The corporate regulator’s increased levy will be ultimately be borne by superannuation fund members through administration fees and will be reflected in their future reti...

Consumer bodies have joined the financial adviser bodies and the Federal Opposition in voicing their displeasure with the proposed draft legislation for the compensation ...

Opening the November exam to all advisers and the conditional September 2022 extension could drastically improve how many advisers are on the Financial Adviser Register a...

The roadblocks that have been put onto the advice industry will not affect the big end of town accessing advice, only the ones that need advice the most, according to Con...

Class’ net profit after tax fell 46% after the firm offloaded its investment in managed account service, Philo Capital, and has acquired legal documentation software prov...

Magellan has seen its net profit after tax fall 33% in the last financial year but funds under management have risen 9% to pass $100 billion....

Trustees of self-managed superannuation funds will now be able to add a fifth and sixth member, after the Australian Taxation Office suffered administrative delays. ...

The Government has included changes to the way portfolio holdings should be organised and what format they should be displayed in. ...

Pengana Capital has received two ratings for its international funds after being put ‘on hold’ and seeing redemptions following the departure of two portfolio managers....

The Evergreen Responsible Investment Grading index grades funds across all seven different capabilities on the environmental, social and governance spectrum from screened...

The wealth management market has seen a growth of $266 billion during financial year 2020-21 despite the overall share in the financial services market declining by 0.9% ...

Opting to seek advice and stay invested during the pandemic has seen a portfolio of $250,000 grow by as much as $40,000, according to Russell Investments....

While the Magellan Global fund is over $14 billion in size, the firm is trying to actively diversify its business away from purely global equities....

Having suitable breach reporting systems will go a long way to show licensees are pro-actively dealing with regulatory changes to the corporate regulator, even though it ...

EC Audit was fined $40,000 while Robert Evett was fined $10,000 for auditing standards breaches of Halifax Investment Services....

The Financial Services Council has released the second draft of the life insurance code of practice for public consultation. ...

The average wrap account held over $1 million with the firm feeling well-positioned to take advantage of the changing advice landscape....

The Financial Adviser Standards and Ethics Authority has clarified what advisers should do if they did not pass the exam before 2022 or if they ceased to be a relevant pr...

New business premiums for individual disability income insurance will drop 15% due to the prudential regulator’s product intervention measures, according to DEXX&R projec...

There have been 333 unsuccessful candidates who requested a re-mark for the Financial Adviser Standards and Ethics Authority exam but only 28 have seen a change in result...