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Australian Retirement Trust applies new investment exclusion

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
... (estimated or reported) in the most recent year of financial reporting," the fund said. ART said the screening does not apply to pooled vehicles or derivatives, which may have indirect exposure to companies involved in the mining of thermal coal. The ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... minimum amount of cover for changing needs as you get older. Fixed cover will still be available for members who want to apply for a specific cover amount."

ART reduces admin fees for high balance accounts

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... first $800,000 of member account balances in each Super Savings accounts they hold. From July 1, the percentage fee will apply to the first $500,000. As a result, administration fees will effectively decrease for members with an account balance over ...

Almost one third fail adviser exam

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... until they pass. Nearly 20,000 or 92% of candidates who have sat the exam have passed, demonstrating they have the skills to apply their knowledge of advice construction, ethics and legal requirements to the practical scenarios tested in the exam, ASIC ...

Fund managers nervously await 'golden visa' reforms

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... because no numbers have been allocated at the states, which is the primary vehicle by which the visa is granted, nobody can apply for the visa. There's a pipeline of applicants that launched the visa application, yet they are simply sitting there ...

Impact Alpha Partners adds to board

JAMIE WILLIAMSON  |  WEDNESDAY, 24 APR 2024
... (previously RealIndex) and Victorian Funds Management Corporation. "We are thrilled to welcome an individual of Adam's calibre to apply his formidable quantitative skills in finding solutions to impact investing problems," Huang said. Also commenting ...

ASIC cancels AFSL of JB Markets

ELIZA BAVIN  |  TUESDAY, 23 APR 2024
... market in financial products and operate custodial or depository services for retail and wholesale clients. JB Markets may apply to the Administrative Appeals Tribunal for a review of ASIC's decision.

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay. Justice Thawley sought to gather more information for the victims in delaying ...

Superhero introduces $2 brokerage

KARREN VERGARA  |  MONDAY, 15 APR 2024
... price reduction will see traders save as much as US$2.50. In conjunction with the FX transfer fee reduction, Superhero will apply US$2 brokerage on all US trades up to US$20,000 (0.01% fee for over $20,000). "Our approach leverages technological innovations ...

Non-compete clauses come under the microscope

ELIZA BAVIN  |  MONDAY, 8 APR 2024
Treasury has released a new consultation paper, Non-competes and other restraints: understanding the impacts on jobs, business and productivity, finding that these restrictions could have a "chilling effect" on the workforce. "The impacts of non-compete ...
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