The Australian Financial Complaints Authority received over 1,700 complaints last year related to the collapse of Dixon Advisory, representing three-quarters of total investment and advice complaints.
Aviva Investors has appointed Nick Molho in a newly-created role of head of climate policy.
Fund managers can no longer shy away from the distribution challenge, according to Calastone, and should develop a way to target consumers without the need for an adviser.
Almost two-thirds of Australian ultra high-net worth individuals are expecting their wealth to rise this year despite rising inflation and interest rates, significantly higher than the global average.
ASIC has banned a Queensland adviser for three years for adopting a ‘layered advice’ strategy with clients.
The Australian ETF industry’s FUM increased by $1.3 billion in February with investors opting for ETFs focused on domestic equities.
ESG investing will swing from a “nice to have” to a must-have this year as the Government pursues a regulatory approach, the association said.
The portfolios would give advisers access to highly-rated managed funds and ETFs across a suite of six risk profiles.
A financial services lawyer has raised questions about the managed investment scheme review focusing so heavily on the real estate asset class.
The ethical investment manager has welcomed a chief investment officer, a deputy chief investment officer, and head of impact and ethics.
