The Federal Court has ordered MLC Limited pay a $10 million penalty for misleading customers and failing to pay promised benefits....

AMP Life and AMP Financial Planning have been issued a $24 million penalty by the Federal Court in relation to charging deceased clients for insurance and financial advic...

EXCLUSIVE: The major product provider has rejected “hysteria” surrounding passive strategies and argues that ETFs do not distort markets. ...

There continues to be slow but steady growth in adviser numbers, with the number increasing to 15,846 following a small net gain of one adviser this week, according to We...

Interest rate forecasts are a "distraction",  according to one asset manager, which has described the market as a “demonic beast”, working to “trick” investors into makin...

China’s reopening is leading the attractive path forward for Asian equities, but investors should remain selective, according to abrdn’s Asian equities investment directo...

If banks and super funds were to begin providing advice, this advice director expects it would “absolutely spark another round” of mergers and acquisitions. ...

Five finalists will battle it out to win the coveted 2023 Fund Manager of the Year award at this year’s ceremony...

Laura Mitchell has exited abrdn after more than 12 years, moving over to Atrium as sales manager. ...

The new fund will invest in a diversified portfolio of some 25–70 Australian small-cap companies believed by the asset manager to be undervalued....

Blackwattle Investments Partners, a new diversified fund manager, has commenced operations and will launch its first four investment portfolios from July 2023. ...

A former fund manager has been banned by ASIC for three years for naked short selling of shares worth $7 million....

Former Synchron chair Michael Harrison has died at age 78 after a long illness....

Distinctions between “experienced” and “relevant” advice providers could lead to further confusion, according to The Advisers Association’s CEO, Neil Macdonald....

Kelly Power, chief executive of Colonial First State Superannuation, has been appointed to the Financial Services Council board....

EXCLUSIVE Popular ETFs could soon come under ASIC’s radar as major ESG funds hold stocks that leading investment managers believe are far from ethical....

Inflation is set to be a key challenge for clients as we enter a period of core inflation which will be more difficult to budge without an economic slowdown to ‘reset’ th...

Protracted negotiations to raise the US debt ceiling have rekindled fears of a default and a deeper-than-expected recession. ...

The lack of risk-rated ESG funds is a hindrance to their uptake by financial advisers, according to an adviser....

Acting platforms distribution head, Jason Brown, has been formally tapped to lead BT Panorama’s 70-person strong distribution team. ...