Former Future Fund chief technology officer joins Praemium

praemium/Future-Fund/

The investment platform has appointed Richard Large as chief technology officer, a former CTO at Australia’s $250 billion sovereign wealth fund.

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Where does relevant provider registration with ASIC now stand?

ASIC/Wealth-Data/financial-adviser-register/

ASIC’s senior executive leader, Leah Sciacca, has provided an update on the status of financial adviser registration with the regulator since it was delayed in November 2022.

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Invest Blue invests $2m in Lumiant’s digital platform

Invest-Blue/Lumiant/digital-technology/

The national financial advice firm has announced a strategic partnership with Lumiant to build a cloud-based platform that would boost advice clients’ engagement and satisfaction.

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How the US Federal Reserve killed regional banks

vaughan-nelson/US-banks/VanEck/

An aggressive hiking cycle, an inverted yield curve and maturing government bonds have created a major banking disaster.

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How is RIAA engaging with financial advisers?

RIAA/ESG/responsible-investment/

In conversation with Money Management, RIAA’s chief executive, Simon O’Connor, has shared how the organisation is creating initiatives to engage and help the advice community.

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JPMAM’s Craig pushes back on Fed rate cut

JPMorgan/interest-rates/US-banks/

There are unlikely to be rate cuts by central banks this year, according to JPMAM’s Kerry Craig, but investors need to prepare their portfolios for a 2024 rate reversal.

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US regulators move to impose new levy on big banks

US-banks/bank-levy/JPMorgan/

A new levy on large US banks has been proposed by regulators, set to deliver a two-year blow to earnings.

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ClearBridge forecasts 75% likelihood of Q3 US recession

clearbridge/recession/

The fund management firm’s proprietary risk dashboard has predicted a 75 per cent probability of a recession in the US.

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Jones condemns ‘unacceptable’ AustralianSuper breach

Minister for financial services, Stephen Jones, has reacted to the news of AustralianSuper’s refund for tens of thousands of members, stating the breach is “unacceptable”.

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Property growth is dead for the next decade: Milford

milford/Milford-Asset-Management/housing/Relative-Return/

A leading fund manager says the structural deflation that made Australians real estate millionaires is over and investors should get ready for a decade of little to no capital growth in housing.

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