Fund managers around the world are facing a major shake-out, according to one of the world’s biggest financial services groups, Frank Russell....
Professional Investment Services (PIS) has taken the plunge into retail stock broking through a deal signed with online broker E*Trade....
Financial services groups with global scale and reach will be the big industry winners in coming years, according to AXA Australia chief executive Les Owen....
Assirt has slapped a hold notice on Paladin property trusts following the decision by Norwich and Paladin minority shareholders to offload the group to Deutsche Asset Man...
The Reserve Bank of Australia (RBA) today acted to head off inflationary pressures in the econ-omy, lifting the cash rate to 6.25 per cent from 6.0 per cent....
Steve Helmich has been named as head of distribution in the wake of the departure of Neil Swindells who resigned from AMP to go to AXA a fortnight ago....
Former GIO Asset Management chief executive Mark Dutton has been named chief investment officer of ipac securities....
Poor performance by AMP’s older style funds have dragged down the fund man-ager’s Morningstar overall rating to three stars....
Rod Atfield is to bring down the curtain on his 40 year career with Mercantile Mutual at the end of this year....
Tower Trust is to remain based in Adelaide, following the acquisition of IOOF’s trust business yesterday....
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 cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...
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. ...
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...