JAMIE WILLIAMSON   The NSW shadow minister for finance and small business has asked what the state government is doing for advisers facing financial ruin as a result of AMP's plan to change Buyer of Last Resort terms.JAMIE WILLIAMSON   Bravura Solutions has acquired Midwinter for $50 million.

KANIKA SOOD   Perpetual is willing to break away from its value investing heritage as it looks for new investment managers to add to its lineup.KANIKA SOOD   Aussie equities managers had a hard time beating the S&P/ASX 200 Accumulation index in the year to June and the underperformance gap has widened significantly over the past four years, according to new Rainmaker research.

KARREN VERGARA   The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks.KANIKA SOOD   A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company.

KRISTI CHENG   The Australian Tax Office is set to contact tense o thousands of SMSFs warning of the risks of being too concentrated.HARRISON WORLEY   ASIC has acted against misconduct by SMSF auditors, disqualifying three and imposing conditions on several others.

BENJAMIN ONG   As the Fed kicks off its annual economic symposium in Jackson Hole, the world is ready to slice and dice everything that its chair Jerome Powell says. Will he pass the test?BENJAMIN ONG   The US yield curve indicates a US recession is on the cards, even if Trump rescinds all tariffs on trade and the Fed drops helicopter money today.

HARRISON WORLEY   ASIC banned the director of a firm allowing people to illegally access their superannuation early to buy a home.ELIZABETH MCARTHUR   ASIC will review the progress of transition away from grandfathered conflicted remuneration arrangements for financial advisers.

KRISTI CHENG   A Melbourne boutique expanded its senior ranks with the appointment of a new head of distribution and investor relations.HARRISON WORLEY   Janus Henderson Investors promoted from within to appoint a new sales director.

KRISTI CHENG   The California State Teachers' Retirement System has joined a derivatives case against Facebook in regards to Cambridge Analytica.KARREN VERGARA   A major industry superannuation fund has awarded a $150 million mandate to a London-based investment manager.

KRISTI CHENG   Following record investments in 2018, Australia's fintech sector saw a subdued investment trend in the first half of this year.KRISTI CHENG   London Stock Exchange has confirmed it is in talks to acquire Refinitiv in a $US$27 billion deal.

KARREN VERGARA   A new report finds the majority of Australian millionaires are cautious investors and prefer to leave their wealth in cash rather than risk capital erosion.KARREN VERGARA   Australia's high-net-worth population slumped in the rankings of a global wealth study as millionaires shifted their portfolio to cash amid share market uncertainty.