Newspaper
Financial Standard
WA financial adviser cops ban
The Australia Securities and Investments Commission (ASIC) has made an order to permanently ban former Western Australia based financial adviser Neville Kendrick.
1 min |
May 19, 2025
Financial Standard
Alvia scoops up majority stake in ice cream cone maker
Alvia Asset Partners has acquired a majority stake in Altimate Foods, Australia’s largest ice cream cone manufacturer, in partnership with the company’s founding Rizzo family.
1 min |
May 19, 2025
Financial Standard
Risk premiums edge lower
Annual premiums from active life insurance policies fell 1.7% to $16.2 billion in the year to December 2024 — a $300 million decline from the previous year — according to DEXX&R.
1 min |
May 19, 2025
Financial Standard
TWG invests in Mubadala Capital
Sovereign-backed asset manager Mubadala Capital has given a 5% stake to TWG Global, and, in return, the former will lead a $15.6 billion syndicated investment in the holding company.
1 min |
May 19, 2025
Financial Standard
Betashares debuts ETF suite
Betashares has launched three fixed income ETFs, designed to replicate the characteristics of traditional bonds.
1 min |
May 19, 2025
Financial Standard
Brite Advisors' licence cancelled
ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR).
1 min |
May 19, 2025
Financial Standard
Prime Super to change fees
Prime Super has announced changes to its administration fees and costs, which will take effect from 1 July 2025.
1 min |
May 19, 2025
Financial Standard
Australia tops list for job growth
Australia recorded a significant upswing in professional job vacancies, led by the financial services sector in March, according to the Robert Walters Global Jobs Index.
1 min |
May 19, 2025
Financial Standard
Super funds, insurers drag IP recovery
While disputes continue to reach sky-high levels, income protection (IP) appears to be overcoming existential issues and delivering to customers, particularly as APRA retracts its regulatory tenterhooks.
3 min |
May 19, 2025
Financial Standard
Warren Buffett to retire, recommends successor
Berkshire Hathaway chief executive and chair Warren Buffett announced his intention to retire by the end of the year and put forth who he believes will best lead the company.
2 min |
May 19, 2025
Financial Standard
ACROSS THE AISLE
Bennelong Funds Management is like a mainline into the jugular of Australia's financial advice sector, with more than 6500 advisers channelling capital to its funds. But its global chief executive John Burke says the job's not done yet.
4 min |
May 19, 2025
Financial Standard
Now that's liberating
The good news is that Liberation day tariff damages are already undone.
1 min |
May 19, 2025
Financial Standard
Daniel Mulino takes over financial services portfolio
Daniel Mulino is the new minister for financial services and assistant treasurer.
2 min |
May 19, 2025
Financial Standard
Banking fees
Australia's banking sector is a behemoth.
1 min |
May 19, 2025
Financial Standard
HESTA divests MinRes holdings
HESTA divested its remaining shareholding in Mineral Resources (MinRes) following the resignation of the miner's entire ethics and governance committee just six months after it was established.
1 min |
May 19, 2025
Financial Standard
The best (and worst) asset classes of the year
Mercer's annual periodic table, which charts 17 major asset classes investment returns on an annual basis over the last decade, reveals that there's few reliable themes, except that greater risk tends to be rewarded by greater return.
1 min |
May 19, 2025
Financial Standard
Big supers vote against Woodside
Aware Super and HESTA have voted against the re-election of Woodside director Ann Pickard, who also chairs the Energy Board's Sustainability Committee, with HESTA also voting against the broader remuneration plan.
1 min |
May 19, 2025
Financial Standard
Rest details internal program to reform death benefit processes
Rest has disclosed the existence of 'Project Scarlet,' an internal program that the fund's carried out over the past 18 months to improve its death benefit claims processes.
2 min |
May 19, 2025
Financial Standard
Vision Super defends new but 'archaic' policy
Vision Super has defended a policy not to share member information to anyone it believes are located offshore, however the way in which the fund allegedly determines the location of an individual has caused a stir.
2 min |
May 19, 2025
Financial Standard
Insignia gives PE firms more time
Bain Capital and CC Capital Partners have been granted more time to thumb through Insignia Financial's books.
1 min |
May 05, 2025
Financial Standard
Japan's first digital investment platform for private assets goes live
Tokyo-based financial services firm Keyaki Capital has launched what its describes as a “first of its kind” online platform to exclusively offer private equity, private credit, and other private asset investment funds to Japanese high-net-worth investors.
1 min |
May 05, 2025
Financial Standard
Div 296 must proceed: ASFA
Ahead of the federal election, the Association of Superannuation Fund of Australia (ASFA) urged all contesting parties to consider its recommendations to “protect and strengthen” the super sector.
2 min |
May 05, 2025
Financial Standard
Gilt-y party
Gold prices have been surging in 2025, up G23% since the start of the year. This has meant the price for a troy ounce has breached the AU$5000 for the first time (or US$3200) on the London Bullion Market. By comparison the S&P 500 is down 12% and the MSCI AC World 8% over the same period.
1 min |
May 05, 2025
Financial Standard
ANSC'S AFA takeover tanks
Agriculture & Natural Solutions Acquisition Corporation's (ANSC) bid to acquire the Bell family and Alastair Provan-owned Australian Food & Agriculture Company (AFA) for $780 million fell through.
1 min |
May 05, 2025
Financial Standard
Unlocking millennials' financial wellbeing mindset
As a millennial, I have recognised a definitive gap in the market, cultivated by the persistent idea that financial advice exists exclusively for affluent and older generations, which set me on the path to empowering young people in both their financial and life journeys.
2 min |
May 05, 2025
Financial Standard
Life insurance industry excellence honoured
The inaugural Financial Standard Life Insurance Industry Service Awards recognised service and innovation across a range of categories.
2 min |
May 05, 2025
Financial Standard
Corporate fund selects Mercer Super for SFT
One of the few remaining corporate super funds, the Goldman Sachs & JBWere Superannuation Fund, will be merged into Mercer Super this month.
1 min |
May 05, 2025
Financial Standard
ASX launches review into shareholder approval processes
The Australian Securities Exchange (ASX) has launched a review into listing rules related to shareholder approval requirements, particularly when it comes to mergers and acquisitions.
1 min |
May 05, 2025
Financial Standard
KNOWLEDGE IS KEY
Felicity Walsh, Franklin Templeton's head of Australia and New Zealand and head of institutional, APAC (ex. Japan), is constantly traversing the globe, learning as much about the business, its clients and the broader funds management industry as she can.
4 min |
May 05, 2025
Financial Standard
Centrepoint acquires super fund advice book
Centrepoint Alliance has entered into an agreement to acquire the comprehensive advice book from ESI Financial Services, a wholly owned entity of Brighter Super.
2 min |