NEWS AND RESEARCH

21 February 2024 Comments
ASIC has accepted a court-enforceable undertaking from a former Melbourne financial adviser regarding advice on self-managed superannuation funds.
ASIC has issued a warning to advisers and their licensees after identi...
Iress has reported a statutory NPAT loss of $137 million in 2023 compa...
In its half-yearly results, Netwealth’s FUA has risen to $78 billion w...
Diverger managing director, Nathan Jacobsen, is expected to depart onc...
Bravura is seeking to be a market leader in digital advice as it focus...

TOP PERFORMING FUNDS

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INVESTMENT INSIGHTS

FINANCIAL PLANNING

ASIC has accepted a court-enforceable undertaking from a former Melbourne financial adviser regarding advice on self-managed superannuation funds. ...

ASIC has issued a warning to advisers and their licensees after identifying deficiencies in their oversight of Choice super performance....

ASIC has issued a warning to advisers and their licensees after identifying deficiencies in their oversight of Choice super performance....

Iress has reported a statutory NPAT loss of $137 million in 2023 compared to a profit of $52.7 million in the previous year....

In its half-yearly results, Netwealth’s FUA has risen to $78 billion with net inflows of $9.5 billion, largely underpinned by a new cohort of financial advisers adopting ...

PEOPLE & PRODUCTS

19 February 2024

Jason Nyilas, who has more than 35 years of experience across financial services, has been appointed executive adviser at both moneyGPS and HeirWealth....

15 February 2024

In its latest annual platform report, Investment Trends reveals which investment platform has taken the top spot for functionality, as HUB24 and Netwealth vie for first p...

11 February 2024

With shares down 51 per cent over the last five years and the firm losing its spot as Australia’s largest licensee, Scott Hartley will have a turnaround job ahead of him ...

11 February 2024

Jeremy Cooper, who led a government review into superannuation, has been appointed as a non-executive director at Bennelong Funds Management. ...

8 February 2024

JP Morgan Asset Management has launched a new digital portal in Australia based on adviser feedback, enabling them to compare portfolio performance and access investment ...

FUNDS MANAGEMENT

Janus Henderson has made two new appointments, including a newly created role, to boost its presence with financial advisers and intermediaries in Australia and New Zeala...

Magellan has detailed its plan to revamp its business in the US, with executive chairman Andrew Formica saying he can see a “tremendous opportunity” for the firm. ...

“Unacceptable circumstances”, a lack of shareholder support and Chinese regulatory delays are among reasons for problems with M&A deals in the fund management industry re...

In this latest Meet the Manager profile, Money Management speaks with Wilson Asset Management portfolio manager Matthew Haupt on Australian equities, the US presidential...

Zenith Investment Partners has highlighted the importance of a diversified investment approach to holding artificial intelligence stocks, rather than relying on a concent...

SUPERANNUATION

31 January 2024

Total MySuper assets are approaching $1 trillion while the number of funds with more than six members has declined by 40 per cent over the last five years, according to A...

21 January 2024

SuperRatings has shared the top 10 balanced superannuation funds of the calendar year 2023, with the top two funds returning more than 13 per cent each....

17 January 2024

Super funds have delivered a strong 2023 calendar year result, bolstered by strong international share markets, successfully reversing losses of 4.6 per cent in the previ...

10 January 2024

Money Management explores four key superannuation fund mergers expected to finalise this year, including two mergers with Australian Retirement Trust. ...

2 January 2024

SuperRatings has revealed the estimated annual performance of balanced superannuation funds for 2023, welcoming the “strong return to form” after losses in the previous y...

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

A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes ...

The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advi...

With several financial services firms looking to implement AI into their business, the federal government is examining introducing mandatory guardrails to ensure it can b...

The Federal Court has penalised ANZ over its breach of continuous disclosure obligations and has warned other institutions could face a penalty as high as $780 million if...

A former strategy manager at suspended stockbroking firm BBY has been charged with aiding and abetting dishonest conduct including the alleged transfers of $8.7 million i...

MARKET INSIGHTS

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