With two active wars and a busy global electoral cycle looking to shape the global economy in the next 12 months, Lazard has warned of a “bumpy ride” ahead.

Industry commentators have shared their thoughts on when the RBA will hike interest rates next, and whether Australia will follow other countries and embark on monetary easing this year.

AFCA’s chief ombudsman David Locke has stated the magnitude of complaints received by the body is growing at an “unsustainable rate” and urged companies to improve their internal resolution processes.

The estimated sum for the initial Compensation Scheme of Last Resort levy has been calculated, with the regime expected to start receiving claims in April.

A former BT executive is set to head up the association’s marketing and communications team towards raising awareness around financial advice and the CFP designation.

Investors are entering 2024 with high weightings to cash but allocations are starting to fall in favour of equities as the RBA opts to hold rates.

In its latest update, the global investment boutique has reported quarterly net inflows of US$1.8 billion, driving its funds under management as at the end of 2023 to record highs.

With Insignia shares up 32 per cent in the past month and the firm enacting a five-year growth plan, Morningstar believes the two recent acquisition bids from private equity firms demonstrate the company is undervalued.

Magellan has shared its average funds under management for the second half of 2023 as it reports a second month of rising assets thanks to improved institutional flows.