RBA leaves rates unchanged

RBA/interest-rates/inflation/State-Street/Insight-Investments/

The Reserve Bank of Australia has held rates at 4.1 per cent as the committee wants to allow time to assess the impact of previous interest rates rises.

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A troubled history of DASS

dass/Dixon-Advisory/E&P-Financial-Group/CSLR/Parliament/

As E&P appoints a new chief executive and the government brings in the CSLR that should help affected consumers, Money Management has collated a timeline of events at the troubled Dixon Advisory and Superannuation Services.

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Over 8,700 FAAA membership renewals so far

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The Financial Advice Association Australia has recorded over 8,700 membership renewals, including over 80 per cent of eligible practitioner members.

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Former RC case study receives penalty for unconscionable conduct

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The Federal Court has imposed a combined $13.5 million penalty on Select AFSL, BlueInc Services, and Insurance Marketing Services for engaging in unconscionable conduct.

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Franklin Templeton crowned this year’s Fund Manager of the Year

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Managing director, Felicity Walsh, reflects on the win, sharing what she feels sets Franklin Templeton apart and how the firm is partnering closely with clients to capitalise on market opportunities.

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Diverger explores innovative ways to increase scale

Diverger-Limited/Nathan-Jacobsen/Centrepoint/licensees/

EXCLUSIVE Easing regulation has made it easier to be a licensee, but Diverger is still in talks to see how it can grow its scale, according to chief executive Nathan Jacobsen.

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AMP completes SuperConcepts sale

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AMP has completed its sale of SuperConcepts to private equity firm Pemba Capital Partners.

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IAL receives largest-ever insurance penalty for consumer protection breaches

ASIC/insurance/

Insurance Australia Ltd has been penalised $40 million by the Federal Court in the largest-ever penalty imposed against an insurer for breaches of consumer protection law.

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Super changes kick in for FY2023–24

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As the new financial year kicks off, financial advisers will need to ensure their clients – especially those approaching retirement – are in the right place for their superannuation as multiple changes take effect.

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AUSTRAC completes Bell Financial audit

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AUSTRAC has concluded its external audit of Bell Financial Group after more than a year and has released its verdict.

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