Platinum sees 11% FUM decline after heavy insto redemptions

Platinum/Platinum-Asset-Management/fund-flows/redemptions/

Platinum Asset Management saw outflows of $1.65 billion in April, partly as a result of redemptions from institutional mandates and product rationalisation initiatives.

AUTHOR

Trustees face breach risk under advice deduction proposals

law/superannuation-funds/superannuation-trustees/financial-advice/fees/

Financial services lawyers believe the government may have good intentions, but the proposed legislation leaves superannuation trustees targeting an unachievable “standard of perfection” when it comes to advice deductions.

AUTHOR

AMP launches alternative debt fund

amp/fund-launch/

AMP has launched an alternative debt fund to provide investors with exposure to global private debt.

AUTHOR

Winners of Australian Wealth Management Awards revealed

awards/wealth-management/funds-management/

There were 25 winners at the first-ever Australian Wealth Management Awards, held in Sydney tonight.

AUTHOR

Perpetual reshaped with strategic review outcome, Adams to retire

Perpetual/Rob-Adams/KKR/

Perpetual has announced the outcome of a six-month strategic review and discussions with private equity giant KKR regarding its corporate trust and wealth management businesses.

AUTHOR

RBA kicks rate cut possibility down the road

amp/Insight-Investment/GSFM/RBA/interest-rates/monetary-policy/inflation/

Economists feel it is likely that the RBA would have discussed the possibility of a rate hike at yesterday’s board meeting, pushing the possibility of rate cuts further down the road.

AUTHOR

RBA reveals May cash rate decision

The central bank has announced its latest rate decision amid stubborn inflation and increasing geopolitical tension.

AUTHOR

GQG details FUM post acquisition of PAC affiliates

GQG-Partners/gqg/Pacific-Current-Group/fund-flows/

GQG Partners has reported a decline in funds under management in April, but YTD inflows are approaching $10 billion.

AUTHOR

Bond funds demonstrating consistent top-quartile performance

S&P/S&P-Dow-Jones-Indices/active-management/bonds/fixed-income/

Some 44 per cent of top quartile bond funds in 2021 remained in the top quartile two years later, according to S&P Dow Jones research, far higher than their equity counterparts.

AUTHOR

FSC warns on ‘chilling effect’ of advice deduction legislation

FSC/quality-of-advice-review/costs/cost-of-advice/financial-advice/superannuation-funds/superannuation-trustees/

Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trustees can reject deductions that are not charged on a cost basis.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

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

2 months 3 weeks ago

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

4 months 4 weeks ago

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

1 week 4 days ago

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

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago