Insignia Financial appoints MLC & OnePath custodian

insignia insignia financial bnp paribas custodian

The Australian wealth management firm has named a custodian for its MLC and OnePath businesses following an extensive tender process.

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Where could be the next M&A target in 2025?

platforms technology fintech amp iress

Experts believe rival licensee AMP and technology software firms could be next on the list for private equity firms looking to enter the Australian market.

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Asian asset manager makes acquisition to support Australian private credit business

private markets M&A private credit Asia

Global real asset manager CapitaLand Investment has announced a key acquisition from Wingate as part of its growth strategy in Australia.

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ASIC confirms finalised industry funding levy

ASIC ASIC levy levy financial advice AFSL

ASIC has announced its finalised industry funding levy, detailing how much licensees will have to pay for the 2023–24 financial year and how it compares to original estimates.

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

breach reporting ASIC Hall & Wilcox

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.

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

insignia insignia financial licensees private equity financial advice

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.

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IAM appoints Press, launches 2 bond ETFs

ETFs appointments bonds fixed income danielle press

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

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Betashares closes swathe of funds due to insufficient size

BetaShares Martin Currie ETFs managed funds

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

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International equities lead the charge in November ETF flows

ETF BetaShares international equities equities australian equities

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

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Adviser reprimanded over incorrect advice by FSCP

FSCP financial advice misconduct enforcement

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

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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 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 3 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 2 days 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. ...

4 weeks 1 day ago

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

2 days 21 hours ago