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16 July 2024 • By Jessica Penny • 1 min read

Industry heavyweights join ACSI board

The Australian Council of Superannuation Investors (ACSI) has added three super executives to its board of directors – Kate Galvin, Rose Kerlin, and ...

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HUB24 platform FUA up 35% in Q4

The firm now has $104.7 billion in total funds under administration, while its net inflows were just shy of $5 billion for the quarter. In an ...

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Markets unfazed, yet political instability looms post-Trump shooting

While the attempted assassination of Donald Trump has not shaken markets, an economist warns that the current rise in populism and political ...

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ASIC puts banks on notice over $28m in ‘inappropriate’ fees

The corporate regulator has pulled up four banks over systematically charging high fees to vulnerable Australians. Four Australian banks are set to ...

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Corporate super fund commits to net zero via new investment

TelstraSuper has committed to funding new renewable energy infrastructure projects, including utility-scale solar farms and sustainable data centres

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Betashares drops currency hedged S&P 500 ETF

Betashares launched on Monday a currency hedged version of its popular S&P 500 Equal Weight ETF. The firm’s flagship ETF is now available as a ...

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APRA imposes licence conditions on Fiducian over data accuracy issues

APRA has imposed additional licence conditions on Fiducian to address data accuracy concerns ahead of the annual superannuation performance test

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Promoter of online crypto platform convicted for unlicensed financial advice

The Australian promoter of a financial services business and online crypto platform has been convicted of providing unlicensed financial advice

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Vanguard Super reports double-digit returns in first full financial year

The relatively new $1.5 billion fund has reported its first full financial year returns. Vanguard Super has reported a return of 13.2 per cent from ...

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Chalmers suggests ‘mid-teens’ surplus to ease inflation

Chalmers has hinted at a surplus in the “middle teens of billions” for the 2023–24 budget. Treasurer Jim Chalmers has revealed that he expects ...

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