LATEST NEWS

Powered By 

FST Media Logo
Gold fish jumps to bigger bowl

Superannuation

BT Super sold to Mercer

Mike Taylor 26 May 2022

Westpac has announced that it has entered into a heads of agreement to shift its superannuation business to Mercer.

The company said it had entered into a heads of agreement with Mercer to merge, through a successor funds transfer, BTY’s personal and corporate superannuation funds with Mercer Super Trust.

It…

Business for sale sign

Financial Planning

Advisers now paying up to 7x earnings for client books

Mike Taylor 26 May 2022

Quality books of financial planning clients are now selling for up to seven times earnings as advisers look to push their client lists further towards those who are predominantly high net worth.

At the same time as the mid-tier licensees are competing to attract profitable advice practices, the advice practices…

Collateral damage note

Superannuation

Super funds worry about multi-million dollar impact of APRA data project

Mike Taylor 26 May 2022 No Comments

Superannuation funds could be stung for millions of dollars to meet the regulator’s data collection needs.

White graph with explosions and red line going up

Funds Management

Global equities most popular among new funds

Oksana Patron 26 May 2022 No Comments

The global equities funds, with a sharp rise in ESG themed funds, dominated the recently launched funds, according to Equity Trustees.

Online investing

Funds Management

ASIC LEI consultation highlights push for global alignment

Oksana Patron 26 May 2022 No Comments

ASIC’s new consultation paper on LEI has stressed increased push for global regulatory harmony.

Photo of sign with arrivals and departures

Superannuation

Cbus appoints new group executive

Yasmine Masi 26 May 2022 No Comments

Antony Thow will replace the outgoing Robbie Campo in the Group Executive Brand, Growth and Product role at Australian super fund, Cbus.


APRA super early release

Superannuation

APRA data draw stark post-election picture of super early release

Mike Taylor 25 May 2022 One Comment

Just days after the election, the latest APRA data have drawn a stark picture of the impact of superannuation early release.

Sign of confusion, uncertainty, bewilderment and disorientation

Financial Planning

Younger advisers need good understanding of inflationary environment

Oksana Patron 25 May 2022 No Comments

Some younger financial advisers may have never experienced an inflationary environment, according to Gryphon Capital.

green shoots on coins

Funds Management

Cromwell continues to sell non-core assets

Oksana Patron 25 May 2022 No Comments

Cromwell Property Group has continued to sell non-core assets, with a $108.5 million recently announced sale of its head office.

Fintech

Funds Management

VanEck launches global carbon credits ETF

Oksana Patron 25 May 2022 No Comments

VanEck has announced the launch of the VanEck Global Carbon Credits ETF, Australia’s first carbon credit exchange trade fund (ETF).

Rising returns

Financial Planning

intelliflo appoints Australian sales head

Yasmine Masi 25 May 2022 No Comments

intelliflo has announced its first Head of Sales in Australia as Stuart Alsop, former Head of Business Development for FE Fundinfo.

Hands holding jigsaw piece

Investment

CIP AM to rebrand as Challenger AM

Staff Writer 24 May 2022 No Comments

Challenger Limited has confirmed two key moves as it positions itself to broaden its offering in both Australia and the Asia Pacific.

White graph with explosions and red line going up

Investment

Dividends hit new record but sectoral concentration concerning

Staff Writer 24 May 2022 No Comments

Investment dividends have hit a new record in Australia recovering well beyond pre-pandemic levels.

A running track split in the middle with sharks swimming

Life Insurance

Commissions aside, the insurance gap makes continuing the LIF vital

Mike Taylor 24 May 2022 No Comments

The compelling data around the growing life insurance gap should be enough to see the Government endorse the LIF.