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Six cases brought against Westpac now finalisedBY JAMIE WILLIAMSON | FRIDAY, 22 APR 2022 2:35PM
The six Federal Court cases brought against Westpac by ASIC late last year have been finalised, with the banking giant to pay a total of $113 million in penalties.
Read more: Westpac, ASIC, Federal Court, BT Funds Management, Justice Beach, Magnitude, Securitor
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The industry fund has reduced asset-based administration fees across Rest Super, Rest Corporate and Rest Pension, saying its total fees are now at least 25% less than the industry average.
Members of the Authorised Representatives Association (ARA), have voted to close the 40-year-old association and merge with The Advisers Association (TAA).
Mercer Financial Advice is being sued by ASIC over fee for no service conduct that continued after the Royal Commission and impacted members of both a corporate and government super fund.
Federal Reserve chair Jerome Powell flagged that the US Federal Reserve had to raise rates rapidly to mitigate higher inflation, even if that increased recession risks.
Infrastructure plays a key role in multi-asset portfolios
Focusing on stable long-term cashflows linked to inflation and low equity beta, infrastructure can provide diversification and resilience.
An open letter to the newly appointed minister for financial services, sharing a possible approach to revitalising and advancing the advice industry.
My old boss once said I was like a dog with a bone, except that the bone was buried in the backyard, and I'd keep digging until I found it. And that's ...
Superannuation's structural tailwinds of the past 30 years are morphing into headwinds and traditional diversification is challenged. (As an industry) ...
Emerging market debt has had a tough 2022 so far but the market is reaching an inflection point. Much of the bad news is in the past and yields are beginning ...
Infographic: FROM AUSTRALIA'S LEADING GOLD ETF ISSUER.
GENERAL MANAGER, INVESTMENTS
A determined spirit has underscored all that Jane Kang has achieved so far, and that spirit is lending itself well to Prime Super, its members and its investments. Andrew McKean writes.