NEWS AND RESEARCH

23 July 2024 Comments
Perpetual has seen another difficult quarter for its asset management division, reporting its largest quarterly outflows for FY24.
The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely…
Generation Development Group has shared the outcome of its EGM regarding its plans to fully acquire Lonsec through remaining shares.
Sequoia Financial Group has confirmed chief executive Garry Crole will remain at the firm until June 2026 but will work on a succession plan for his…
Four individuals face a $1 million fine after being charged with alleged market manipulation regarding a “pump and dump” scheme.
The investment platform has released a suite of improvements for its users, designed to enhance adviser efficiency and optimise client engagement.

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ardea Diversified Bond F
144.00 3 y p.a(%)
3
Hills International
63.39 3 y p.a(%)
 

INVESTMENT INSIGHTS

FINANCIAL PLANNING

The FAAA’s Phil Anderson has written an open letter calling for a public inquiry to uncover why the case of Dixon Advisory has been so closely guarded given the high volu...

Sequoia Financial Group has confirmed chief executive Garry Crole will remain at the firm until June 2026 but will work on a succession plan for his replacement....

The investment platform has released a suite of improvements for its users, designed to enhance adviser efficiency and optimise client engagement....

Proactive compliance risk management has become both a “regulatory necessity” and a “cornerstone of ethical excellence” for financial advice licensees, this compliance pr...

Wealth Data founder Colin Williams believes legislative changes mean there is ‘no excuse’ for further financial adviser declines as the number of new entrants struggle to...

PEOPLE & PRODUCTS

10 July 2024

Submissions and nominations have opened for the inaugural Momentum Media Australian AI Awards 2024, which champions the wealth management industry for contributing to the...

The financial advice firm has appointed an Aware Super executive to join its platforms business in a newly created role aimed at enhancing and accelerating its retirement...

2 July 2024
2 Comments

Technology company Iress has revealed the findings of its internal investigation following a cyber incident earlier this year which affected its OneVue business. ...

30 June 2024

Financial software provider Bravura has extended the term of its chief commercial officer as it seeks to finalise work on its transformation program....

Financial advice software provider DASH has partnered with HealthyMe Digital to launch a new solution for advisers and clients providing health and wellbeing content....

FUNDS MANAGEMENT

Perpetual has seen another difficult quarter for its asset management division, reporting its largest quarterly outflows for FY24....

Generation Development Group has shared the outcome of its EGM regarding its plans to fully acquire Lonsec through remaining shares....

Four individuals face a $1 million fine after being charged with alleged market manipulation regarding a “pump and dump” scheme....

The number of Australian retail investors using ETFs has risen by 66 per cent since December 2022, while usage by institutional investors is the second-highest in the wor...

Global investment manager L1 Capital has expanded its fund range with the launch of a listed hedged vehicle on the ASX....

SUPERANNUATION

18 July 2024
4 Comments

Analysis by Chant West of the annual performance of growth superannuation funds has uncovered which ones see the best performance....

9 July 2024

Nominations and submissions have opened for this year’s Super Fund of the Year Awards for two individual categories....

3 July 2024
1 Comments

Australian Super, which has $315 billion in member assets and 3.3 million members, has shared its annual returns for the FY23-24....

30 June 2024
1 Comments

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....

5 June 2024

The Federal Court has found Active Super made misleading representations regarding its ESG credentials, specifically around excluding Russian investments at the time of t...

LIFE/RISK

Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Plannin...

The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD ...

The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....

The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market an...

ASIC has issued its first interim stop order on two life insurance products from ClearView Life for DDO failures....

ACCOUNTING

28 August 2022

Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined...

25 August 2022

Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22....

3 February 2022

Having completed their educational qualifications, those advisers who remain in the industry are reporting being “run off their feet” with new clients....

29 September 2019

With October being Mental Health Month, it’s a good opportunity for people in the profession to look out for each other’s mental health....

28 May 2019

The Administrative Appeals Tribunal has rejected an application by a former tax agent to stay a Tax Practitioners Board decision to terminate his registration with the ma...

POLICY & REGULATION

Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on sta...

Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation....

The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension....

Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms....

ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory fr...

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MARKET INSIGHTS

Peter Johnson

As others have said - plenty of excuses for further falls. How about decades of being continually beaten down by the...

2 hours 56 minutes ago
Duke Nukem

Finally someone with the guts to ask the hard questions of the corrupt body that governs us. Good on you Angry, ASIC mak...

4 hours 18 minutes ago
Alex

Planners will be in short supply, with only 376 in FY23–24. In my experience, of this number, only around 20% to 30% wi...

1 day ago

Insignia Financial has unveiled a new operating model and executive team, including a new head of advice, while three senior executives are set to depart the licensee....

1 week 6 days ago

ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct....

1 day 20 hours ago

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....

3 weeks 2 days ago