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Showing 1 - 10 of 100+ results for "July 1"

Insignia loses self-employed advisers

KARREN VERGARA  |  THURSDAY, 27 JAN 2022
Insignia Financial reported an exodus of self-employed advisers in the December 2021 quarter amid an overhaul of its advice fee model. The company, which recently shed the name IOOF, lost 118 advisers during the period. Most advisers (94) who left were ...

Australians plough record cash into managed funds

ELIZABETH MCARTHUR  |  MONDAY, 24 JAN 2022
Australian investors put almost three times as much cash into managed equity funds in 2021 as they did in 2020, according to the latest Fund Flow Index from Calastone. Fund inflows rose to $35.7 billion across all assets in 2021, up from $13.6 billion ...

Use of cryptos to boom in 2022: Research

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
One billion people will own some form of cryptocurrency by the end of 2022, new research suggests. Analysis from Crypto.com shows the number of crypto owners across the global nearly tripled last year from January's 106 million to 295 million in December. ...

E&P pulls the plug on DASS

KARREN VERGARA  |  WEDNESDAY, 19 JAN 2022
Amid a slew of class actions and regulatory problems, the troubled superannuation subsidiary of E&P Financial Group is now in voluntary administration. PwC has been called in as voluntary administrators of Dixon Advisory and Superannuation Services ...

Natixis sells Fiera Capital interest

JAMIE WILLIAMSON  |  FRIDAY, 14 JAN 2022
Natixis Investment Managers is offloading its stake in Fiera Capital over the course of two transactions. Natixis has flagged it will sell close to 11 million shares in Fiera Capital; 3.56 million will sell for an aggregate repurchase price of US$34.8 ...

Christian Super investment chief in new role

JAMIE WILLIAMSON  |  THURSDAY, 13 JAN 2022
The chief investment officer at Christian Super has been appointed to the same role with a recently merged fund. Following a national recruitment process, Mark Rider has been appointed chief investment officer at LGIAsuper and Energy Super. The appointment ...

QSuper merger update, fee cuts

ELIZABETH MCARTHUR  |  TUESDAY, 11 JAN 2022
QSuper has assured members they will shortly feel the benefits of scale in the form of fee cuts, after it merges with Sunsuper to create Australian Retirement Trust. The $133 billion QSuper will merge with $90 billion Sunsuper on February 28. The QSuper ...

Media Super apologises for major calculator error

JAMIE WILLIAMSON  |  THURSDAY, 6 JAN 2022
Members of Media Super have received an apology from the fund after it was discovered the information underpinning its benefit projection tool hadn't been updated since 2015. Media Super's Retirement Income Simulator was made available on its public ...

Consultation opens for CCIV draft bill

KARREN VERGARA  |  WEDNESDAY, 22 DEC 2021
The long-awaited Corporate Collective Investment Vehicle regime draft regulation has been released, with consultation to be held until 21 January 2022. Rules for financial reporting, record-keeping, and custody of CCIV assets are some of the measures ...

Proxy advice reforms force transparency, AFS licensing

KARREN VERGARA  |  MONDAY, 20 DEC 2021
Treasurer Josh Frydenberg announced reforms to proxy advice which includes forcing superannuation funds to disclose detailed voting records. Super funds exercising voting rights on behalf of their members will need to be more transparent with their ...
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