Almost three-quarters of fund professionals expect to see consolidation of the superannuation industry this year in a bid to reduce costs, according to Calastone....

Reasons cited by Aussies for not investing included a preference to keep money in a bank account, belief it was too risky and lack of financial education. ...

The acquisition by the US investment firm would support the company’s long-term growth plans and product innovation....

Easier methods to invest, including apps with low brokerage, have caused volatility in the markets from millennials new to investing, according to fund managers....

Australia’s managed funds sector saw the largest-ever net outflow in March, with close to $4 billion leaving Australian funds during the month, according to global funds ...

Australian millennials have placed ethical funds, causes and products at the bottom of their priority ladder when it comes to choosing an investment fund, Calastone has f...

Calastone has announced OneVue and Mainstream have connected to its network to automate the transfer of clients’ managed funds holdings across platforms....

An automated solution would now be used to support the transfer of managed funds holdings across platforms....