TAA warns of ‘back to the future’ return to vertical integration

AIST/TAA/qoa/best-interest-duty/

| By Rhea Nath |

The Advisers Association believes Australia runs the risk of a “back to the future” scenario that served it poorly in the past unless guardrails are put in place on non-relevant providers giving “good advice”.

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AIST

TAA

qoa

best interest duty

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Director banned for promoting illegal early release of super

ASIC/Superannuation/early-release-of-superannuation/

| By Rhea Nath |

Superannuation

ASIC has banned Gold Coast-based director Darren Thomas Edden-Brown for eight years for promoting and helping consumers access their superannuation early to buy a home or pay personal debts.

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ASIC

Superannuation

early release of superannuation

AUTHOR

Rhea Nath

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Asset value appreciation underpins ETFs’ March growth

BetaShares/ETFs/fixed-income/australian-equities/

| By Jasmine Siljic |

Funds management

Despite dwindling investor confidence, the Australian ETF industry still reached a new all-time high of $142.6 billion in FUM.

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AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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Over $1.5bn lost to investment scams in 2022

ACCC/finfluencer/scams/

| By Rhea Nath |

Financial planning

The latest Targeting Scams report has revealed Australians lost over $1.5 billion in investment scams in 2022, with the number targeted for investment scams via social media rising by a third.

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ACCC

finfluencer

scams

AUTHOR

Rhea Nath

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Director jailed for $1.8m investment fraud

ASIC/fraud/

| By Laura Dew |

Financial planning

A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers.

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ASIC

fraud

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Lonsec CIO steps down

lonsec/research-houses/

| By Rhea Nath |

People & Products

Lukasz de Pourbaix, executive director of Lonsec Investment Solutions and chief investment officer, is set to depart the firm in mid-June.

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lonsec

research houses

AUTHOR

Rhea Nath

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Redefined team unveiled to drive financial services media powerhouse

| By Laura Dew |

People & Products

Australia’s foremost provider of financial services news, analysis and market intelligence, Momentum Media has today unveiled the team behind Australia's leading force in financial services industry media.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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What could the future look like for finfluencers?

finfluencers/ASIC/social-media/

| By Laura Dew |

Policy & Regulation

With finfluencer Tyson Scholz receiving a permanent injunction, a global regulatory report, co-chaired by ASIC, has shed light on what the future could look like for finfluencers and the firms who work with them.

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finfluencers

ASIC

social media

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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AIOFP welcomes ‘pragmatic’ view of Treasury to QAR

banks/quality-of-advice-review/AIOFP/

| By Laura Dew |

Financial planning

The Association of Independently Owned Financial Professionals has shared insights from its meetings with the Treasury regarding the Quality of Advice Review, where it strongly disagrees with Michelle Levy’s proposals.

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banks

quality of advice review

AIOFP

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Bank collapses fail to deter investors from banking shares

banking/selfwealth/investing/

| By Rhea Nath |

Funds management

Analysis of trading behaviour of the SelfWealth cohort found banking trades increased significantly in March, despite the crash of Silicon Valley Bank and Credit Suisse, with the majority buying rather than selling.

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banking

selfwealth

investing

AUTHOR

MARKET INSIGHTS

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

Stephen Jones to retire

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TAA warns of ‘back to the future’ return to vertical integration

AUTHOR

Rhea Nath

Rhea 's social profiles:

Director banned for promoting illegal early release of super

AUTHOR

Rhea Nath

Rhea 's social profiles:

Asset value appreciation underpins ETFs’ March growth

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

Over $1.5bn lost to investment scams in 2022

AUTHOR

Rhea Nath

Rhea 's social profiles:

Director jailed for $1.8m investment fraud

AUTHOR

Laura Dew

Laura 's social profiles:

Lonsec CIO steps down

AUTHOR

Rhea Nath

Rhea 's social profiles:

Redefined team unveiled to drive financial services media powerhouse

AUTHOR

Laura Dew

Laura 's social profiles:

What could the future look like for finfluencers?

AUTHOR

Laura Dew

Laura 's social profiles:

AIOFP welcomes ‘pragmatic’ view of Treasury to QAR

AUTHOR

Laura Dew

Laura 's social profiles:

Bank collapses fail to deter investors from banking shares

AUTHOR

Rhea Nath

Rhea 's social profiles:

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