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| | | The global wealth and asset management industry is entering a period of significant consolidation, with over 1500 transactions expected in the coming years. A report by Oliver Wyman with Morgan Stanley estimates a reduction of around 20% in the number ... |
| | | | ... previously expected. Bassanese said the statement implied the RBA was putting slightly more weight towards the monthly CPI read, despite previously saying it pays it less attention than the quarterly read. Bassanese added that it was unclear whether ... |
| | | | Registrable superannuation entities (RSEs) must do more to ensure asset valuations in financial reports are reliable and improve disclosure of sponsorship and advertising expenses. Those are two key outcomes of an ASIC review into the financial reporting ... |
| | | | HESTA has reduced investment fees across its ready-made investment options in the last financial year and announced a lower minimum balance for accessing Income Stream products. The investment fee reductions were across HESTA's top four ready-made ... |
| | | | About three years ago, robo-advisers, one by one, began dropping like flies. The likes of Six Park, Upstreet and Advice Intelligence either folded or were acquired. Even Ellerston Capital's ethically based robo-adviser, which launched in early 2023 ... |
| | | | ... tokenised custody platform. This means the existing consumer protections and licensing rules will generally apply, the statement read. Providers of the new financial products will be required to hold an Australian financial services licence (AFSL), subject ... |
| | | | ... company bank accounts between October 2024 and January 2025, including one account with the Commonwealth Bank," the article read. "However, they say they were notified of suspected fraudulent activity in December and attempts to get their money back ... |
| | | | ASIC has released the interim report from its review into the nation's $200 billion private credit market, which it says could pose a systemic risk to many investors if a downturn were to occur. The review has so far found that while most investors ... |
| | | | 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 ... |
| | | | Equity Trustees has marked down the value of units held in the Shield Master Fund by as much as 75%, as victims petition the government for $5 million to start a recovery fund. The Save Our Super campaign, comprising victims of the Shield Master Fund ... |
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