‘We haven’t chosen to go fast’: Berry provides CSLR update

CSLR/AFCA/financial-advice/complaints/

| By Jasmine Siljic |

The Compensation Scheme of Last Resort’s CEO David Berry has confirmed the number of complaints the organisation is actively working on, with $3.3 million being paid to victims so far.

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CSLR

AFCA

financial advice

complaints

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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‘Do or die’ for ASIC says Governance Institute

Governance/ASIC/andrew-bragg/enforcement/

| By Laura Dew |

Policy & Regulation

The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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‘Alert not alarm’: Lonsec warns on timing the market

market-volatility/lonsec/sell-off/international-equities/australian-equities/

| By Laura Dew |

Funds management

Lonsec chief investment officer, Nathan Lim, has reminded advisers and clients that attempting to time the market to combat volatility this week could be costly to portfolios.

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market volatility

lonsec

sell-off

international equities

australian equities

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Magellan Global Fund conversion sparks redemptions

Magellan/FUM/funds-management/Andrew-Formica/

| By Laura Dew |

Funds management

Magellan Financial Group has reported its highest funds under management in almost a year, but specialist investors made redemptions following changes to its global fund.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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RBA hands down August rate decision

RBA/central-banks/interest-rates/

| By Rhea Nath |

Financial planning

The central bank has announced its latest rate decision amid signs of improving inflation in Australia and rumbles of slowing global growth.

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RBA

central banks

interest rates

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Global X ETFs Australia CEO to depart

ETFs/Evan-metcalf/Global-X-ETFs/ceo/

| By Rhea Nath |

Funds management

Global X ETFs has announced the CEO of its Australian business, Evan Metcalf, will depart the firm after a decade.

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AUTHOR

Rhea Nath

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An evolving advice landscape by 2050

FSC/financial-advice/consumers/

| By Laura Dew |

Financial planning

Research has forecast how financial advice landscape demographics could look in 2050, including how many more Australian consumers will need complex advice.

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FSC

financial advice

consumers

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Choosing the right successor for your advice practice

succession-plans/financial-advice/business/practice-management/

| By Jasmine Siljic |

Financial planning

Money Management explores the pros and cons of appointing a younger staff member as your successor, and why financial advisers shouldn’t underestimate their skills.

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AUTHOR

Jasmine Siljic

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Former Escala Partners co-founders join LGT Crestone

lgt-crestone/wealth-management/hires/appointments/

| By Laura Dew |

Financial planning

LGT Crestone has made two senior hires to its Melbourne office to boost growth in its high-net-worth and family office services, making 10 appointments from Escala Partners.

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AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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FSC calls for regulation shake-up

financial-services-council/FSC/Superannuation/financial-advice/Blake-Briggs/

| By Laura Dew |

Financial planning

The Financial Services Council has recommended changes to regulatory design as millions more consumers are expected to need advice in the coming years.

Read more about:

financial services council

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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