Industry Updates

SMSFs outperform APRA-regulated funds in market downturn: Research

University of Adelaide research has found that SMSFs outperformed ARPA-regulated super funds in a period of market downturns.  

FSC recommends lifting investor test threshold, grandfathering

Research released by the Financial Services Council has found that in less than a decade, almost a fifth of Australian households would be eligible to buy wholesale products without retail consumer protections, leaving them potentially vulnerable due to not properly understanding the associated financial risks.

REST ups impact and alternative allocations via agriculture fund

Retail workers industry fund REST has ramped up its impact and strategic alternatives allocations through an investment in the agriculture focused Cibus Fund II. 

TAL unveils course program for its Risk Academy

Life insurer TAL has announced the 2024 course program for TAL Risk Academy, an education platform for financial advisers, professional year candidates, and support staff. 

Count acquires offshore service company Solutions Centric

Advice network Count has acquired Solutions Centric, an Australian company that provides offshore accounting, tax and SMSF services out of India.

Jeremy Cooper joins Bennelong board

Former Challenger retirement income chair and lead of the eponymous Cooper Review under the Rudd government, Jeremy Cooper, has joined Bennelong Funds Management as non-executive director. 

Court rules Block Earner crypto product needs AFSL

Fintech company Block Earner has been found by the federal court to have engaged in unlicensed financial services conduct when offering its crypto-backed Earner product. 

Advisers are buying more ETFs, especially for younger clients: AUSIEX

More financial advisers are favouring low-cost ETFs, with nearly a third (31 per cent) of their buying volumes directed to ETFs in 2023, according to trading platform AUSIEX. 

Kiwi sovereign wealth fund closes in on NZ$70b mark

Kiwi sovereign wealth fund NZ Super is edging close to NZ$70 billion ($65 billion) in total assets, ending the calendar year with 16.03 per cent pre-tax return.  

J.P. Morgan launches adviser portal in Australia

J.P. Morgan Asset Management has launched its adviser portal in the Australian market.  

BlackRock names head of Australia

BlackRock has appointed Jason Collins as head of Australia, reporting to Andrew Landman who was appointed deputy head of APAC, head of Southeast Asia and Oceania, and head of APAC wealth last month. 

AI a bigger opportunity than the internet: Fund manager survey

Close to half of Australian investment professionals think AI is a bigger opportunity than the internet, according to a Natixis Investment Managers global survey. 

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