Pendal overhauls former BlackRock fund

blackrock/Pendal-Group/funds-management/

| By Charbel Kadib |

Parameters underpinning a high conviction Australian equity fund, formerly advised by BlackRock, have been revised by newly appointed manager Pendal Group.

AUTHOR

Charbel Kadib

Charbel is an experienced financial services journalist, previously serving as news editor of The Adviser and Mortgage Business. Prior to joining Money Management, he also covered defence and national security developments as news editor of Defence Connect, Cyber Security Connect, and Space Connect. Charbel graduated from the University of Notre Dame with a double major in politics and journalism.

View articles by Charbel

Charbel 's social profiles:

Revolution Asset Management to manage UniSuper’s debt portfolio

revolution-asset-management/unisuper/appointment/private-debt/

| By Jasmine Siljic |

People & Products

The specialist asset manager has been appointed to oversee the $115 billion super fund UniSuper’s private debt portfolio in Australia and New Zealand.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

TAA warns of ‘back to the future’ return to vertical integration

AIST/TAA/qoa/best-interest-duty/

| By Rhea Nath |

Financial planning

The Advisers Association believes Australia runs the risk of a “back to the future” scenario that served it poorly in the past unless guardrails are put in place on non-relevant providers giving “good advice”.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Director banned for promoting illegal early release of super

ASIC/Superannuation/early-release-of-superannuation/

| By Rhea Nath |

Superannuation

ASIC has banned Gold Coast-based director Darren Thomas Edden-Brown for eight years for promoting and helping consumers access their superannuation early to buy a home or pay personal debts.

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Asset value appreciation underpins ETFs’ March growth

BetaShares/ETFs/fixed-income/australian-equities/

| By Jasmine Siljic |

Funds management

Despite dwindling investor confidence, the Australian ETF industry still reached a new all-time high of $142.6 billion in FUM.

AUTHOR

Jasmine Siljic

View articles by Jasmine

Jasmine 's social profiles:

E-mail Author

Over $1.5bn lost to investment scams in 2022

ACCC/finfluencer/scams/

| By Rhea Nath |

Financial planning

The latest Targeting Scams report has revealed Australians lost over $1.5 billion in investment scams in 2022, with the number targeted for investment scams via social media rising by a third.

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Director jailed for $1.8m investment fraud

ASIC/fraud/

| By Laura Dew |

Financial planning

A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

Lonsec CIO steps down

lonsec/research-houses/

| By Rhea Nath |

People & Products

Lukasz de Pourbaix, executive director of Lonsec Investment Solutions and chief investment officer, is set to depart the firm in mid-June.

AUTHOR

Rhea Nath

View articles by Rhea

Rhea 's social profiles:

E-mail Author

Redefined team unveiled to drive financial services media powerhouse

| By Laura Dew |

People & Products

Australia’s foremost provider of financial services news, analysis and market intelligence, Momentum Media has today unveiled the team behind Australia's leading force in financial services industry media.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura

Laura 's social profiles:

What could the future look like for finfluencers?

finfluencers/ASIC/social-media/

| By Laura Dew |

Policy & Regulation

With finfluencer Tyson Scholz receiving a permanent injunction, a global regulatory report, co-chaired by ASIC, has shed light on what the future could look like for finfluencers and the firms who work with them.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

View articles by Laura