Former RBA governor passes away

RBA/central-banks/Jim-Chalmers/Reserve-Bank-of-Australia/

Former RBA governor Robert Johnston, who held the post for seven years, has died.

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Maple-Brown Abbott launches GEM fund

MSCI/emerging-markets/Maple-Brown-Abbott/Sophia-Rahmani/

Maple-Brown Abbott has expanded its fund range with the launch of a global emerging market equity fund.

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Lonsec expands offering with IPL managed accounts

Lonsec-Research/lonsec/managed-accounts/

Lonsec has integrated its Lonsec Investment Solutions business with Implemented Portfolios Limited’s managed account solutions to offer a broader suite of investment options.

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China’s economic ‘reset’ to define 2023

China/emerging-markets/global-economy/asia-ex-japan/

Whilst Western nations mitigate inflationary pressures, China’s economic recovery will underpin Asia ex-Japan growth, says fund manager Jonathan Wu.

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UBS to acquire Credit Suisse amid banking emergency

UBS/credit-suisse/banking/mergers-and-acquisitions/

Credit Suisse is set to be acquired by its local competitor amid ongoing fears over the bank's viability.

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How to reduce the risk of an AFCA ruling

AFCA/complaints/Australian-Financial-Complaints-Authority/financial-advice/

The complaints authority has shared a way that an advice firm can improve their chances of a case being ruled in their favour or of paying a significantly lower compensation figure.

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Morgan Stanley Wealth Management to create bespoke OpenAI model

chatgpt/Morgan-Stanley/artificial-intelligence/

Global wealth manager Morgan Stanley Wealth Management has announced a partnership with ChatGPT creator OpenAI to create a bespoke model for its advisers.

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Jones urges passing of CSLR bill this month

Stephen-Jones/CSLR/financial-accountability-regime/

Stephen Jones has called on the Government to pass the Compensation Scheme of Last Resort bill this month, stating consumers have “waited long enough” for redress.

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Investment platform launches finance app for parents

investment-platform/financial-literacy/ETFs/

Investment platform Pearler has announced an investment app for parents to invest on behalf of their children, aiming to build financial literacy.

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AMP confirms Dexus exit and review plans

amp/Dexus/

AMP will begin a comprehensive review of its business as it confirms a sale date for AMP Capital’s real estate and domestic infrastructure equity business after delays.

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