The FSC and SIAA have recommended against major changes to the income or product values for the sophisticated investor test, despite a spike in eligible investors, as they believe the limits are already sufficiently high.
BlackRock has acquired Global Infrastructure Partners in an $18.6 billion deal while a series of people moves has seen head of Australasia, Andrew Landman, promoted to deputy head of Asia Pacific.
Multiple asset managers including Fidelity and VanEck will now be able to list and trade their spot bitcoin ETFs following the approval of the vehicle by the US Securities and Exchange Commission.
Ushering in a new chapter of growth, the Australian investment platform has announced a key internal appointment as its founder Matt Leibowitz transitions to the role of executive director.
A proposal for ASIC criminal trials to be introduced to the Federal Court has received backlash from the Law Council of Australia, which argues the judges lack sufficient expertise for these types of trials.
The US Securities and Exchange Commission may have approved Bitcoin ETFs, but financial advisers in Australia will still face restrictions on advising on them.
The Treasury has opened a consultation on the final policy design of corporate climate-related financial disclosure requirements, outlining what companies and super funds will need to do.
The FAAA expects to see a reduced fee to sit the financial adviser exam once the proposed changes are implemented, with the current cost sitting steep at $1,500 per attempt.
With a raft of Treasury consultations announced last year, Money Management examines their progress through Parliament and which could pass this year.
The FAAA has called for APRA to update the sole purpose test to reflect changes under the Quality of Advice Review for super funds to provide advice.
