Australia’s sovereign wealth fund has exceeded its long-term investment return target for 2023 despite inflationary pressures as it reaches a record value of $211.9 billion.
ASIC has cancelled the AFSL of a Sydney-based financial advice firm, its first licence cancellation of the new year.
Hyper-personalisation is among changes that wealth managers could be offering in 2024 as they embrace technology to benefit their clients.
With more than one in three consumers unable to identify a single benefit of financial advice, the industry has been urged to better articulate the positive impact of seeking advice and for advised Australians to act as advocates.
BlackRock has highlighted five “mega forces“ impacting investment markets that will change long-term global growth.
Diverger shareholders have approved its merger with Count in a vote today, culminating the “dual growth strategy” pursued by the licensee.
It may be licensees’ responsibility to report internal dispute resolution regime data to ASIC next month, but they are reminding their advisers of the importance of keeping accurate records.
A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes an independent body is needed.
ME Bank has been ordered to pay $820,000 by the Federal Court for pleading guilty to criminal charges of making false and misleading representations, and failing to provide written notices regarding home loans.
A Queensland company falsely representing that it managed $6.9 billion for investors and was affiliated with the Financial Services Council has been penalised for false and misleading statements.
