China’s economic ‘reset’ to define 2023

China emerging markets global economy asia ex-japan

Whilst Western nations mitigate inflationary pressures, China’s economic recovery will underpin Asia ex-Japan growth, says fund manager Jonathan Wu.

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UBS to acquire Credit Suisse amid banking emergency

UBS credit suisse banking mergers and acquisitions

Credit Suisse is set to be acquired by its local competitor amid ongoing fears over the bank's viability.

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How to reduce the risk of an AFCA ruling

AFCA complaints Australian Financial Complaints Authority financial advice

The complaints authority has shared a way that an advice firm can improve their chances of a case being ruled in their favour or of paying a significantly lower compensation figure.

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Morgan Stanley Wealth Management to create bespoke OpenAI model

chatgpt Morgan Stanley artificial intelligence

Global wealth manager Morgan Stanley Wealth Management has announced a partnership with ChatGPT creator OpenAI to create a bespoke model for its advisers.

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Jones urges passing of CSLR bill this month

Stephen Jones CSLR financial accountability regime

Stephen Jones has called on the Government to pass the Compensation Scheme of Last Resort bill this month, stating consumers have “waited long enough” for redress.

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Investment platform launches finance app for parents

investment platform financial literacy ETFs

Investment platform Pearler has announced an investment app for parents to invest on behalf of their children, aiming to build financial literacy.

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AMP confirms Dexus exit and review plans

amp Dexus

AMP will begin a comprehensive review of its business as it confirms a sale date for AMP Capital’s real estate and domestic infrastructure equity business after delays.

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Zero change in adviser numbers supports stabilisation trend

Colin Williams Wealth Data financial advisers

Wealth Data’s key adviser movements reported no net change of advisers in the week up to 16 March.

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Former director charged with eight counts of fraud

ASIC fraud

Mark McCabe has been charged for dishonestly obtaining over $940,000 from eight people, seven of whom were clients of his companies.

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Lonsec enters partnership with InterPrac Financial Planning

Financial planning financial advisers lonsec research and ratings

The investment research portal has been appointed the mandated research provider and would commence a bespoke onboarding program for advisers across the InterPrac dealer group.

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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...

1 month ago

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

1 month ago

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

1 month 1 week ago

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

2 weeks 1 day ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 week 3 days ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

1 week 2 days ago