Vision Super and Active Super to merge
Vision Super and Active Super will merge to create a $27 billion fund with 170,000 member accounts, and a broader geographic presence across NSW and Victoria.
June 07, 2023
New Quantum completes stage one of Morrison Securities acquisition
Technology company New Quantum Holding has completed stage one of its 80 per cent acquisition of Morrison Securities from ASX-listed licensee Sequoia Financial Group.
June 07, 2023
What on Earth were they thinking?
The recently revealed PwC tax consulting scandal offers some important messages to licensed financial advisers and their industry bodies about the ethical obligations of a profession when dealing with conflicts of interest, writes chartered accountant Robert M C Brown.
June 06, 2023
CSC ups cybersecurity budget by 22pc in FY24
The Commonwealth Superannuation Corp will increase its cybersecurity budget by 22 per cent in FY24 after the cyber attacks on Optus, Medibank, and Latitude Financial Services, according to CSC head of security Daminda Kumara.
June 06, 2023
NGS Super appoints CEO
NGS Super has appointed acting CEO Natalie Previtera to the role permanently after a national recruitment process.
June 06, 2023
Alphinity and CSIRO partner for responsible AI framework
Boutique active equities fund manager Alphinity Investment Management has partnered with national science agency CSIRO to develop a framework to help the investment community assess responsible artificial intelligence (AI) practices and integrate them into ESG considerations.
June 06, 2023
SMSF Association welcomes franking credit recommendation
The SMSF Association has welcomed the Senate Economics Legislation Committee’s recommendation that the federal government review the legislative amendments that target franked distributions funded by capital raisings.
June 06, 2023
Reckoning due for businesses reliant on capital injections
Businesses with razor thin margins will need to review their balance sheets, according to a pair of insolvency experts. The cost of doing business has increased significantly and market conditions have placed further pressure on profit margins.
June 05, 2023
Cboe launches Global Listings
Securities and derivatives exchange network Cboe Global Markets has launched Global Listings, which will facilitate worldwide access to capital and secondary liquidity for equities and ETFs.
June 05, 2023
Pressure mounts on institutions to do more to prevent scams
The pressure on banks and financial institutions to step in and prevent their customers from financial losses from investment scams continues to mount. While scrutiny is being applied to banks at the moment, other institutions need to be on the alert.
June 05, 2023
MA Financial appoints global asset management veteran as MD
Diversified financial services firm MA Financial Group has appointed global asset management veteran Anthony Habis as managing director, as well as the head of real estate partnerships in its asset management division.
June 05, 2023
The smiley face curve that shows what people are willing to pay for digital advice
The youngest and oldest Australians are willing to pay for digital advice services, with a dip among the 35 to 54 year olds – a mix of older millennials and younger Gen Xers – according to research from Otivo. This could have startling benefits to cohorts that are currently priced out of holistic, human-led advice.
June 02, 2023
