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Colonial First State cops licence conditionsBY JAMIE WILLIAMSON | THURSDAY, 2 JUL 2020 4:44PM
APRA has imposed licence conditions on Colonial First State Investments Limited to ensure super members' best interests are met, effective immediately.
Read more: APRA, CFSIL, Royal Commission, Suncorp, Colonial First State Investments Limited, FirstChoice, MySuper, Superannuation Industry Act, Avanteos
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A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use.
Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million.
ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo.
The self-managed super fund administration and software provider has appointed two new technology leads, set to help Class continue to grow and innovate.
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