FINANCIAL SERVICES

Policy & Regulation

The Administrative Appeals Tribunal has set aside a decision by ASIC to ban Paul Ernest Dortkamp, a former director, chairman, and responsible manager of Spaceship Capit...

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Funds management

A lack of female talent in financial services has been cited as an inhibitor to gender diverse businesses, while jobs exploring responsible investing were seeing more int...

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Financial planning

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% ...

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Financial planning

Non-bank financial services – as well as banking and insurance – are among the lowest rated industries for trust, according to Roy Morgan....

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Financial planning

The Federal Court says James Mawhinney, or entities controlled by him, has a high likelihood to engage in similar conduct if not prevented by the court from doing so, fol...

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Policy & Regulation

The Australian Securities and Investments Commission is insisting it has empathy for financial planning licensees because it has both former advisers and paraplanners in ...

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Funds management

The industry funds-owned IFM Investors is suggesting that the Liberal-dominated House of Representatives Standing Committee on Economics is unreasonably singling it out f...

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Financial planning

Despite much of the job market struggling due to the COVID-19 pandemic, financial and insurance services have seen a boost in openings in June. ...

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Policy & Regulation

The implementation of recommendations from the Royal Commission will be deferred for six months to allow the industry to deal with the impact of COVID-19....

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Financial planning

Some 90% of Australians think that the finance sector has a crucial role to play in generating positive environmental and economic outcomes, according to the Responsible ...

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Policy & Regulation

The Australian Securities and Investment Commission has released its new regulatory framework for foreign financial services providers who are providing services to Austr...

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Policy & Regulation

Superannuation fund trustees will not be able to resort to members’ funds held in trust to pay civil penalties arising from the new Financial Accountability Regime....

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Policy & Regulation

Experience in the United Kingdom suggests it may be a lot more expensive to recruit and retain senior executives under the Government’s proposed new Financial Accountabil...

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Funds management

According to deVere Group, coronavirus, as well as other geopolitical and trade tensions, could push the world to the brink of a recession....

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Financial planning

The Financial Services Council has canvassed the imposition of capital requirements on advice licensees as part of any compensation scheme of last resort at the same time...

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MARKET INSIGHTS

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

3 days 11 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

3 days 11 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

4 days 11 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

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. ...

8 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 1 week ago