AFCA complaints surpass 100k in 2023

AFCA internal dispute resolution david locke Australian Financial Complaints Authority

| By Jasmine Siljic |

AFCA’s chief ombudsman David Locke has stated the magnitude of complaints received by the body is growing at an “unsustainable rate” and urged companies to improve their internal resolution processes.

AUTHOR

Jasmine Siljic

Jasmine Siljic is a journalist at Money Management. Prior to joining MM, she also worked across other Momentum Media brands as an intern and cadet journalist. She recently completed a Bachelor of Media and Communications at Macquarie University.

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How big is the first CSLR levy?

CSLR levy AFCA complaints

| By Laura Dew |

Financial planning

The estimated sum for the initial Compensation Scheme of Last Resort levy has been calculated, with the regime expected to start receiving claims in April.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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FAAA kicks off 2024 with hire of marketing lead

hire appointments bt financial group

| By Rhea Nath |

People & Products

A former BT executive is set to head up the association’s marketing and communications team towards raising awareness around financial advice and the CFP designation.

AUTHOR

Rhea Nath

Rhea L Nath is a journalist at Money Management. She has previously worked as a business reporter with Dynamic Business and journalist in the multicultural media with Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.

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Cash weightings begin to fall after RBA pause

cash fixed income State Street equities

| By Laura Dew |

Funds management

Investors are entering 2024 with high weightings to cash but allocations are starting to fall in favour of equities as the RBA opts to hold rates.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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GQG enters new year with record FUM

GQG Partners Pacific Current Group

| By Rhea Nath |

Funds management

In its latest update, the global investment boutique has reported quarterly net inflows of US$1.8 billion, driving its funds under management as at the end of 2023 to record highs.

AUTHOR

Rhea Nath

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Magellan reports H2 FUM figures

Magellan Andrew Formica David George

| By Laura Dew |

Funds management

Magellan has shared its average funds under management for the second half of 2023 as it reports a second month of rising assets thanks to improved institutional flows.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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How much did super return in 2023?

SuperRatings Superannuation superannuation funds performance Kirby Rappell

| By Laura Dew |

Superannuation

SuperRatings has revealed the estimated annual performance of balanced superannuation funds for 2023, welcoming the “strong return to form” after losses in the previous year.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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Clime seeks to boost profitability with TIP tie-up

Clime Investment Management Madison Financial Group

| By Laura Dew |

Funds management

Clime Investment Management has entered into negotiations about a strategic business alliance with listed investment house Teaminvest Private Group in a move to return the firm to profitability.

AUTHOR

Laura Dew

Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management.

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The outlook for AI investments in 2024

artificial intelligence technology

| By Rhea Nath |

Funds management

With artificial intelligence garnering significant investor interest and inflows over the last year, fund managers are bracing for the many opportunities and risks stemming from these investments.

AUTHOR

Rhea Nath

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US recession and Trump presidency forecasts on investors’ minds

US economy Global X ETFs American Century recession Donald Trump

| By Jasmine Siljic |

Funds management

According to two investment professionals, investors are bracing for a US recession in 2024’s first quarter, alongside a potential Trump presidency by November, as likely outcomes in the coming year.

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MARKET INSIGHTS

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

Adviser sees registration suspended over ROA usage

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This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

Adviser sees registration suspended over ROA usage

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Interesting. Would be good to know the details of the StrategyOne deal....

AZ NGA makes first acquisition post-Oaktree deal

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AFCA complaints surpass 100k in 2023

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

How big is the first CSLR levy?

AUTHOR

Laura Dew

Laura 's social profiles:

FAAA kicks off 2024 with hire of marketing lead

AUTHOR

Rhea Nath

Rhea 's social profiles:

Cash weightings begin to fall after RBA pause

AUTHOR

Laura Dew

Laura 's social profiles:

GQG enters new year with record FUM

AUTHOR

Rhea Nath

Rhea 's social profiles:

Magellan reports H2 FUM figures

AUTHOR

Laura Dew

Laura 's social profiles:

How much did super return in 2023?

AUTHOR

Laura Dew

Laura 's social profiles:

Clime seeks to boost profitability with TIP tie-up

AUTHOR

Laura Dew

Laura 's social profiles:

The outlook for AI investments in 2024

AUTHOR

Rhea Nath

Rhea 's social profiles:

US recession and Trump presidency forecasts on investors’ minds

AUTHOR

Jasmine Siljic

Jasmine 's social profiles:

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