Unadvised Australians held back by cost and trust

Generation-Life/trust/financial-advice/costs/

Advised Australians are twice as likely to be happy with their financial situations than unadvised consumers, according to Generation Life, but cost and trust are holding unadvised ones back.

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Are fund managers abandoning sustainability?

ESG/JPMAM/Schroders/Zenith/blackrock/sustainable-investing/

As ESG and sustainable funds continue to suffer outflows and the regulator cracks down on greenwashing, there has been a notable downturn in the number of launches and staff hires in this area.

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HUB24 reports ‘strong start’ to FY25 inflows

HUB24/platforms/FUA/financial-results/

HUB24 has seen a 44 per cent rise in quarterly platform net inflows during the first three months of FY25, while adviser numbers rose 17 per cent.

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GSFM welcomes new retail business head

GSFM/munro/hires/

The fund manager has appointed a new head to lead its retail business, replacing Stephen Fletcher who has moved into a newly created role at Munro Partners.

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Zenith appoints group head of research

Zenith-Investment-partners/Zenith/lonsec/morningstar/

Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.

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Is ASIC in a ‘cold war’ against self-licensing?

ASIC/self-licensed/self-licensing/financial-advisers/

With a quarter of AFSLs being held by single authorised representatives, is the rise of self-licensing and market fragmentation making it harder for ASIC to monitor the steadily growing number of licensees?

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Finalists revealed for ifa Excellence Awards 2024

IFA/awards/financial-advisers/

Over 300 finalists will compete for awards as ifa celebrates success at the ifa Excellence Awards, to be held on Thursday, 5 December.

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AMP restructures 4 departments amid cost simplification program

amp/AFSL/restructure/fsu/unions/Finance-Sector-Union/

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program.

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Blackwattle to launch Women in Finance Mentorship Program

fund-management/future-im/pact/gender-diversity/

Blackwattle Investment Partners has revealed it will be launching a mentorship program to empower experienced female professionals into the funds management industry.

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Pengana unveils private credit SMA fund on AMP North

Pengana/Pengana-Capital-Group/private-credit/managed-accounts/

Pengana Capital Group has announced the launch of a diversified global private credit separately managed account fund, with initial platform access on AMP’s North platform.

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