News

CSLR spend set to fall below FY25 estimate

Spending by the Compensation Scheme of Last Resort in FY25 is expected to be less than the $24 million it had previously estimated, the body has announced....

Funds management

Challenger confirms double board appointment

The financial services company has welcomed two independent non-executive directors to its board, while also announcing the upcoming departure of another board member....

Financial planning

‘Building an airplane in the sky’: How platforms are keeping up with AI

The rise of artificial intelligence (AI) is a “massive enabler” for Australia’s investment platforms, says HUB24 and Netwealth, as they seek to lead this technological di...

Editorial

Relative Return: What it means to be a contrarian investor

In this episode of Relative Return, host Laura Dew chats with Zahid Kassam, portfolio manager at MFS Investment Management, to unpack the intricacies of contrarian invest...

Financial planning

SIAA ‘fundamentally opposes’ ASIC’s naming and shaming IDR approach

The industry body has expressed its strong opposition towards ASIC’s plans of publishing reportable situations data, describing it as a “completely inappropriate use of d...

Financial planning

FAAA and accounting bodies release guidance for tax deductibility of advice fees

In conjunction with the accounting associations, the FAAA has released a comprehensive guide breaking down what advisers need to know about tax deductibility of advice fe...

Financial planning

Access to advice deemed urgent as cost-of-living crisis persists

Higher cost-of-living challenges are placing significant strains on Australians’ mental and financial wellbeing, according to CFS, while access to crucial guidance remain...

Funds management

Pendal to terminate Asian fund due to ‘small size’

Pendal is set to shutter its Asian Share Fund in August as it has “little prospect” of significant growth in funds under management....

Funds management

Australia playing catch up in alts investment market

Australia’s alternative investment market is set to enjoy further evolution and growth thanks to innovation overseas, predicts BlackRock and Franklin Templeton....

Financial planning

Aussie advisers garner higher client loyalty than global peers

An EY report has revealed Australians are more loyal to their advisers than the global average, highlighting relationship-building opportunities amid market changes....

Funds management

How this hedge fund start-up is reinventing stockpicking through AI

Hedge fund manager Minotaur Capital is taking an AI-led approach to sourcing investment opportunities, comparing the adoption of AI to that of Microsoft Excel in the 1990...