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| | | AIA Australia has welcomed a new head of partnerships, who joined from Acenda after leaving the firm in March. Alison Bodinnar has commenced in the role, bringing more than two decades of insurance and financial services experience across Switzerland ... |
| | | | The monetary policy board of the Reserve Bank of Australia (RBA) unanimously agreed to increase the interest rate by 25 basis points to 4.6%, the highest level since 2011. The RBA said the hike was a result of inflation remaining "elevated" and risks ... |
| | | | Insurance Australia Group Limited (IAG) has announced it has agreed to a settlement in the proceedings brought by Credit Suisse against it in the Federal Court, over the collapse of Greensill Capital. IAG said the terms of the settlement are confidential ... |
| | | | Netwealth Group has received letters of potential class action, alleging it breached duties while offering and monitoring certain First Guardian investment options available through the Netwealth Superannuation Master Fund. No proceedings have yet been ... |
| | | | ASIC has secured interim asset preservation and travel restraint orders against Star Investment Group Australia (SIGA) and Gondal Holdings, and the director of both entities Ijaz Ahmad, following investigations into its managed investment scheme. ASIC ... |
| | | | Sequoia Financial Group, the parent company of InterPrac Financial Planning, is conducting a thorough review of all its operating subsidiaries for a potential restructuring. The ASX-listed firm said the review will provide insight if a restructuring ... |
| | | | ... in more than three years, contributing to the ongoing adversity the global economy is facing, especially in Australia. The Fed has called a rate hike overnight, increasing the interest rate by 25 basis points from 3.75% to 4%. Commenting, VanEck head ... |
| | | | Former financial adviser and the sole director of Professional Wealth Management, Donald Cuthbertson, has been slapped with 24 offences in the Federal Court of Australia. An indictment filed on August 28 showed Cuthbertson being charged with making ... |
| | | | The Federal Government has backed an overhaul of Australia's regulatory sandbox framework, agreeing to repeal the legislation underpinning the Enhanced Regulatory Sandbox (ERS) and replace it with a more flexible model designed to support financial ... |
| | | | Federated Hermes has entered a strategic alliance with Singapore based Conduit Digital Holdings to launch a regulated tokenised money market fund distribution structure across the Asia Pacific (APAC) region, including Australia. Under the arrangement ... |
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