the merger, the newly combined entity will ... |
| | | | The unemployment rate fell to 4.1% in December, according to the Australian Bureau of Statistics (ABS). The unexpectedly robust employment numbers have added to the possibility of a Reserve Bank of Australia (RBA) interest rate hike back when the board ... |
| | | | State Street Corporation and QNB Group have announced a strategic alliance to introduce a new custody servicing model in Qatar. Under the agreement, State Street and QNB Group have agreed to collaborate, with service agreements to be finalised and executed ... |
| | | | EQT is entering the secondaries market with the acquisition of Coller Capital. EQT will acquire 100% of the Coller Capital management company, the Coller Capital general partner entities which control the Coller Capital funds, and 10% of carried interest ... |
| | | | A new type of vertical integration will emerge in the financial advice sector in 2026, while an oligopoly of two providers will dominate the platforms market, Finura predicts. Finura's Australian Wealth Tech Predictions report for the year ahead ... |
| | | | Colonial First State (CFS) and Stockspot have both delivered double-digit returns to members in their highest-performing options. For CFS, the FirstChoice Employer Super growth fund (MySuper Lifestage 1975-79) delivered an 11.6% return, while the FirstChoice ... |
| | | | GCQ Funds Management has appointed a former Platinum Asset Management executive as investment director. Reporting to GCQ's chief investment officer Doug Tynan, Douglas Isles will have with day-to-day responsibility for workflow and professional ... |
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