Diversified financial services firm MA Financial Group has appointed global asset management veteran Anthony Habis as managing director, as well as the head of real estate partnerships in its asset management division. Habis will join MA Financial in mid-June from Bank of New York Mellon, where he was managing director and global head of client … Read more
Industry super fund-owned IFM Investors and ISPT are considering merging at the behest of their common shareholders, the fund managers said in a joint statement on Friday as asset owners look to cut management fees amid lower returns.
The corporate regulator has issued first of its kind stop orders against a superannuation product and a CFD product for deficiencies in their Target Market Determinations. Spaceship Capital The corporate regulator has issued stop orders on three managed funds and one superannuation product promoted by Spaceship Capital. In a media release on Friday morning, ASIC … Read more
Former High Court justice Kenneth Hayne has identified four key things organisations should consider to help them avoid repeating the issues that caused such an undermining of trust in financial services. The comments from the former royal commissioner come amid a strenuous debate about the Quality of Advice Review and the argument it may bring back conflicted advice models.
Industry super funds CareSuper and Spirit Super will merge in late 2024, creating a combined fund with more than 500,000 members and almost $50 billion in Funds Under Management.
Super and platform comparison tool ProductRex has been acquired by Adviser Ratings.
The Mutual Wholesale Income strategy has been added to the CFS FirstChoice Investment and Super & Pension platform menus, effective 22 May 2023.
The Labor government’s target to nearly triple Australia’s share of renewable energy sources to 82 per cent from 27 per cent by 2030, as well as capital investment to upgrade the transmission grid, is helping drive capital inflows from both local and international investors.
The pressure on banks and financial institutions to step in and prevent their customers from financial losses from investment scams continues to mount. While pressure is being applied to banks at the moment, other financial institutions such as super funds need to be on the alert.
BT has updated Panorama to improve the user experience for the most frequent users of the platform – advice practices’ support staff. Based on feedback from advice teams after a pilot last year, BT launched its Service Request Tracker, a feature which can result in significant time savings for advisers and support staff. In a … Read more
Zurich Financial Services has partnered with the Pro Bono Financial Advice Network to extend professional insurance assistance to those in particularly adverse or vulnerable situations.
ASIC will extend the date for the separate adviser registration requirement again, this time to October 2023. In a media release on Tuesday, the regulator announced the deferral of the Hayne royal commission recommendation, which is separate to the existing requirement for an AFSL to appoint any financial adviser that they authorise to the Financial … Read more
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