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The number of rate decisions per year will reduce in 2024 under sweeping reforms following an independent review of the Reserve Bank of Australia. ...

Funds management • 12 July 2023

Platinum Asset Management has reported net outflows for 11 out of the last 12 months, as it releases its profit forecast for FY22-23....

Funds management • 13 July 2023

Minister for Financial Services, Stephen Jones, has reiterated his support for superannuation funds helping everyday Australians manage their money following widespread d...

Financial planning • 13 July 2023

Several months after the departure of abrdn head of Australian equities, Michelle Lopez, her deputy Natalie Tam has joined Perpetual, after both had worked at abrdn for a...

Funds management • 13 July 2023

A recruiter’s overview of adviser demand for Q3 2023 indicates limited roles for graduates with the industry pivoting more to re-adopt the associate adviser role....

Financial planning • 13 July 2023

In this episode of Relative Return, host Maja Garaca Djurdjevic chats to Russel Pillemer, co-founder and chief executive at Pengana Capital Group, to discuss how the firm...

Editorial • 13 July 2023

The FAAA’s Phil Anderson has shed light on when advisers could see any update from the government on the progression of the Quality of Advice Review changes....

Financial planning • 13 July 2023

The Financial Regulator Assessment Authority has released its review of the Australian Prudential Regulation Authority....

Superannuation • 13 July 2023

Driven by technological efficiencies, advisers are doing more with less and witnessing increased profitability, according to a survey of over 120 practices. ...

Financial planning • 14 July 2023

Reporting its quarterly results for the three months to 30 June, the firm said it has seen funds under administration increase by $4.4 billion although outflows remain at...

Financial planning • 14 July 2023

Magellan has appointed Amy Krizanovic as head of ESG and it is understood her predecessor and former deputy CIO, Dom Giuliano, has departed the firm after 16 years....

Funds management • 14 July 2023

Wraps, platforms and master trusts FUM declined to $982.5 billion over the year to end of March 2023, although some market leaders like HUB24 and Netwealth experienced do...

Financial planning • 14 July 2023

Three things are missing from the government’s formal response to the QAR, according to the FAAA’s Phil Anderson, while a panel has shared why they believe the QAR should...

Financial planning • 14 July 2023

It is understood Reserve Bank of Australia governor, Philip Lowe, will not be re-appointed to the governor position with a decision due to be made later today....

Funds management • 14 July 2023

Prime Minister Anthony Albanese has announced the successor for Philip Lowe at the Reserve Bank of Australia....

Funds management • 14 July 2023

Colonial First State Investments has reached an in-principle settlement regarding a superannuation class action about grandfathered commission....

Superannuation • 14 July 2023

Although on the fence about the replacement of governor Philip Lowe, economists have welcomed his successor, deputy Michele Bullock, as a sign of structure and continuity...

Funds management • 17 July 2023

Two-thirds of all licensees are paying over $1 million annually in internal compliance costs, including 13 per cent of those with less than 100 staff and representatives,...

Financial planning • 17 July 2023

The financial planning-accounting business model is the only one to have seen growth in its adviser numbers since 1 July 2022, according to Wealth Data....

Financial planning • 17 July 2023

According to Betashares analysis, Australian ETFs have seen $4.8 billion in net inflows since the start of 2023 and total funds under management are expected to cross $16...

Funds management • 17 July 2023
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MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months 1 week ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

3 weeks 2 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

4 weeks ago

A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”....

3 weeks ago