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Aged care costs dominate older Aussies’ concerns

challenger/Aaron-Minney/retirement/aged-care/

With six in 10 Australians aged over 50 concerned about paying for aged care, new research has underscored financial advice as a way to mitigate these worries.

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Reportable situations relief extended for 5 years

ASIC/compliance/regulation/

ASIC will extend the relief and requirements regarding reportable situations regime for another five years until October 2029, following a public consultation.

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ASIC secures penalty for Vanguard over greenwashing claims

vanguard/ASIC/federal-court/greenwashing/

Vanguard has been issued with a penalty by the Federal Court for making false and misleading statements about its ethically conscious fund.

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Future advisers calling: The importance of entry-level experience

striver/professional-year/new-entrants/students/graduate/

A panel of commentators have emphasised working in a support or administrative role, such as in a call centre, need not be a step backwards and can provide valuable experience for future advice roles.

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FAAA says E&P delisting won’t prevent Dixon scrutiny

E&P-Financial-Group/phil-anderson/inquiry/CSLR/Senate-Economic-References-Committee/

The FAAA’s Phil Anderson has said the delisting of E&P Financial Group won’t stop the company coming under scrutiny in the public inquiry.

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Linchpin’s Daly loses appeal against $150k penalty

Linchpin/endeavour/federal-court/appeal/peter-daly/

A judge has dismissed an appeal by former Linchpin Capital Group director Peter Daly against a $150,000 penalty for breaching his duties as a officer.

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Magellan appoints co-manager for flagship fund

Magellan/hires/portfolio-manager/fund-management/global-equities/

Magellan Financial Group has appointed a new co-manager on two of its global equity funds, including the flagship $8.3 billion Global Fund.

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Boutique investment manager launches in Aussie market

investment-management/launch/equities/

TWC Investment Management has commenced operations, initially offering three funds to wholesale investors and is led by a former Credit Suisse managing director.

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The $14bn cost saving from index ETFs

ETFs/vanguard/

The cost savings of advisers opting for ETFs and index funds for their clients have been calculated by Vanguard, with estimates that Australian investors have collectively saved $14.4 billion since the options first launched in Australia.

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RBA makes latest rate call

RBA/interest-rates/bonds/fixed-income/monetary-policy/

The Reserve Bank of Australia has made its latest rate call, with only two more meetings left for 2024.

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