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
MLC Life Insurance appoints COO and CPO
MLC Life Insurance has appointed Jane Murray and Kristin Miller to the roles of chief operating officer and chief people officer, respectively.
Betashares launches currency hedged version of FTSE 100 ETF
ETF manager Betashares has launched a currency hedged version of its FTSE 100 ETF on the ASX.
Financial stress takes a heavy toll: Rest survey
The latest survey by a profit-to-member super fund Rest has revealed that financial stress and cost-of-living pressures are taking a toll on the mental health and outlook of its young members.
Requirement met for AMP Capital domestic sale met
AMP and Dexus Funds Management have confirmed the requirement needed to complete the sale of AMP Capital’s real estate and domestic infrastructure equity business Collimate Capital has been met.
Diverger receives rival acquisition offer
Diverger has confirmed in an announcement to the ASX that it has received a non-binding offer to be acquired by COG Financial Services.
