Potential ‘name and shame’ breach reporting approach sparks AFSL uneasiness

breach reporting ASIC Hall & Wilcox

| By Rhea Nath |

A legal expert has flagged there is growing tension in the industry as ASIC considers naming licensees in its breach reports, with such a move potentially deterring proactive self-reporting.

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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Insignia's $2.7bn bid ‘opens the floodgates’ for US PE deals

insignia insignia financial licensees private equity financial advice

| By Laura Dew |

Financial planning

The potential $2.7 billion bid for Insignia from US private equity player Bain Capital could be hard for shareholders to resist and would “open the floodgates” for US firms looking at Australia, according to experts.

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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IAM appoints Press, launches 2 bond ETFs

ETFs appointments bonds fixed income danielle press

| By Laura Dew |

Funds management

Income Asset Management has hired former ASIC commissioner Danielle Press to its board as a non-executive director as it launches corporate bond ETFs.

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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Betashares closes swathe of funds due to insufficient size

BetaShares Martin Currie ETFs managed funds

| By Laura Dew |

Funds management

Betashares is to close three managed funds and three ETFs after they failed to secure sufficient assets.

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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International equities lead the charge in November ETF flows

ETF BetaShares international equities equities australian equities

| By Rhea Nath |

Funds management

November proved to be a standout month for international equities, with these ETFs witnessing nearly double the flows of the next closest category.

AUTHOR

Rhea Nath

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Adviser reprimanded over incorrect advice by FSCP

FSCP financial advice misconduct enforcement

| By Keith Ford |

Financial planning

The FSCP has issued its second written reprimand this week against an adviser who provided incorrect advice to clients regarding the non-concessional cap.

AUTHOR

Keith Ford

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WA advice firm among 2 AFSL cancellations

ASIC AFSL ASIC cancellation

| By Laura Dew |

Financial planning

The corporate regulator has cancelled two AFSLs, one against a Western Australian financial advice firm and the other against an individual.

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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Insignia ‘considering’ takeover bid from US giant

insignia insignia financial private equity

| By Laura Dew |

Financial planning

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm.

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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Dixon investment committee actions warrant scrutiny: FAAA

Dixon Advisory AFCA

| By Laura Dew |

Financial planning

The actions of the investment committee at Dixon Advisory should be placed under greater scrutiny in the upcoming Senate inquiry, according to the FAAA.

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 2 areas of CSLR that could easily change

CSLR Dixon Advisory

| By Laura Dew |

Financial planning

There are two areas where Minister for Financial Services, Stephen Jones, has the power to change CSLR without the need for law changes.

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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