Count subsidiary acquires accounting firm
Count subsidiary firm Twomeys has acquired Canberra-based accounting firm Allan Watt Accounting (AWA).
AZ NGA acquires outsourced HR firm
Professional services company AZ NGA has acquired outsourced human resources company Catalina Consultants as part of its plans to build out the range of business support solutions it offers its expanding network of financial advisory and accounting firms.
Australia’s first Sukuk active ETF launched by Hejaz Group
Islamic Finance provider Hejaz Group has launched Australia’s first Sukuk active ETF, enabling investors to access a Shariah-compliant bond alternative product.
First Sentier appoints chief operating officer
Fund manager First Sentier Investors has appointed Amanda Gazal as chief operating officer, overseeing the company’s day-to-day operations.
TAL launches digital insurance platform for super members
Life insurer TAL has launched digital platform TAL Connect to help superannuation fund members manage their insurance covers and claims.
State Street cuts management costs of six Australian SPDR ETFs
Asset management business State Street Global Advisors has announced substantial management cost reductions on six of its Australian-based SPDR ETFs.
Maple-Brown Abbott promotes within distribution team
Boutique fund manager Maple-Brown Abbott has made a slew of promotions within its distribution team.
Managed fund registrations soar while super products dip in September quarter: APIR
Software company APIR has identified 228 financial product registrations in the September quarter of 2023, in line with the five-year rolling average for the same period.
Gender, income gaps persist in retirement savings: ASFA data
Industry data has found that a $25,000 difference in annual salary will mean 10 extra years of work when it comes to accumulating a comfortable superannuation balance before retirement.
Jones says time for talk is over on member experience
Minister for Financial Services Stephen Jones says the superannuation sector has been well and truly told off about perceived lack of customer service standards and progress on retirement and does not expect to continue the rhetoric into next year.
YFYS retirement test could be on the cards
When it comes to assessing retirement solutions, the current Your Future Your Super testing regime is not fit-for-purpose. Changing that would require legislative amendment. But recent messaging from the prudential regulator suggests it’s nonetheless a real possibility that funds should be ready for.
LifeBid raises $1.45m in equity funding
Life insurance platform LifeBid has raised $1.45 million in equity funding since launching its equity raising campaign in August, surpassing its goal of $1 million. Some 147 investors participated in the fundraising round. They were predominantly from the life insurance and financial advice sectors. The successful equity crowdfunding campaign follows a strategic co-investment of $630,000 … Read more
