MLC managed accounts strategies hit $1bn FUM mark

managed-accounts/managed-investments/MLC-Asset-Management/

Less than three years since it was launched, MLC Asset Management’s managed account strategies have surpassed $1 billion in funds under management.

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Insignia adviser numbers thin amid model revamp

insignia-financial/renato-mota/Shadforth/bridges/

Insignia has announced it has changed the naming conventions used to describe its adviser channels, now divided into professional services, self-employed, and self-licensed.

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How an adviser gambled $3.4m of his clients’ cash

Gavin-Fineff/fraud/gambling/

Financial planner, Gavin Fineff, used his position as a trusted adviser to swindle a dozen victims and feed an insatiable gambling addiction that ultimately landed him in prison last week.

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AIA Australia introduces incentives for healthy behaviours

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AIA Australia has taken the next step in its pursuit of healthier, longer, better lives for all Australians, wit

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Treasurer confirms inflation peak

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The Treasurer has confirmed inflation has “passed its peak”, as data shows CPI inflation fell in the 12 months to the March quarter.

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Regulation and risk collide: Managing information as an AFSL

law/legal/Holley-Nethercote/cyber-security/

With the recent spate of data breaches now extending to the financial services industry, AFSLs are racing to ensure that their information management procedures are up to scratch, writes Samantha Hills.

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Court orders liquidation of Ascent Investment and Coaching

ASIC/federal-court/Ascent-Investment-and-Coaching/

The Federal Court has ordered Michael Dunjey’s Ascent Investment and Coaching Pty Ltd and its unregistered managed investment scheme, which owe $149 million to clients, be wound up.

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TAL Risk Academy announces new ethics training module

ethics/TAL/CPD/

TAL will deliver a learning program focused on the Code of Ethics that will count towards advisers’ CPD requirements, as part of its ‘Ethics Month’.

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BetaShares strengthens adviser services team

BetaShares/hires/

Two senior executives have been appointed to lead BetaShares’ distribution and client service efforts across Western Australia, Tasmania, South Australia, and Victoria.

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What was the March quarter inflation?

inflation/ABS/

The Australian Bureau of Statistics has revealed the latest CPI inflation figure for the March quarter of 2023 and whether it has fallen from last quarter’s 30-year high.

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