AMP CEO sees incentives cut amid remuneration crackdown

amp/Alexis-George/remuneration/salary/

AMP has cut its executive remuneration following shareholder pushback which sees chief executive Alexis George’s maximum-possible remuneration reduced by almost $1 million.

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SA advice firm takes stake in risk specialist

life-insurance/financial-advice/South-Australia/M&A/

South Australian financial advice firm Calder Wealth Management has announced a strategic partnership with a risk advice firm.

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Pre-retirees’ financial confidence takes a hit: Challenger

pre-retirees/challenger/retirees/financial-security/

Australian pre-retirees are exhibiting heightened anxiety about their financial future and are seeking greater retirement certainty as a result, Challenger research has uncovered.

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MLC AM private equity head joins boutique manager

MLC-Asset-Management/real-estate/hires/appointments/

Boutique real estate credit manager COI Capital Management has appointed a former private equity head from MLC Asset Management.

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Professional network key as firms move beyond advice

financial-advice/broking/CoreData/

CoreData research has highlighted Australian financial advice practices are expanding beyond traditional financial advice and reinforcing the power of a professional network to build their service offering.

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ASIC suspends Melbourne advice firm’s AFSL

ASIC/AFSL/financial-advice/Melbourne/

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm.

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MA Financial boosts inflows, remains defensive amid market turmoil

Alternatives/real-estate/private-credit/

In its latest quarterly update, alternative asset manager MA Financial said it saw a 22 per cent increase in net inflows (ex institutional) to $444 million and is holding onto cash at historically high levels.

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First Sentier Investors joins Aussie ETF market

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First Sentier Investors is the latest investment manager to enter the ETF space, enabling financial advisers and investors to access an existing geared fund via an ETF structure.

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‘We moved the reform dial significantly’, says Jones

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Despite industry criticisms, Financial Services Minister Stephen Jones believes the Labor government has moved the financial advice reform dial forward “significantly” during his term.

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What is keeping financial services directors up at night?

Financial-Services/AICD/regulation/compliance/

The Australian Institute of Company Directors has shared which issues are keeping financial services directors up at night, and how they compare to the sentiment of directors more broadly.

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