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Financial Standard - April 22, 2025

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In this issue

April 22, 2025

Coalition targets 30k advisers

Shadow Treasurer Angus Taylor and Shadow Assistant Treasurer Luke Howarth announced a range of measures the Coalition would be looking to prioritise for the financial advice industry if elected on May 3.

2 mins

Fake family offices emerge from shadows

Fake family offices are popping up all over the world, with loose definitions and limited regulation enabling misrepresentations to be made and leading to calls for processes to verify legitimacy.

3 mins

First Sentier to enter ETF market

First Sentier Investors is expecting to list its first exchange-traded fund (ETF) on the ASX in mid-May.

1 mins

Global investor services group comes down under

Global investor services firm IQ-EQ has entered the Australian market with the acquisition of AMAL Group - a provider of corporate trust, agency services and loan servicing.

1 mins

Cybercriminals attack major superannuation funds

Cybercriminals attempted to breach the systems of several superannuation funds at the start of the month. Although most attacks were repelled, thousands were affected.

3 mins

GESB expands leadership team

GESB added a former HESTA executive as its chief member experience officer, while also welcoming a chief corporate services officer.

1 mins

Perpetual to build digital wholesale term deposit marketplace

Perpetual Corporate Trust will begin operating a digital marketplace offering debt instruments, kicking off with wholesale term deposits.

1 mins

AMP shareholders approve pay

AMP shareholders overwhelmingly approved the 2025 remuneration and chief executive Alexis George's long-term incentives after the company rejigged its remuneration framework.

1 mins

Future Group positions super offerings for growth

As part of Future Group's broader plans to scale, Future Super and Verve Super are set to be merged into the Smart Future Trust, giving members of each a completely new menu of investment options for less.

2 mins

Adviser exam pass rate declines

ASIC has released the results of the 28th Financial Adviser Exam, held on March 6.

1 mins

Three AFS licensees pinged over breaches

Three AFS licensees — Australian Advice Network, IA Advice, and Sherrin Partners Services — have copped infringement notices from ASIC after their financial advisers provided personal advice while unregistered.

1 mins

WTL merges three advice firms

WT Financial Group (WTL) is consolidating three financial advice practices - Titan Financial Planning, Darwin Financial Services and Wealth Connect Financial Services - after announcing its joint venture with Merchant Wealth Partners this week.

1 mins

The super fund scouring the dark web to protect members

A compromised identity could result in financial harm, including the loss of superannuation savings, a particularly prominent risk given the volume of members' personal data available for sale.

2 mins

ASIC asks for input on RS, IDR dashboards

The corporate regulator plans to introduce two interactive dashboards that would track firm-level reportable situations and internal dispute resolution (IDR) data to push financial firms to lift their game.

2 mins

Hejaz receives $182m injection

Hejaz has scored $181.8 million (€100m) in funding from an unnamed UAE-based private wealth group.

1 mins

RBA flags risks to super system

The Reserve Bank of Australia (RBA) has said the superannuation sector being derailed by liquidity challenged could pose a threat to the country's financial stability.

1 mins

TAL takes 15% stake in Challenger

MS&AD Insurance Group Holdings has sold its entire 15.1% stake in Challenger to TAL.

1 mins

There is more to investing than tariffs and trade

The thing about being an equity investor is that sometimes macroeconomic forces work in your favour but when they do not, you still have bottom-up stock specifics to guide your investment decisions. This is how the current investment backdrop appears.

4 mins

Investing in the next generation

Why quality small caps offer compelling returns

4 mins

Aware spends $1.6bn on MIIX

Aware Super has committed $1.6 billion to the Melbourne Intermodal and Industrial Exchange (MIIX) precinct to support expanded capacity and the creation of 3000 jobs.

1 mins

Super fund growth: The winners and losers in FY24

AustralianSuper has kept its position as the fastest growing super fund by net asset growth, adding $43 billion into its coffers in FY2024.

1 mins

Allegro sells Questas stake

Allegro Funds has sold its majority stake in Questas Group to Five V Capital for $375 million.

1 mins

AIOFP partners to offer white-labelled digital advice

The Association of Independently Owned Financial Professionals (AIOFP) has partnered with fintech firm moneyGPS, which will provide its digital advice platform to the advice association's 120 AFSL members and 5000 financial advisers.

1 mins

SSGA dominates ESG market

State Street Global Advisors (SSGA) continues to dominate the ESG and ethical investment market, according to Rainmaker Information, with a nearly 40% holding.

1 mins

Trump presidency pushes Aussies to ethical superannuation fund

The inauguration of President Donald Trump in the US and the heightened volatility and uncertainty that has followed has been boon for Future Super, the fund says.

2 mins

PE left 3bn tonnes emissions: Emmi

Emmi estimates that the private equity sector has left three billion tonnes of carbon footprint, but more precise figures are difficult to obtain in the opaque asset class.

1 mins

Rest backs $300m solar farm and battery project

Octopus Australia has announced the financial closing and the commencement of construction of its 80mw Fulham solar farm and 128 megawatt-hour (mwh) battery project, backed by key investors including Rest.

1 mins

Platinum funds to be merged

Platinum Asia Investments (PAI) has rejected a non-binding indicative proposal from the PM Capital Global Opportunities Fund and will move forward with plans to merge with the Platinum Asia Fund Complex ETF (PAXX).

1 mins

Apex wins $7bn mandate

Apex Group has won a mandate to administer Diversa Trustees' $7 billion master trust business.

1 mins

Beyond the cheque: HNWs evolving philanthropy

Philanthropic giving, a cornerstone of societal progress, continues to transform. High-net-worth families, increasingly driven by a desire for tangible impact, are moving beyond traditional donation models to embrace more engaged, strategic, and trust-based approaches.

2 mins

DWS fined $43m for greenwashing

DWS will pay $43 million (US$27m) to settle a long-running greenwashing case brought by Frankfurt prosecutors.

1 mins

Managers back Avoided Emissions Platform

Twelve asset managers with US$4 trillion of assets under management have helped launch the Avoided Emissions Platform (AEP), a new tool that calculates avoided emissions to assess the impact of climate solutions.

1 mins

Pella fund launches in NZ

Pella Global Generations Fund has launched in New Zealand under a portfolio investment entity (PIE) structure.

1 mins

DWS fined $43m for greenwashing

DWS will pay $43 million (US$27m) to settle a long-running greenwashing case brought by Frankfurt prosecutors.

1 mins

Janus Henderson to take on $75bn fixed income portfolio

Janus Henderson has entered a strategic partnership with The Guardian Life Insurance Company of America (Guardian) to manage its $75 billion (US$45 billion) investment grade public fixed income portfolio.

1 mins

Trade war rattles economic outlook

Treasury admits that escalating trade hostilities and risks to the economy are \"more significant than expected\" as it releases its Pre-election Economic and Fiscal Outlook (PEFO).

1 mins

ART urges long-term perspective amid chaos

Speaking at a financial adviser roadshow in Sydney, Australian Retirement Trust chief economist Brian Parker discussed the many risks he and the investment team are fielding in the wake of US President Donald Trump’s most recent tariff announcements.

1 mins

Tariff tales

The last few weeks have been erratic for geopolitics and investment markets around the world.

1 mins

How.unhedged currencies help in a crisis

It's been a tumultuous time on global sharemarkets since the full extent of Trump's tariffs were announced.

1 mins

ON THE MOVE

Liz McCarthy has spent her whole life on the move, which has taught her invaluable lessons about life, work and always moving forward.

5 mins

Read all Stories from Financial Standard

Financial Standard Description:

Publisher: Rainmaker-Information-Pty-Limited

Category: Newspaper

Language: English

Frequency: Fortnightly

Financial Standard is focused on providing trade news, investment analysis and education for superannuation trustees, financial advisers, researchers, consultants, investment managers, and professional investors.

In an evolving and complex marketplace, Financial Standard is a uniquely open forum for the delivery and exchange of information and ideas.

Financial Standard's investment analysis is its key point of differentiation from any other publication available on the market today, generated internally by our intelligence unit and through liaison with leading investment practitioners.

Financial Standard is a part of Rainmaker Group's media division.