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Perennial to close three responsible investment funds
|Perennial Partners will shutter three responsible investment funds that manage $140 million in combined assets, as they fall short of reaching scale and achieving their investment objectives.
LGT Wealth Management hires five advisers from rival
|LGT Wealth Management Australia has expanded its Syndey private client advisers' team with five senior hires from UBS Wealth Management.
MSC Group awarded mandates for natural resources strategy
|MSC Group will provide administration capability and trusteeship for a natural resources strategy focusing on the energy sector and select commodities.
Norges Bank slashes exposure to US government bonds
|Norges Bank Investment Management (NBIM), the investment manager of Norway's sovereign wealth fund, the Government Pension Fund Global, has proposed a major restructuring of the fund's exposure on US government bonds.
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Digital assets and where they stand in 2026
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Rethinking default design in a changing market environment
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Featured Profile
Sarah Shaw
GLOBAL PORTFOLIO MANAGER
4D INFRASTRUCTURE
4D INFRASTRUCTURE
It wasn't confidence that prompted Sarah Shaw to walk away from established investment houses and co-found 4D Infrastructure in 2015. It was something she believes is far more important: courage. By Vinny Vucago.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
How long have these ads been running? 5 or 6 years? It's only taken ASIC this long to realise that they could possibly be "misleading to consumers"? Regulator asleep at the wheel again, or were the bureaucrats just adhering to Labor's superannuation agenda? The headline "ASIC EXPRESSES CONCERN THAT INDUSTRY FUND ADS WERE MISLEADING TO CONSUMERS", should be plastered across the front page of every newspaper.
Now that the commission thing is dead ISA will have to find something else to hang their hat on. Service perhaps? But hey, that might cost a lot more to do, as well as their competitors. I bet the comparative ads stop if/when new cheaper competitor products outperform industry funds, eg, notice how they used to bang on about Master Trusts but now it's Retail Funds.