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Privacy lock and wooden hand

FAAA baulks at another industry levy proposal

Mike Taylor 17 October 2024 7 Comments

Financial advisers are already heavily burdened by industry funding levies and FAAA is warning against yet another levy being imposed.

Data sharing and exchange

AustralianSuper $2.2b US data centre play

Mike Taylor 17 October 2024 No Comments

AustralianSuper has made a major play into the US data centre market via a $2.2b investment in US firm, DataBank.

Male figure steps into gap

TPB signals facilitative approach on TASA Code implementation

Mike Taylor 17 October 2024 No Comments

The Tax Practitioners Board has signalled a facilitative approach to implementing the new TASA Code of Conduct with guidance to be issued.

Economic slowdown

Super withdrawal proposal risks gender economic abuse: WIS

Yasmine Raso 17 October 2024 No Comments

Women in Super has critiqued the proposal allowing withdrawal of super, saying it increases the risks of economic abuse for women.

Boardroom table

Clime IM replenishes board after director exits

Mike Taylor 17 October 2024 No Comments

A week after announcing the resignation of three directors, Clime Investment Management has announced replacements including two lawyers.

M&A

Netwealth adds digital financial literacy platform to acquisition roster

Yasmine Raso 17 October 2024 No Comments

Netwealth has confirmed the acquisition of digital financial education platform, Flux Corp, as it looks to grow its wealth literacy strategy.

Virescent Ventures completes 100 million first close raise for Fund II

RIAA announces 2024 responsible investment leaders, investors

Yasmine Raso 17 October 2024 No Comments

The RIAA has announced the 2024 list of Responsible Investment Leaders and Responsible Investors, with 90 organisations recognised.

Man uses ipad to utilise digital advice

CFS delivers $88 a year digital advice solution

Mike Taylor 16 October 2024 7 Comments

Colonial First State has moved ahead of its peers in introducing a digital advice solution for its FirstChoice super members without an adviser.

Couple receiving property advice

Property advice is financial advice and needs to be licensed

Mike Taylor 16 October 2024 5 Comments

Australia’s major consumer groups have backed a call for property advice to be licensed in the same way as financial advisers.

Senior citizen collage

Australian super system slips down global index

Mike Taylor 16 October 2024 2 Comments

Australia has failed to do enough on the decumulation phase of superannuation resulting in its slipping down the global pensions index.

Investment fees

Average US investment fees halved over 20 years

Mike Taylor 16 October 2024 No Comments

New Morningstar research has confirmed the continuing downward pressure on investment fees with cheap passive funds the investor favourites.