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...

Failing to ensure clients understand risk profile questionnaires can mean advisers fail the ‘know your client’ obligation and leave them open to a complaint with only a 3...

Servicing retail clients has become more and more risky for several advice groups due to the complex compliance requirements....

In its half year results, the firm attributes the decline to advisers migrating to independent advice firms....

Perpetual Private has recorded net flows of $783 million, which includes over $400 million from its adviser growth strategy, but Perpetual Limited’s net profits after tax...

EQT Holdings has announced a 43% year-on-year growth in funds under management, administration and supervision to $144 billion for the year. ...