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Russell Investments appoints APAC head

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Russell Investments has appointed a new head of Asia-Pacific, six months after appointing Pete Gunning to the role.

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RI Advice flagged as cautionary cyber security tale

RI-Advice/cybersecurity/ASIC/Joe-Longo/cyber-attack/

ASIC has flagged the 2022 case of RI Advice as an example of the need for cyber security measures within a financial services firm as chair Joe Longo warns a cyber attack “is almost inevitable”.

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ASIC issues guidance for licensees on experience pathway

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ASIC has issued information for AFS licensees clarifying what they need to do if their adviser wishes to access the experience pathway.

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Schroders FI head on two bond opportunities in 2024

bonds/fixed-income/Schroders/Stuart-Dear/inflation/

Schroders head of fixed income for Australia, Stuart Dear, has identified two areas of the fixed income market that he believes are currently attractive to investors.

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Pengana surpasses $100m with global private credit IPO

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Pengana Capital Group has exceeded the minimum subscription on its Pengana Global Private Credit Trust IPO, two days after launching.

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FSC calls for ‘less subjective’ sophisticated investor test

FSC/wholesale-investing/advocacy/

The Financial Services Council is proposing to make the sophisticated investor test less subjective as currently wholesale fund managers are hesitant to apply it.

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CFS sources replacement managers after FSI investment team closures

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Following the closure of four investment teams last month by First Sentier Investors, Colonial First State has proposed multiple replacement managers for the CFSIL funds.

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Self-licensing brings practice management to forefront of advisers’ minds

self-licensing/financial-advice/financial-advisers/practice-management/

Insights from Ensombl has ranked practice management as the most frequently discussed topic among financial advisers as many move away from a licensee to set up their own businesses.

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ASIC cancels AFSL of Victorian asset manager

ASIC/asset-management/AFSL/

ASIC has cancelled the AFSL of a Victorian asset manager, seven months after an officer of the company was charged with money laundering offences in an AFP investigation.

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VBP launches business coaching solution for advisers

financial-advice/offshore/

Vital Business Partner has launched a new coaching solution to assist financial advisers and business owners looking to grow their practices and drive efficiencies.

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