The Australian Securities and Investments Commission has taken action to wind up illegal investment scheme MyWealth Manager....

IOOF has confirmed the final settlement of a class action brought against it related to a failed prosecution by the Australian Prudential Regulation Authority with no cos...

UBS has reduced its expectations for a potential fiscal cliff from $100 billion to $80 billion as a result of recently-announced expanded Government stimulus....

Fund managers should be thinking about the market recovery in three phases: the virus phase, the recession phase and the recovery phase, according to a Fidelity portfolio...

Both the Financial Planning Association and the Association of Financial Advisers have signalled to the Australian Securities and Investments Commission that the future o...

The Government and regulators should be prepared to consider a limited advice regime covering direct life sales, according to members of a Financial Services Council pane...

Financial planners have filed a class action against AMP Limited over its Buyer of Last Resort changes. ...

Bank dividends could be cut after the Australian Prudential Regulation Authority told them to ‘maintain caution’ over 2020 dividend payments with the payout ratio maintai...

The big four bank will bring back jobs to improve its operations and customer support in response to demand from the COVID-19 pandemic....

David Horton was found to have given clients’ inappropriate advice to double gear their investments and did not consider their cashflow position or ability to cover margi...

First Sentier Investors has added two separately managed account portfolios to the HUB24 IDPS and HUB24 Super menu suite. ...

Janus Henderson has launched an active fixed income exchange-traded fund on the Chi-X exchange in response to a growing demand for defensive solutions. ...

360 Capital Group has offered to increase special payment to Australian Enhanced Income Fund unitholders, in a bid to remove its current responsible entity. ...

Investors are still piling into gold as market volatility continues due to the COVID-19 pandemic but one asset manager says it is the riskiest asset class over the long-t...

ETF Securities has announced that its gold ETF saw assets double in less than a year as prices hit new records....

AMP Limited has declared it would not use AMP superannuation fund monies for political purposes but has reserved the right to do so separate from the interests of superan...

The law, as it stands, around financial services licensing and managed investment schemes was not designed or intended to handle class action litigation funding, accordin...

Data analysis around the Government’s hardship early release superannuation regime has revealed that the ‘rivers of gold’ inflows generated by the superannuation guarante...

The Australian Securities and Investments Commission has released final updated guidance on how financial firms should deal with consumer and small business complaints. ...

Having an experienced investment committee and a strong investment governance structure has given the IOOF Balanced Investor Trust fund the edge to win Money Management’s...