The latest issue of Financial Standard now available as an e-newspaper J.P. Morgan dominates custody marketBY KARREN VERGARA | THURSDAY, 18 FEB 2021 12:22PMJ.P. Morgan has remained the largest custodian in Australia since 2016, when it bumped off NAB Asset Servicing, closing in on nearly $1 trillion of assets. Read more: J.P. Morgan, NAB Asset Servicing, ACSA, Northern Trust, Australian Custodial Services Association, BNP Paribas, BNY Mellon, CareSuper, Citi, Clearstream, Funds SA, Nadia Schiavon, Robert J Brown, State Street, TelstraSuper, Xplore |
| | KARREN VERGARA AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold. | JAMIE WILLIAMSON Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs. | | | KANIKA SOOD The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years. | ELIZABETH MCARTHUR The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm. |
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