ASIC obtains interim orders against managed fund

ASIC/federal-court/managed-funds/

ASIC has obtained interim orders from the Federal Court to freeze the assets of a registered managed fund and prevent its former director from leaving Australia.

AUTHOR

Bullish asset allocators retreat from bonds

Bank-of-America/fund-managers/bonds/fixed-income/

The latest Bank of America Global Fund Manager Survey has found investors are the most bullish they have been since November 2021, pivoting away from bonds and into equities.

AUTHOR

The 4 Rs of cyber security

cybercrime/cyber-security/law/data-breaches/compliance/

As AFSLs cite cyber security as their biggest compliance fear, a law firm has shared four steps that listed businesses need to take if they suffer a breach.

AUTHOR

The characteristics of top-performing advice practices

advice-firms/financial-advisers/practice-management/elixir-consulting/Virtual-Business-Partners/

There are six critical factors that high-performing financial advice businesses have in common, new data from VBP-backed Elixir Consulting highlights.

AUTHOR

Otivo launches SOA audit tool

quality-of-advice-review/SOAs/financial-advice/fintech/otivo/

Financial advice platform Otivo has launched a compliance tool for financial advisers to publish and audit their statements of advice.

AUTHOR

Lazard AM unveils first Australian ETF

Lazard/ETFs/infrastructure/

Lazard Asset Management has launched its first ETF in Australia, transforming its global listed infrastructure fund into an ETF structure.

AUTHOR

RBA announces latest rate decision

RBA/interest-rates/central-banks/

The central bank has announced its latest rate decision amid sticky inflation and ongoing geopolitical tension, including uncertainty in the eurozone.

AUTHOR

TAL’s Clark to depart group CEO role

TAL/insurance/life-insurance/

TAL group chief executive Brett Clark is to step down from the role after almost a decade with a new replacement appointed.

AUTHOR

What are the greatest compliance risks for AFSLs?

ASIC/compliance/licensees/AFSL/Holley-Nethercote/

From cyber security threats to external reviews, financial services law firm Holley Nethercote has uncovered the most notable compliance concerns for AFSLs.

AUTHOR

CFS approves first FSI replacement manager

First-Sentier-Investors/Pinnacle/CFS/colonial-first-state/

Colonial First State has confirmed the first alternative manager for its funds, following the closure of four First Sentier Investors teams.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months 2 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

4 weeks 1 day ago

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”....

3 weeks 6 days ago

A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rule...

2 weeks 5 days ago