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...

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,...

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....

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...

Aaron Russell has made the move from Perpetual to lead high-net-worth distribution in Australia and New Zealand at J.P. Morgan Asset Management. ...

Nanuk Asset Management has expanded its portfolio management team with the appointment of John Lobb from Insync Funds Management. ...

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

NextGen Financial Group has been ordered by the Federal Court to pay $270,000 to an SMSF trustee over an unpaid AFCA determination regarding inappropriate financial advic...

A fixed income manager has welcomed the launch of Australia’s green bond program but warns it will need to meet high standards given its lateness to join the race. ...

Asendium has partnered with LML Insurance to offer reduced professional indemnity insurance for Asendium users, as much as 20 per cent in some cases. ...

Minister for Financial Services, Stephen Jones, believes the industry can return to 30,000 advisers but new pathways are needed as it is unrealistic to expect people to w...

ASIC has issued its first interim stop order on two life insurance products from ClearView Life for DDO failures....

Avoiding ‘banana skins’ has helped the $1.4 billion Munro Global Growth Fund post positive performance in the three months to 30 June....

The financial advice platform has announced a national partnership with tax preparer H&R Block to provide guidance on retirement, investment and wealth to over 700,000 po...

Magellan is betting on generative artificial intelligence in its flagship $7 billion Magellan Global Fund as it believes “major progressive evolutions” and heightened inn...

A joint ASIC/APRA thematic review has found trustees need to make more progress on enhancing retirement outcomes for members under the Retirement Income Covenant. ...

Inflows to Praemium have decreased from almost $3 billion to $1.3 billion in the FY22–23 although positive market movements still helped the firm see a rise in funds unde...

Super funds are demonstrating gaps in their member data, according to a joint APRA/ASIC review, as they are concerned collecting too much information could put them at ri...

The regulator has reached out to the Insurance Council of Australia, Council of Australian Life Insurers and Financial Services Council about its review of over 100 TMDs ...

John Nicoll, national head of sales at Zenith, has taken up a new role at portfolio construction and consulting company InvestSense. ...