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| | | Minister for financial services Stephen Jones has confirmed the government remains committed to removing Statements of Advice and the Safe Harbour Steps, as well as accelerating changes to education requirements to meet increased demand for advice. ... |
| | | | As small financial institutions buckle under macroeconomic pressures, it is a fine balancing act to ensure that they don't suffer unnecessary regulatory burdens to avoid a similar scenario in the US with the collapse of regional banks, APRA says. ... |
| | | | ... capital sources. Separately, Aviva's head of investment strategy Michael Grady commented last month that as 2023 draws to a close, peak interest rates in major global economies may be imminent, if not already there. "The market now seems to be concentrated ... |
| | | | WT Financial Group (WTL) will acquire Millennium3 Financial Services (M3) from Insignia Financial for $2 million. Under the deal, M3's 140 wealth and personal risk insurance advisers, operating in more than 75 privately owned practices across the ... |
| | | | ... "mutually agreed" upon to terminate the deal. Wealthfront had about US$27 billion ($41bn) in AUM at the time. Wealthfront's close rival Betterment had over US$40 billion ($61bn) in AUM and some 800,000 investors at the end of August. Also a major player ... |
| | | | ... executive, development. He currently serves as Stockland's chief executive, communities and has worked at the group for close to 16 years. Under the changes, Louise Mason will depart the property development giant after six years as chief executive ... |
| | | | ... Davenport becoming co-chief executives. The news followed the retirement of Bell FG chair Alastair Provan, who left after close to four years in the role and over four decades with the group. |
| | | | Financial advisers are increasingly leaning towards cash and fixed income, making up 15% of new client inflows this year, according to Investment Trends. The 2023 Adviser Product and Marketing Needs report revealed that one in four advisers recognise ... |
| | | | Global pension funds are increasing investments in Australian agriculture, the nation's second-largest real estate sector, prompting Warakirri Asset Management managing director Jim McKay to question the relative absence of superannuation funds. Warakirri ... |
| | | | The quarterly Wage Price Index (WPI) jumped by 1.3% to 4% in September, beating inflation, but AMP deputy chief economist Diana Mousina says it's not economically sustainable. According to the Australian Bureau of Statistics (ABS), September's ... |
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