How did Aussie fund managers fare in FY24?

Money Management rounds up the financial results for Australia’s listed fund managers.

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Nikko AM unveils new brand name

APAC fund manager Nikko Asset Management has announced its plan to rebrand from September 2025 to a new name that reflects its global growth strategy.

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ClearBridge announces ESG slant equity fund

The global equity manager has launched a new fund in the Australian market, providing exposure to companies that it believes are “committed to change”.

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The value of consistent meetings in advice teams

Integrating regular meetings within a financial advice team – from daily huddles to quarterly reviews – is essential for fostering sustainable long-term growth, according to Vital Business Partners.

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Perpetual appoints former FPA director to board

Having announced in its FY24 results that two directors will be retiring from the board, Perpetual has made its first new appointment.

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FAAA concerned about lack of clear pathway presented to paraplanners

The Financial Advice Association Australia is concerned those working as paraplanners will be unaware of their ability to transition to an adviser, under the proposed new ABS occupation classifications.

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Financial gender equality slips in June quarter

The Financy Women’s Index experienced a decline in the past quarter, despite positive gains made in the March quarter, due to setbacks in employment outcomes for women.

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Verdict in for AMP BOLR class action settlement

The decision whether to proceed with a $100 million settlement for members of the buyer of last resort class action against AMP has been decided in the Federal Court.

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Charting the Semiconductor Industry's Next Decade of Growth

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ASIC exam pass mark falls to 2022 lows

ASIC has released the percentage of candidates who passed its August financial advice exam, with the volume dropping to the lowest since November 2022.

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