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J.P. Morgan dominates custody marketBY KARREN VERGARA | THURSDAY, 18 FEB 2021 12:22PM
J.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
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.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
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.
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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