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| | | ... as funds under management continue to decline, diminishing scale could be a disadvantage to members; the fund is closed to new members. In FY24, the number of member accounts dropped by 15%. Its members' benefit outflows ratio was a whopping 712.5% compared ... |
| | | | AMP has launched Retirement Confidence Pulse, a new barometer to measure how financially confident Australians feel about life after work. The inaugural score is a concerning 50/100. Amidst a cost-of-living crisis and spikes in household expenses, the ... |
| | | | ... enhancing its digital infrastructure by using the AI capabilities offered by the Google Cloud platform. Implementation of this new technology will improve personalisation and efficiency of service delivery across all Insignia Financial applications ... |
| | | | ... talent, because we have 100,000 advisers that will be likely to retire over the next 10 years," she said, adding that the net new firms that launched and came to market last year was 500. "So, the number of new firms setting up is more than the firms ... |
| | | | MSC Trustees and MSC Abacus, both part of MSC Group, have been appointed as the trustee and administrator for a newly established third-party litigation funder, Ninety Mile Capital. Ninety Mile Capital is based in Melbourne and was founded by chief ... |
| | | | BT is launching 'Focus' on its Panorama platform, a new low-cost investment menu in partnership with Vanguard Investments Australia. Available from October, the menu is designed to assist financial advisers in delivering scalable, cost-effective platform ... |
| | | | ... 29.4% from $15.3 billion. After the merger, Platinum would be rebranded to L1 Group and would remain listed on the ASX with a new L1G ticker code. "All in all, 2025 was a challenging year but culminated in the opportunity to advance Platinum's reset ... |
| | | | ... portfolio in Australia. Other changes include a lowered entry point (from $50,000 to $20,000) to customise a portfolio, while two new crypto themes (Bitcoin and Ethereum ETFs) are added to the menu. Stockspot has also increased the limits for fee-free ... |
| | | | ... regulator with the utmost of seriousness. We will, of course, comply with the interim stop order and pause the receipt of new investments into the 12 Month Term Account while we work to promptly address these issues." For the US Private Credit Fund ... |
| | | | ... problems, particularly on complex supervision and enforcement matters. She drove our legal and enforcement functions into a new era and reshaped processes across APRA to be more efficient and less burdensome while skilfully overseeing the implementation ... |
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