Reportable situations relief extended for 5 years

ASIC compliance regulation

ASIC will extend the relief and requirements regarding reportable situations regime for another five years until October 2029, following a public consultation.

AUTHOR

ASIC secures penalty for Vanguard over greenwashing claims

vanguard ASIC federal court greenwashing

Vanguard has been issued with a penalty by the Federal Court for making false and misleading statements about its ethically conscious fund.

AUTHOR

Future advisers calling: The importance of entry-level experience

striver professional year new entrants students graduate

A panel of commentators have emphasised working in a support or administrative role, such as in a call centre, need not be a step backwards and can provide valuable experience for future advice roles.

AUTHOR

FAAA says E&P delisting won’t prevent Dixon scrutiny

E&P Financial Group phil anderson inquiry CSLR Senate Economic References Committee

The FAAA’s Phil Anderson has said the delisting of E&P Financial Group won’t stop the company coming under scrutiny in the public inquiry.

AUTHOR

Linchpin’s Daly loses appeal against $150k penalty

Linchpin endeavour federal court appeal peter daly

A judge has dismissed an appeal by former Linchpin Capital Group director Peter Daly against a $150,000 penalty for breaching his duties as a officer.

AUTHOR

Magellan appoints co-manager for flagship fund

Magellan hires portfolio manager fund management global equities

Magellan Financial Group has appointed a new co-manager on two of its global equity funds, including the flagship $8.3 billion Global Fund.

AUTHOR

Boutique investment manager launches in Aussie market

investment management launch equities

TWC Investment Management has commenced operations, initially offering three funds to wholesale investors and is led by a former Credit Suisse managing director.

AUTHOR

The $14bn cost saving from index ETFs

ETFs vanguard

The cost savings of advisers opting for ETFs and index funds for their clients have been calculated by Vanguard, with estimates that Australian investors have collectively saved $14.4 billion since the options first launched in Australia.

AUTHOR

RBA makes latest rate call

RBA interest rates bonds fixed income monetary policy

The Reserve Bank of Australia has made its latest rate call, with only two more meetings left for 2024.

AUTHOR

E&P Financial Group seeks ASX de-listing

E&P Financial Group Dixon Advisory

E&P Financial Group, former parent of Dixon Advisory, has formally requested to delist from the ASX, with the company noting the negative impact of regulatory proceedings on its share price.

AUTHOR

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

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

1 month 2 weeks ago

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

1 month 2 weeks ago

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

1 month 3 weeks ago

SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positiv...

1 week 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. ...

3 weeks 5 days ago

Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial....

7 hours ago