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| | | Victorian Funds Management Corporation (VFMC) has appointed KC Low as its head of portfolio strategy and asset allocation on a permanent basis. KC took over the role for an interim term in July last year following the departure of VFMC's head of ... |
| | | | ... for three years for advising clients to invest at least 75% of their superannuation savings into the High Growth or Growth class of the Shield Master Fund. ASIC said Lofthouse gave six clients inappropriate advice which was not in their best interests. ... |
| | | | ... investors. "Whole loans, encompassing mortgages, personal loans and asset finance, represent a substantial and growing asset class in Australia and globally," Challenger said. "Investment-grade private credit is emerging as a compelling alternative to ... |
| | | | ... "As your super fund, our job is to act in your best financial interests, which means thoroughly assessing any new asset class before deciding whether to include it." It said it is considering how it could be made available through Choiceplus "in a way ... |
| | | | The Federal Court has ordered Oztures Trading, known as Binance Australia Derivatives, to pay $10 million after it was found to have misclassified more than 85%, or 524, of its retail clients between July 2022 and April 2023. ASIC commenced legal proceedings ... |
| | | | The Financial Services Council (FSC) has appointed a new deputy chair as Alexis George steps down from the post. Challenger chief executive and managing director Nick Hamilton will replace George, who was in the role for one year. George's departure ... |
| | | | Channel Capital has added a distribution director, strengthening its team at a time of growing demand for alternatives education and adviser support in the wealth sector. In his new role, Keenan Bunning will support advisers across the market, helping ... |
| | | | Perpetual's head of multi-asset has exited the firm following her former boss's departure to Pinnacle Investment Management. The firm confirmed Lydia Kav left late last month, around a month after the wealth business' chief investment officer signed ... |
| | | | ... mentioned a date when any types of draft laws will drop. He admits that DBFO Tranche 2, which includes the possibility of a new class of advisers, is "complex" but is still a top priority. The only reform making a hint of advancement is Treasury recently ... |
| | | | ... Since its March 2021 inception the fund returned 14.30% against the MSCI All Country World Index (AUD) return of 83.09%. One class of the fund's units was 'Recommended' by Zenith in 2023. Meantime, the Global Small and Mid Cap Fund - which ... |
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