KANIKA SOOD   IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.ELIZA BAVIN   The Financial Planning Association of Australia (FPA) has named Melbourne-based financial planner Renato Manias as the first 2021 winner of the Gwen Fletcher Memorial Award.

ANNABELLE DICKSON  |    8:12AM   After backing out of its bid to acquire AMP, Ares Management has announced it is pursuing a joint venture with AMP and taking control of AMP Capital's private market business.KANIKA SOOD   Many companies are housing the ultimate responsibility for ESG with their chief financial officers, says a new report from Accenture.

ELIZA BAVIN   PPS Mutual has launched an income protection underwriting offering for newly qualified professionals starting out in their career.ELIZABETH MCARTHUR   New research from Investment Trends has measured how satisfied risk advisers are with their main life insurers across key service areas, NEOS Life and ClearView on top.

KARREN VERGARA   Self-managed super funds that borrowed from a private company under a limited recourse borrowing arrangement (LRBA) will not suffer adverse tax consequences if the loan interest has been capitalised because of COVID-19.KARREN VERGARA   The corporate regulator continues to hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation.

BENJAMIN ONG   Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this.BENJAMIN ONG   Wall Street wants both a return to pre-pandemic normal and for President Biden's US$1.2 trillion stimulus package to pass, in addition to continued loosening of monetary policy without inflation. But something has to give.

KANIKA SOOD   The corporate regulator has taken NAB to the Federal Court, alleging the bank wrongly charged customers fees for at least 12 years.ELIZABETH MCARTHUR   The government has released terms of reference for the review of the Australian Financial Complaints Authority, asking for stakeholder feedback.

KARREN VERGARA   PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight.JAMIE WILLIAMSON   Trilogy Funds Management has appointed a head of lending and property assets following the retirement of David Hogan last month.

JAMIE WILLIAMSON   Despite more than 75% of the UK's local councils declaring a climate emergency, their pension funds are still pouring billions into fossil fuels the world over.ANNABELLE DICKSON   Public sector superannuation fund members have come out as the most satisfied across all sectors, according to new research.

ANNABELLE DICKSON   The platform provider recorded a significant jump in platform inflows and funds under management while profit remained flat, according to its half-year results.KARREN VERGARA   Goldman Sachs has launched a robo-investment offering that helps retail clients achieve their financial goals by automatically rebalancing their portfolios with the use of exchange-traded funds.

KARREN VERGARA   A new philanthropic report finds that ASX-listed financial firms were among the largest donors that gave generously to the coronavirus and bushfire appeals.KANIKA SOOD   Pinnacle's Ian Macoun sold $83 million worth of PNI shares yesterday, as the stock headed towards an all-time high after a strong first half result.