AMP is selling its SuperConcepts self-managed superannuation fund admin and software business with 500 employees to transfer out of AMP.
Intelliflo chief executive, Nick Eatock, has discussed the firm’s official launch into the Australian market and why his experience in the UK means he is hopeful adviser numbers will bounce back.
EXCLUSIVE As clients increasingly seek sustainability-related products and funds, advisers who recommend them could eventually fall under the greenwashing purview of regulators, industry experts suggest.
A former chief executive of the Financial Services Council has been named as the next chair of Ignition Advice, succeeding Peter Meurer.
The Reserve Bank of Australia defied hold expectations in June, surprising market participants by raising the interest rate further to 4.1 per cent in its continued battle against inflation.
Advisory firms are the only part of the investment value chain to escape fee pressure over the last five years in the face of shrinking margins and rising costs, according to a global report by FNZ and Boston Consulting Group.
The RBA has made its latest interest rate call for June with the bank warning further rate hikes are still to come.
A Brisbane financial adviser has been banned by ASIC after recommending his clients roll their superannuation into SMSFs and borrow to invest in residential property.
Magellan Financial Group has seen flat net institutional flows for the first time in a year while Australian equities outflows have moderated after significant outflows in the past two months.
ASIC has suspended the AFS licence of a managed investment schemes and general advice provider after it failed to lodge financial statements and audit reports for the financial years 2019-2022.
