ETFs see positive flows in 2022 while managed funds struggle
The Australian ETF industry received $13.5 billion of net inflows, outdoing the Australian managed funds industry, according to data from ETF provider BetaShares.
January 11, 2023
TAL launches 2022 SpotChecker program, reiterating value of preventative skin safety
Life insurer TAL has launched the seventh annual iteration of its SpotChecker program to promote the importance of skin safety, preventative health screening, and early detection for overall health and well-being.
January 11, 2023
Justice Derrington to depart ALRC
Justice Sarah Derrington is leaving the Australian Law Reform Commission (ALRC) as its president and will be replaced by Justice Mark Moshinsky in the interim until a permanent replacement is confirmed.
January 11, 2023
BlackRock appoints James Raby as APAC head of wealth
BlackRock has appointed James Raby as APAC head of wealth.
January 10, 2023
ASIC places interim stop order on Vasco fund
ASIC has placed an interim stop order on Vasco Responsible Entity Services, stopping it from offering or distributing the Pivotal Diversified Fund to retail investors.
January 09, 2023
New downsizer contribution rules commence
The eligibility age for people to make downsizer contributions to their superannuation has officially expanded to include those aged 55.
January 03, 2023
Diversa Trustees fined for Cruelty Free Super greenwashing
Diversa Trustees has paid a $13,320 fine for alleged greenwashing after ASIC issued an infringement notice.
December 23, 2022
Perpetual appoints deputy equities head
Fund manager Perpetual has appointed Anthony Aboud as deputy head of equities for Perpetual Asset Management Australia (PAMA). Aboud has more than 23 years’ experience and has been with Perpetual since 2012. He will continue to work closely with Vince Pezzullo, who in November was appointed head of equities, and the broader PAMA team. Perpetual also
December 22, 2022
FNZ and UBS Australia complete platform migration
Global wealth management platform FNZ has migrated UBS Australia onto post-trade processing engine SynOps. In a media releases, UBS said this migration will ensure that more end investors can access a greater variety of investments more efficiently. SynOps is FNZ’s post-trade securities processing engine and is part of FNZ’s Syn product suite which provides real-time trade
December 21, 2022
Kyle Brown Wealth Management joins Count
Count Financial has added Kyle Brown Wealth Management to its national advice community. In a media release, Count noted 74 new advisers have joined the network in 2022. Kyle Brown Wealth Management was formed out of a larger Hobart-based firm in 2017. Brown, the subject of a recent Professional Planner profile, was driven by a passion
December 20, 2022
Credit insurance charges dropped against CBA
Criminal proceedings against the Commonwealth Bank regarding credit insurance have been dismissed due to the underlying criminal charges falling outside the statute of limitations. In a media release on Tuesday morning, ASIC said CBA had previously pleaded guilty to 30 criminal charges of making false or misleading representations to customers when selling consumer credit insurance
December 20, 2022
