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Financial Standard - May 05, 2025

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In this issue

May 05, 2025

Industry to face shakeup: Deloitte

Private capital, active ETFs and tokenisation are set to take the financial services sector by storm over the next three to five years, Deloitte predicts.

1 mins

Local challenger enters ETF market

ETF Shares, Australia's first new index ETF issuer in more than a decade and the country's only locally owned provider, is preparing to launch.

1 mins

Consultants fall short with NFPs: Expert

Asset consultants are commonly employed by large not-for-profits for investment advice; however, their guidance often delivers underwhelming outcomes, according to Stockspot chief executive Chris Brycki.

3 mins

Action is the only option

Twenty-four. That's how many women have been killed at the hands of a man in Australia in the first four months of 2025, as at April 25.

2 mins

ASIC loses Block Earner case

The Federal Court has vindicated Block Earner by overturning a decision that it needed an AFSL to offer its Earner product and dismissing ASIC's appeal to impose penalties on the platform.

1 mins

Iress offloads QuantHouse

ASX-listed Iress is divesting its market data business QuantHouse for €17.5 million ($31.4m) at a 45% discount to what it acquired it for in 2019.

1 mins

Shield Master Fund terminated, new receivers for Keystone Asset Management

The Shield Master Fund (SMF) has been terminated while its responsible entity Keystone Asset Management (KAM) has been appointed a new receiver and administrator.

1 mins

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 mins

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 mins

Advice firm hammered with $11m penalty

Defunct advice firm Equiti Financial Services, since renamed DOD Bookkeeping, which has been placed into liquidation, has been slammed with an $11.03 million penalty for providing \"cookie cutter\" advice and breaching conflicted remuneration laws.

1 mins

Face punch

The power of conviction

4 mins

Global X launches AI infra ETF

Global X launched the Artificial Intelligence Infrastructure ETF (ASX: AINF), which focuses on companies with exposure to data centres, energy and materials that help facilitate the adoption of AI technologies.

1 mins

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 mins

Indigenous NFP mandates JANA

JANA has won a mandate from Aboriginal Investment NT to bolster its $655 million commercial investment portfolio (CIP).

1 mins

Smaller super funds unfairly burdened by regulatory levy

Members of small and medium-sized super funds have become “collateral damage” in an imperfect regulatory funding model, CPA Australia says, in response to Treasury’s proposed levy changes for 2025-26.

2 mins

Future Group confirms more mergers ahead

The Smart Future Trust is growing again, taking on the Zurich Master Superannuation Plan and a small MLC product.

2 mins

Insignia Financial trims $5bn FUM

Market volatility and institutional outflows shaved $5 billion off Insignia Financial's funds under management (FUM) last quarter.

1 mins

Cbus investment chief resigns

Cbus chief investment officer Brett Chatfieldº¹ will leave the $100 billion fund to take on an opportunity outside of industry superannuation, as his replacement is named.

1 mins

Family offices favour real estate

The world's richest families love to invest in real estate more than any other asset classes, a new analysis shows, as more than half feature property in their portfolios.

1 mins

Energy as a weapon

The critical case for energy transition

5 mins

Advisers seek investment philosophy, performance in managed accounts provider

Investment philosophy and portfolio performance are the main reasons why financial advisers have chosen their managed accounts provider, new research from Zenith Investment Partners show.

1 mins

Selfwealth to be taken over

Selfwealth shareholders approved the investment platform's acquisition by Singaporean digital wealth manager Syfe Group's holding company Svava at the end of April.

1 mins

FNZ faces revolt from shareholders

FNZ employee shareholders are revolting against the global technology firm for allegedly diluting their ownership by US$4.5 billion with three capital raises in 12 months.

1 mins

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 mins

WEATHERING THE STORM

US President Donald Trump's \"Liberation Day\" tariffs caused havoc for global markets, but there may be an upside for emerging markets with a trifecta of tailwinds picking up steam.

10+ mins

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 mins

Nearly $9bn leaves Perpetual

Nearly $9 billion of investor money exited Perpetual in the March quarter, leaving its total assets under management (AUM) at $221.2 billion.

1 mins

DII drives life insurance disputes: APRA statistics

Disability income insurance (DII) continues to be a bugbear for the life insurance industry and is the most highly disputed product among advised, non-advised and group insurance customers, APRA statistics show.

1 mins

Generation Development Group enters ASX 200

Generation Development Group has posted record inflows across its managed accounts and investment bonds businesses and capped off the milestone by entering the ASX 200.

1 mins

Life insurance industry excellence honoured

The inaugural Financial Standard Life Insurance Industry Service Awards recognised service and innovation across a range of categories.

2 mins

Warakirri adds kiwifruit to fund

Warakirri Asset Management has added a 200-hectare aggregation of three orchards, mainly kiwifruit, with some nashi and corella pears as well as jujubes, to its farmland fund.

1 mins

Sustainable real assets boutique launches

Peter Johnston, James Hooper, and Alexandra O'Dea have come together to form Socia Investors, 'socia' being the Latin word for 'partner'.

1 mins

Investors dump Climate Active

IFM Investors and Insignia Financial have confirmed their exit from the government's Climate Active scheme.

1 mins

Trump presidency pushes Aussies to ethical super fund

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

2 mins

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 mins

Prime Financial Group buys Lincoln Indicators

The ASX-listed wealth manager is acquiring Lincoln Indicators, expanding its presence in the high-net-worth and self-managed super spaces.

1 mins

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 mins

PGIM Real Estate makes APAC hire

PGIM Real Estate has promoted its head of Japan to the newly created role of deputy head of Asia Pacific, effective immediately.

1 mins

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 mins

MSCI, Moody's launch risk tool

MSCI and Moody's Corporation have partnered to launch an offering that assesses risks for private credit investments.

1 mins

UK watchdog to open Australian office

The UK’s Financial Conduct Authority (FCA) will open an office in Australia so that the regulator can assist UK firms in entering the local market and vice versa.

1 mins

Inflation figures point to May cut

The Consumer Price Index (CPI) rose 0.9% in the March 2025 quarter and 2.4% annually, according to the Australian Bureau of Statistics (ABS).

1 mins

WFH saves employees $5308

Australians who have worked from home since the COVID-19 pandemic have cut their commutes by around three hours a week, equivalent to a time saving worth an estimated $5308 a year based on average wages, new research by the Committee for Economic Development of Australia (CEDA) found.

1 mins

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 mins

Donald Trump spooked

While the threat of an awkward phone conversation with Australia’s prime minister appeared to have no effect on Donald Trump’s rather erratic tariff announcements, the mood of the bond market was a different thing entirely.

1 mins

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 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.