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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E&P Financial Group seeks ASX de-listing

E&P-Financial-Group/Dixon-Advisory/

E&P Financial Group, former parent of Dixon Advisory, has formally requested to delist from the ASX, with the company noting the negative impact of regulatory proceedings on its share price.

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Are licensees overpromising and underdelivering to advisers?

AFSL/licensees/financial-advice/self-licensing/

Commentators have discussed how value for money is becoming more critical than ever as licensee fees rise and failure by an AFSL to provide this is driving them to self-licensing.

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Escalating business costs emerge as top adviser concern

CoreData/Andrew-Inwood/financial-advisers/practice-management/

The rising costs of operating a financial advice practice has been ranked as the number one challenge for advisers today, outpacing administrative and compliance burdens.

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Advisers given 5 weeks to submit to Dixon inquiry

financial-advice/financial-advisers/Dixon/Dixon-Advisory/Senate-Economics-Committee/

The final terms of reference for the Dixon Advisory inquiry have been released by the Senate economics references committee, and advisers have just over five weeks to make their submissions.

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Finalists unveiled for Women in Finance Awards 2024

women-in-financial-services/financial-advice/women-in-finance/

Financial advisers are in the running to win one of the coveted Women in Finance Awards 2024.

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