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ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... ASX to be more transparent on its fees and services relating to clearing and settlements (CS) will kick in three months from now. Under the ASIC CS Services Rules 2025, the ASX will need to prove that the pricing of its services is transparent, fair ...

Super fund investment in US to skyrocket

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
... manage risks and deliver healthy long-term returns for their members," the report said. "Large institutional pension funds are now investing nearly half their assets in international markets, with nearly $800 billion currently invested outside of Australia." ...

MLC wary of but not opposed to bitcoin

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
MLC chief investment officer Dan Farmer said MLC is open to the possibility of investing in bitcoin in the future, but now is not the right time. "Like many institutional investors, we remain in the 'not now', rather than 'not ever' to bitcoin camp," ...

Perpetual calls off KKR deal

KARREN VERGARA  |  MONDAY, 24 FEB 2025
... proposals, including the various conditions included, were not in the best interests of shareholders and discussions have now ended," Perpetual said. KKR was hoping to secure Perpetual's wealth management and corporate trust businesses for $2.18 ...

Iress posts strong profit rebound, completes transformation program

ANDREW MCKEAN  |  MONDAY, 24 FEB 2025
... across all business units, and driving improved customer sentiment," Price said. "Although our formal transformation program is now complete, we remain committed to delivering further operating leverage while we develop new growth vectors in our core ...

Svava makes binding offer for Selfwealth, BFG given deadline to counter

MATTHEW WAI  |  MONDAY, 24 FEB 2025
... agreement with BFG to go through a "matching rights process" before it can accept or recommend the Svava proposal. BFG is now given until 5:00pm on February 26 to "provide a counterproposal in response..., and Selfwealth will consider the counterproposal ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... and for several years our process wasn't comprehensive enough to meet our obligations to members. We've fixed that now and we continue to review and improve our services, so we provide members with the support and guidance they expect and deserve," ...

ASFA acts to remove First Nations access issues

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
... Australia (ASFA) said the guidance is a step towards providing a "long-overdue" solution. ASFA chief executive Mary Delahunty said now is the time to resolve the "structural challenges" First Nations members face in engaging with their superannuation. ...

Next decade could bring back the conservative portfolio

ELIZA BAVIN  |  FRIDAY, 21 FEB 2025
... private debt," Parker said. "But also the silver lining to the cloud of higher inflation, is the fact that interest rates have now risen to more normal levels. I could buy a portfolio of government bonds and actually hope to get a positive, real return. ...

David Paradice hires from Betashares

ELIZABETH FRY  |  THURSDAY, 20 FEB 2025
... wholesale distribution lead said that at Betashares, he mainly looked after financial planners and advisors in New South Wales. Now, he covers a more diverse set of clients, including consultants, family offices, and ultra-high-net-worth clients. "It ...