Superannuation funds have bounced back after three months of losses, with November seeing strong returns into the holiday period.
Two of Australia’s largest licensees believe the removal of the safe harbour steps will have the greatest impact on advisers, but believe a new name is needed for the proposed “qualified advisers”.
With the growth in micro-AFSLs and self-licensing, Lifespan chief executive Eugene Ardino is looking to double the number of AFSLs it services through its Lifespan Partnership.
Natixis Investment Managers has revealed the biggest economic threats to Australian institutional investors next year, with 45 per cent describing recession as “inevitable” in 2024.
Dexus has promoted its chief investment officer to become its next CEO, following the expected departure of Darren Steinberg in March 2024.
Platinum Asset Management has confirmed the new successor for co-founder Andrew Clifford to work as chief executive and managing director.
The Federal Court has penalised ANZ over its breach of continuous disclosure obligations and has warned other institutions could face a penalty as high as $780 million if the activity occurs nowadays.
Doubt has been cast on whether Minister for Financial Services, Stephen Jones, will be able to progress the Delivering Better Financial Outcomes reforms within a year.
APRA has imposed additional licence restrictions on NGS Super, which suffered a cyber attack earlier this year.
Research from Adviser Ratings reveals investors are increasingly prioritising long-term financial stability over ESG investment as the cost of living bites, a contrast to previous research.
