Latest Financial Services News

TAL Dai-ichi Life Australia has obtained all necessary regulatory approvals, including from APRA, to finalize its minority investment in Challenger Limited, acquiring a 19.9% equity stake.

360 Capital Mortgage REIT has successfully raised $6.4 million through an additional placement of over one million new units, aiming to expand its mortgage loan portfolio and enhance trading liquidity.

Australian Ethical Investment Ltd has reported a record $13.94 billion in funds under management, driven by robust net inflows and disciplined ethical investing amid economic challenges.

NSX Limited has updated its Scheme Implementation Deed with CNSX Markets Inc., extending the shareholder approval deadline and allowing greater flexibility in acquisition structuring.

Australian Bond Exchange Holdings has joined a Reserve Bank of Australia-led pilot exploring atomic settlement of tokenised bonds using digital currencies, aiming to transform bond market infrastructure.

humm Group has granted The Abercrombie Group limited access for due diligence following a $0.58 per share indicative acquisition proposal, signaling a cautious but significant step forward in potential ownership change.

A fresh review application has been lodged against the Takeovers Panel's earlier decision involving Keybridge Capital Limited, signaling ongoing regulatory scrutiny.

Pengana Capital Group has reported a solid increase in funds under management, reaching $3.64 billion as of June 30, 2025, alongside modest net performance fees and upcoming distributions.

HUB24 Limited has reported a record $19.8 billion in net inflows for FY25, driven by strong platform growth and significant migrations from Equity Trustees. The company also launched an innovative high net worth solution, reinforcing its market leadership.

Qualitas Real Estate Income Fund (QRI) has announced a distribution of 1.0664 cents per unit for June 2025, translating to an annualised return of 8.11% based on net tangible assets. The fund continues to focus on Australian real estate loans secured by mortgages.

Platinum Asia Investments Limited (PAI) has announced a proposed restructure via a scheme of arrangement to exchange its shares for units in the Platinum Asia Fund Complex ETF (PAXX), aiming to resolve a persistent discount to net tangible asset value (NTA). The scheme, supported by independent directors and deemed fair by an expert, includes a potential special dividend and awaits shareholder and court approval.

London City Investments reports a strong 14.8% increase in net worth for 2025, driven by gains in its investment portfolio and operating profits, outperforming the ASX All Ordinaries Index. The company also realized a significant capital gain from trimming its Fiducian Group shareholding and reinstated its Dividend Reinvestment Plan.