Key measures have come into effect as of 1 July that the government says will help with the cost of living and help promote a stronger economy. Treasurer Josh Frydenberg released a statement detailing the measures that are coming that will impact a number of financial institutions, including corporate tax changes and superannuation changes. One of the major incoming changes is the Protecting Your Superannuation package to safeguard super savings from excessive fees, unnecessary insurance and the costs of multiple accounts.

Fidelity International has enhanced its global research capabilities with the launch of its proprietary sustainability ratings. The sustainability ratings will leverage Fidelity’s research capabilities and will be comprised of its equities and fixed income coverage. It will assist the management teams in providing a forward-looking evaluation of the company’s focus and ESG-related issues trajectory.

Global head of research, fixed income, Marty Dropkin said this tool was a natural step to match Fidelity’s research processes and was integral to the investment process. “Evaluating how effectively a company serves its stakeholders in the broadest sense is integral to our investment process. Building this proprietary sustainability ratings tool was a natural next step that matches our bottom-up fundamental research process and draws on our deep corporate access,” he said.

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OpenMarkets Australia has launched a new trading platform to meet the needs of self-directed investors and advisers wanting fast, low-cost online tools. OpenMarkets Equix is the new platform by digital ASX trading platform OpenMarkets Australia and is designed to offer a fast, low-cost online solution for trading and investing in Australian securities. Clients will be able to trade in ASX-listed equities, warrants and a full suite of products including ETFs, as well as analyse their performance, access charts, create alerts and download reports.

The mobile and web tool is free for customers utilising its click-refresh-live-data version or users can upgrade to streaming at a cost. Chief executive of OpenMarkets Andrea Marani said it was a significant development and was already gaining traction with clients. “The decision to develop a new trading platform came after identifying the need to give clients trading tools that could be customised and integrated into OpenMarkets broader platform ecosystem, such as access to global markets and complementary third-party tools,” he said.

The rest of this article can be found at investordaily.com.au.