The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts. In a judgement delivered on 21 February, the country’s largest fund has been given 30 ...

In what it has called the “first partnership of its kind in Australia”, UniSuper has announced it will launch a digital advice offering for members in June. The super fund, which is the fourth largest ...

Magellan is hopeful its new executive leadership structure will help the asset manager tap into sustainable growth, while confirming that Stack’s departure could impact client retention in listed ...

InvestorDaily understands that funds are largely opposed to the government mandating annuities, following the release of a confidential proposal outlining plans to address the challenges of ...

Where the RBA goes next is anyone’s guess, with economists and market pundits offering wildly different takes on the governor’s tone during the press conference and whether politics played a role in ...

The investment chief of the $139 billion fund UniSuper has doubled down on his scepticism of cryptocurrency. The CIO of UniSuper, John Pearce, described the recent rally in cryptocurrencies as a “sign ...

The ETF manager has reached a new milestone and has now set its sights on $11 billion by the year’s end. Global X Australia has exceeded $9 billion in assets under management (AUM). This comes just ...

While the Reserve Bank delivered its first rate cut in over four years on Tuesday, governor Michele Bullock struck a largely hawkish tone in her post-meeting press conference, emphasising that the ...

February’s rate decision has been the most anticipated in over a year. For the first time in over four years, the Reserve Bank of Australia has delivered a rate cut, reducing the rate from 4.35 per ...

The platform provider has seen record half-year net inflows, while its statutory NPAT hits $33.2 million. In its first half results announcement on the ASX on Tuesday morning, HUB24 reported an ...

The Future Fund has upped its stake in CDC Data Centres under a deal worth over $2 billion. In a statement on Tuesday, the country’s sovereign wealth fund said it has inked a deal with the ...

Interest in bitcoin ETFs is on the rise, with retail investors still leading the charge, but cautious institutional involvement is steadily growing. According to Jamie Hannah, VanEck’s deputy head of ...