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|BT has proposed changes to its Wealth Connect business which could see at least 38 roles become redundant, as Westpac continues to review its wealth platform, superannuation, investments and insurance businesses. BT's Wealth Connect team provides ...|
|A small cap fund backed by two fresh-faced investors with no prior funds management experience has managed to outperform the benchmark consistently since its inception in July 2018. As of August 31, Spatium Capital's Small Companies Fund returned ...|
|Wilson Asset Management has nabbed Willis Towers Watsons' director of manager research and head of real assets Australia after a decade with the financial services giant, set to lead the investment manager's new alternative assets strategy. Dania Zinurova ...|
|AUSTRAC private-public initiative the Fintel Alliance has released a financial crime guide to combat Australia's illegal wildlife trafficking industry. The guide, developed in partnership with the Department of Agriculture, Water and Environment, draws ...|
|The Tax Practitioners Board (TPB) has terminated the company registration of Sydney-based tax agent after she attempted to exploit a COVID-19 stimulus measure for over $20,000. The TPB determined TLL Tax Pty Ltd and its director Liying Tong breached ...|
|AMP Capital has been included in a prestigious list celebrating excellence in responsible investment, amid a turbulent year during which controversy after controversy has rocked the investment manager. AMP Capital was named alongside 16 asset owners ...|
|Newly launched trading platform Superhero has revealed it has the functionality to offer managed accounts to investors, and would be looking into developing this and an APL further in the future. The platform, which launched at the beginning of September ...|
|A diversified financial services firm with $1.55 billion in funds under management has appointed two new directors to its board following the its recent merger. Euroz Limited has appointed Ian Parker and Richard Simpson to its board, both who bring ...|
|Treasurer Josh Frydenberg has announced the government will commit more than $1.6 billion to provide support to the country's ageing Australians, but experts say the measures don't go far enough. The Treasurer announced the record funding would ...|
|National Australia Bank has hired 500 new employees to its private and business banking division, in a bid to get the "engine room of the economy firing again". It comes following the recruitment of 52 people to support NAB's private bank and 400 recruits ...|
The Australian Taxation Office yesterday couldn't answer exactly how many stapling-triggered employer checks it expects, but maintained its readiness for a July 1 go-live.
The asset manager is partnering with a start-up to build a new platform for institutional investors to trade digital currencies.
Australia's largest superannuation fund is taking issue with the proposed stapling regulations, arguing that the model is backwards and will not protect members from being stuck in dud funds.
The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers.
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