‘Gamekeeper’ turns ‘poacher’ as Eureka Report closes in on platform deal

28 October 2014

News Corporation’s Eureka Report is set to start testing a digital investor engagement solution next month, as talks continue with platform provider, OneVue.

OneVue announced that it expected to “execute binding agreements immediately”, that would see its subsidiaries provide Eureka Report subscribers with services including superannuation plans and self-managed super fund (SMSF) services.

The move comes nine months after it emerged that the Eureka Report, founded by ABC business commentator and frequent critic of the financial planning industry, Alan Kohler, had obtained an Australian Financial Services Licence, and reports emerged that Kohler had become a qualified securities adviser.

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In an announcement to the Australian Securities Exchange yesterday, OneVue stressed that the agreement to provide Eureka Report subscribers with access to its digital direct offering was “subject to final negotiations”.

However, the company said, “Subject to the execution of agreements, user testing of the service is anticipated to commence next month and Eureka Report will determine a public launch date”.

“The negotiations have been in relation to OneVue’s subsidiaries providing Eureka’s subscribers with:

- Digital direct distribution;

- Superannuation and pensions plans; and

- SMSF services.

“The agreement is consistent with OneVue’s growth strategy,” the company said.




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