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Finalists revealed for 35th Fund Manager of the Year Awards

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Five finalists will battle it out to win the coveted 2023 Fund Manager of the Year award at this year’s ceremony

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The time for Asian equities is now, says abrdn

abrdn/Asian-equities/China/

China’s reopening is leading the attractive path forward for Asian equities, but investors should remain selective, according to abrdn’s Asian equities investment director.

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VanEck slams ETF distortion ‘myths’ as active voices grow louder

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EXCLUSIVE: The major product provider has rejected “hysteria” surrounding passive strategies and argues that ETFs do not distort markets.

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AMP issued $24m penalty for billing deceased clients

AMP-Life/amp-financial-planning/ASIC/

AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advice.

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MLC Life fined $10m for misleading customers

ASIC/MLC-Life/

The Federal Court has ordered MLC Limited pay a $10 million penalty for misleading customers and failing to pay promised benefits.

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Vanguard bolsters retail team amid restucture

vanguard/financial-advice/Superannuation/

The investment manager has announced the creation of two new divisions and outlined a new structure bringing together its superannuation and non-superannuation businesses.

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Tax deductible advice ‘a step in the right direction’

FPA/tax-deductable-advice/ATO/

With an ATO review underway to make financial advice tax deductible, Tangelo Advice Consulting’s Conrad Travers has reiterated why this would be a positive step forward for the industry.

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Younger investors lean into buy-and-hold strategies

OpenMarkets/online-trading/ETFs/young-investors/

Despite market volatility, Gen Y and Z investors are resisting selling pressures and opting for buy-and-hold strategies to build wealth, according to new data.

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Insignia Financial expands executive team

insignia-financial/Superannuation/

Insignia Financial has announced the appointment of a new chief risk officer (CRO) and chief member offi

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Investors at risk of making ‘costly mistakes’ amid advice access constraints

Policy-&-Regulation/

Removing regulators burdens and improving access to financial advice could prevent investors from making poor financial decisions amid mounting market uncertainty, according to the direct CEO of a major asset manager.

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