Industry Updates

Risk market inflows up 3.7 per cent over the past year

Total risk market inflows have risen 3.7 per cent over the past year from $17.1 billion to $17.7 billion according to research Plan for Life.

ASIC places interim stop orders on two Perpetual Funds

ASIC has issued interim stop orders preventing Perpetual from offering or distributing the Pure Microcap and Geared Australian Share fund to retail investors because of deficiencies in its Target Market Determinations.

AXA partners with St George Community Housing for affordable rental housing

AXA IM Alts has launched its new build-to-rent strategy through a partnership with St George Community Housing (SGCH). 

Financial planners awarded at 2022 FPA Professional Congress

The Financial Planning Association has announced the winners of the 2022 FPA Awards and the Gwen Fletcher Memorial Award at the FPA Professionals Congress in Sydney. 

Government moves to increase super fund transparency

The federal government is overhauling transparency requirements so members can access clearer, more meaningful, and more consistent information about their superannuation funds.

SHP launches with $240 million founding investment from HESTA

A specialist affordable housing fund manager, Super Housing Partnerships (SHP) has launched with founding investment support from industry fund HESTA which has committed $240 million.

ASIC updates guidance on ETP naming conventions

ASIC has updated its guidance on naming conventions for licensed Australian exchanges that admit exchange traded products (ETPs) following public consultation.

Pearler clocks $500 million invested in CHESS-sponsored holdings

Australia’s long-term investing and wealth management platform, Pearler, has surpassed more than $500 million invested in CHESS-sponsored holdings. 

ASIC sues Block Earner for unlicensed conduct over crypto-asset based products

ASIC has commenced civil penalty proceedings in the Federal Court against fintech company Block Earner alleging it provided unlicensed financial services in relation to its crypto-asset based products and that it operated an unregistered managed investment scheme.

AXA IM Alts appoints new head of client group, Asia

AXA IM Alts has appointed Lu Gao as head of client group Alts, Asia. 

Digital tool to support advisers with sustainable investing launched

Fintech entrepreneur Tom Culver has launched Ethic Adviser, a new sustainable investing solution for financial advisers, investment brokers, and accountants.

Giles Wade appoints WA advisory lead

Boutique investment and tax advisory firm Giles Wales has opened a Perth-based office and appointed Katie McDonald as director of advisory. 

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