Betashares launches new investing platform
ETF manager Betashares has launched Betashares Direct, a platform with zero brokerage fees for self-directed retail investors looking to invest in any ETF on the ASX.
Fidelity launches global long-short fund in Australia
Fidelity International has launched the Fidelity Global Long Short Fund in Australia.
Australia passes sustainable finance test for first time
Australia’s ESG practices have scored over 50 per cent in ASFI’s annual industry tracker, after failing in its first two editions. Minister for Financial Services Stephen Jones said sustainable finance was a political and economic issue that is “not going away”.
Fintech’s talent raid on Vanguard, EISS shows its super ambitions
Share-trading fintech Superhero has hired three senior executives from across the wealth management industry, recruiting talent from big-name rivals. The raid sends a message that it is serious about transforming from a discount broker to Millennial and Gen Z investors into a player in the $3.3 trillion superannuation system.
Federal Court finds Diversa did not breach law
The Federal Court has found that Diversa Trustees did not fail to act efficiently, honestly, and fairly or fail to take reasonable steps to ensure its representatives complied with financial services laws. ASIC had alleged that Diversa broke the law by allowing Australian Super Finder, the Australian Dealer Group, and financial adviser Nizi Bhandari to … Read more
Industry veteran Melinda Howes to steer AMP’s super strategy
Experienced super industry leader Melinda Howes has joined AMP as its group executive for superannuation and investments.
Ares Management appoints partner to credit arm
Ares Management Corporation has appointed Will Farrant as a partner in the Ares Credit Group.
Capital Group appoints head of institutional for Asia and EACG
Investment company Capital Group has appointed Benno Klingenberg-Timm as head of institutional for Asia and Europe Client Group (EACG).
Morningstar appoints Mark Hoven
Morningstar has appointed former Adviser Ratings CEO Mark Hoven as senior vice president of enterprise sales.
Former abrdn CEO joins consulting firm KONU
Brett Jollie has become been appointed as a partner of investment and wealth management consulting firm KONU.
It’s time to walk the talk on a ‘just transition’ to net zero
When it comes to moving to a net zero or decarbonised economy it is hard to argue against a ‘just transition’. The alternative, after all, is an ‘unjust’ one. But institutional investors don’t seem to be across the emerging concept.
APRA, ASIC put retirement and climate risk at top of super agenda
In a closed-door meeting with superannuation executives, regulators APRA and ASIC have given the sector another prod to address the lack of appropriate retirement offerings for their members, revealing APRA will be surveying funds in coming months to assess progress. The watchdogs have also urged funds to get on with preparing for the climate-related financial disclosure regime commencing next year.
