Magellan executive chair Andrew Formica has highlighted the skills the firm will be looking for in its recruitment of a new CEO to replace David George, as he scraps its $100 billion AUM target.
RBA governor Michele Bullock has made her second monetary policy decision for the monthly cash rate on Melbourne Cup Day, while Treasurer Jim Chalmers offers an update on the RBA review and appointment of a deputy governor.
An emerging debate has looked at whether self-licensed firms should be differentiated by virtue of their scale compared to institutional licensees and dealer groups when they carry the same regulatory obligations.
A “priority hotline” between professional associations and ASIC, as suggested by the Financial Advice Association of Australia, would damage the regulator’s independence, according to former ASIC chair Tony D’Aloisio.
The Australian Financial Complaints Authority has opened a consultation into how it determines compensation for complaints involving financial advisers.
As three directors face multiple criminal charges for their involvement in Sterling Income Trust, four years after it collapsed, Money Management reflects on Sterling’s troubled past.
The corporate regulator has commenced its first proceedings on internal dispute resolution requirements as it takes TelstraSuper to the Federal Court.
Three directors connected to the collapse of managed investment scheme Sterling Income Trust have been charged with multiple criminal charges, four years after its collapse.
Count’s acquisition of Diverger is expected to complete by the end of February 2024, CEO Hugh Humphrey has told Money Management, despite a last-minute rival bid from COG Financial Services.
The number of advisers who have left the industry since the start of the year has reached triple figures, with 11 advisers leaving this week.
