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| | | After a stretch that's favoured equities, particularly passive strategies, which hasn't bode well for active management or diversified portfolios, the tide is beginning to turn, according to Cbus deputy chief investment officer Leigh Gavin. Gavin said ... |
| | | | The Association of Independently Owned Financial Professionals (AIOFP) has partnered with fintech firm moneyGPS, which will provide its digital advice platform to the advice association's 120 AFSL members and 5000 financial advisers. Through the partnership ... |
| | | | Cbus has confirmed it has reported to APRA an "unusually high spike in log-in attempts", impacting around 85 member accounts, which occurred several days after the cyber-attack that impacted other super funds. "At this stage of our inquiries, there ... |
| | | | Fitzpatricks Group appointed a head of product from Colonial First State (CFS) as it bolsters its investment products and services to financial advisers and their clients. Andrew Chapple joins Fitzpatricks in the newly created role based in Sydney. ... |
| | | | ... the fairly short term. "Unless there is a rapid uptick in the stock market, this could mean that many people will have to work longer to afford the kind of retirement they thought they were looking at just a few weeks ago." UniSuper chief investment ... |
| | | | ... Australia and New Zealand (CA ANZ) has launched an AI Fluency certificate to arm financial professionals with the skills to work with Generative AI. CA ANZ group executive education and marketing Simon Hann said the certificate is designed specifically ... |
| | | | ... Application Firewall, combined with heightened monitoring protocols have helped mitigate any impacts," he said. "We continue to work closely with cybersecurity experts and relevant authorities and remain on high alert, with enhanced monitoring and protective ... |
| | | | The Australian Financial Complaints Authority (AFCA) will expel United Global Capital's (UGC) membership effective May 31. UGC, which is now in liquidation, began providing financial services, including financial advice, in 2017 to retail and sophisticated ... |
| | | | Allegro Funds has sold its majority stake in Questas Group to Five V Capital for $375 million. Allegro acquired the majority stake in Questas in 2019, investing alongside its founder, Kede Carboni, in a partnership deal. Since then, Questas has grown ... |
| | | | ... impacted members, adding the fund is "very sorry this has happened." "We're in the process of contacting impacted members to work through what this means for them and provide support. No member funds were transferred out of impacted members' ... |
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