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| | | ... remain in Australia while the regulator continues to investigate his conduct. Prior to Shaw and Partners, Ridgway spent close to 12 years as a senior client adviser at Bell Potter Securities. |
| | | | In a bid to improve advice practice efficiency, AMP introduced a new Record of Advice (ROA) process to the platform, while also upgrading its MyNorth Lifetime Super Calculator. The new ROA template contains pre-formatted tables and charts detailing ... |
| | | | Insignia Financial and OnePath Custodians will pay $1.5 million for failing to direct member contributions to a MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed ... |
| | | | Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ... |
| | | | ... introducing six new investment options, two of which are indexed. The $100 billion industry fund notified members the options will close on October 1, saying the decision is in keeping with its broader strategy to offer "a more comprehensive suite of ... |
| | | | Two industry super funds have frozen future contracts with PwC, while others with contracts for audit or other services with the embattled management consultancy are keeping a watchful eye on developments. As reported by Financial Standard, Treasury ... |
| | | | An investor group comprising private equity firm Pemba Capital Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing ... |
| | | | ... AI offers significant investment opportunity. Companies like IBM are already suspending hiring, anticipating AI replacing close to 8,000 back-office roles over the next 5 years. Around 25% of companies are adopting AI to cope with labour shortages. Demand ... |
| | | | Australian investors have traditionally been attracted to Australian small caps, yet locally, the asset class has consistently underperformed when compared to its global counterpart. A new research paper released by VanEck titled Global small-caps ... |
| | | | Echoing similar findings by UBS, KPMG has found that of the estimated 70% of Australian businesses that are family-run, only 30% have an established succession plan. This comes into focus with a $3.5 trillion intergenerational wealth transfer expected ... |
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