ASIC has pinpointed five managed funds that need to improve their marketing oversight....
Perpetual has announced the notional appointment of the executive committee that will lead the combined group following the proposed acquisition of Pendal....
Michelle Levy, reviewer of the Quality of Advice Review, has defended her proposals to allow superannuation funds and banks to provide financial advice. ...
Historical bond rate cycle patterns have been broken, casting doubt over expectations of a “vanilla market correction”, according to the CIO of a boutique fund manager....
Women are accumulating less than three quarters of the wealth of men at the point of retirement, according to research, with the disparity increasing with career seniorit...
Momentum Markets has acquired leading financial media platforms Money Management and Super Review....
Fund management house Magellan Financial Group has reported further significant outflows, after another $1.3bn was redeemed from its strategies in August....
The Reserve Bank of Australia (RBA) has lifted interest rates by 0.5 percentage points, taking the cash rate target up to 2.35%....
Scientific Beta has unveiled plans to expand into Australia and New Zealand with new offices and local hires....
Some 25% of financial advisers think they will be leaving the industry during the coming five years, research by Investment Trends finds....
Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...
ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...