Finalists revealed for 35th Fund Manager of the Year Awards

Fund-Manager-of-the-Year/fund-management/

Five finalists will battle it out to win the coveted 2023 Fund Manager of the Year award at this year’s ceremony

AUTHOR

The time for Asian equities is now, says abrdn

abrdn/Asian-equities/China/

China’s reopening is leading the attractive path forward for Asian equities, but investors should remain selective, according to abrdn’s Asian equities investment director.

AUTHOR

VanEck slams ETF distortion ‘myths’ as active voices grow louder

ETFs/VanEck/active-investment/

EXCLUSIVE: The major product provider has rejected “hysteria” surrounding passive strategies and argues that ETFs do not distort markets.

AUTHOR

AMP issued $24m penalty for billing deceased clients

AMP-Life/amp-financial-planning/ASIC/

AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advice.

AUTHOR

MLC Life fined $10m for misleading customers

ASIC/MLC-Life/

The Federal Court has ordered MLC Limited pay a $10 million penalty for misleading customers and failing to pay promised benefits.

AUTHOR

Vanguard bolsters retail team amid restucture

vanguard/financial-advice/Superannuation/

The investment manager has announced the creation of two new divisions and outlined a new structure bringing together its superannuation and non-superannuation businesses.

AUTHOR

Tax deductible advice ‘a step in the right direction’

FPA/tax-deductable-advice/ATO/

With an ATO review underway to make financial advice tax deductible, Tangelo Advice Consulting’s Conrad Travers has reiterated why this would be a positive step forward for the industry.

AUTHOR

Younger investors lean into buy-and-hold strategies

OpenMarkets/online-trading/ETFs/young-investors/

Despite market volatility, Gen Y and Z investors are resisting selling pressures and opting for buy-and-hold strategies to build wealth, according to new data.

AUTHOR

Insignia Financial expands executive team

insignia-financial/Superannuation/

Insignia Financial has announced the appointment of a new chief risk officer (CRO) and chief member offi

AUTHOR

Investors at risk of making ‘costly mistakes’ amid advice access constraints

Policy-&-Regulation/

Removing regulators burdens and improving access to financial advice could prevent investors from making poor financial decisions amid mounting market uncertainty, according to the direct CEO of a major asset manager.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago