TAA warns of ‘back to the future’ return to vertical integration

AIST TAA qoa best interest duty

The Advisers Association believes Australia runs the risk of a “back to the future” scenario that served it poorly in the past unless guardrails are put in place on non-relevant providers giving “good advice”.

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Director banned for promoting illegal early release of super

ASIC Superannuation early release of superannuation

ASIC has banned Gold Coast-based director Darren Thomas Edden-Brown for eight years for promoting and helping consumers access their superannuation early to buy a home or pay personal debts.

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Asset value appreciation underpins ETFs’ March growth

BetaShares ETFs fixed income australian equities

Despite dwindling investor confidence, the Australian ETF industry still reached a new all-time high of $142.6 billion in FUM.

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Over $1.5bn lost to investment scams in 2022

ACCC finfluencer scams Scamwatch

The latest Targeting Scams report has revealed Australians lost over $1.5 billion in investment scams in 2022, with the number targeted for investment scams via social media rising by a third.

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Director jailed for $1.8m investment fraud

ASIC fraud

A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers.

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Lonsec CIO steps down

lonsec research houses

Lukasz de Pourbaix, executive director of Lonsec Investment Solutions and chief investment officer, is set to depart the firm in mid-June.

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Redefined team unveiled to drive financial services media powerhouse

Australia’s foremost provider of financial services news, analysis and market intelligence, Momentum Media has today unveiled the team behind Australia's leading force in financial services industry media.

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What could the future look like for finfluencers?

finfluencers ASIC social media

With finfluencer Tyson Scholz receiving a permanent injunction, a global regulatory report, co-chaired by ASIC, has shed light on what the future could look like for finfluencers and the firms who work with them.

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AIOFP welcomes ‘pragmatic’ view of Treasury to QAR

banks quality of advice review AIOFP

The Association of Independently Owned Financial Professionals has shared insights from its meetings with the Treasury regarding the Quality of Advice Review, where it strongly disagrees with Michelle Levy’s proposals.

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Bank collapses fail to deter investors from banking shares

banking selfwealth investing

Analysis of trading behaviour of the SelfWealth cohort found banking trades increased significantly in March, despite the crash of Silicon Valley Bank and Credit Suisse, with the majority buying rather than selling.

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