Insurance profit after tax saw 42.4% growth during FY20 as it exited underperforming products while its wealth business was sold to LGIAsuper....

After previously trying to depart last year, Melos Sulicich, chief executive of MyState Bank will be leaving at the end of the year....

The sale of Westpac Life Insurance Services sees the bank’s exit manufacturing life insurance products and would release capital back to the bank. ...

Ben Hillier has been appointed as general manager – retirement solutions and will lead AMP’s development of financial solutions across the AMP Australia business....

Shareholders at Clime Investment Management have voted to remove former chair Neil Schafer from his position as a director at the firm....

Wael Kourieh pleaded guilty to forging 30 member signatures on AMP superannuation investment election forms which would let him obtain financial advantage for himself via...

Shannon Bernasconi, co-founder and managing director of WealthO2, has left the firm with her role being taken over by chief distribution officer Andrew Whelan....

Alternative investment manager has announced the launch of its debt income fund with 5% to 7% per annum target return....

Online security trading is on the rise thanks to the COVID-19 pandemic and 10% of traders say they intend on investing in digital currencies over the next 12 months, acco...

Andrew Creber, Asia Pacific deputy chief administrative officer, has been appointed as chief executive for Australia and New Zealand after Rachel Farrell left the firm la...

A pair of State Street Global Adviser funds were the first exchange traded funds to launch on the exchange and Money Management looks at what those investments are worth ...

The Financial Adviser Standards and Ethics Authority has confirmed that one question has been removed as it disadvantaged those candidates who use English as their second...

AustralianSuper’s chief investment officer had a total remuneration of $1,705,837 in the 2019/20 financial year....

Contrary to wider adviser sentiment, one adviser has high hopes for the industry’s future and believes the next few years will only get better....

After 18 years with the company Richard Howes will step down from his role as managing director and chief executive in March 2022. ...

Challenger repositioned its investment portfolio during the pandemic which included holding higher levels of cash and liquid assets and enhanced its business risk setting...

The corporate regulator found responsible entities handled the challenges of illiquid asset valuation during the early stages of the COVID-19 pandemic well, but there are...

As only a fraction of the population receives financial advice, overcoming media perception is the most challenging factor in building trust with the broader community, a...

The opposition has said the Government’s financial reforms have caused uncertainty and unnecessary costs for thousands of financial advisers....

Employing younger advisers can provide a pathway for succession planning as well as help firms fill gaps left by older advisers exiting the industry....