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| | | ASIC has banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services. Spooner, also a member of MWL's investment ... |
| | | | Australian Ethical will welcome Anthony Lane as chief operating officer on November 10. Reporting to Australian Ethical chief executive John McMurdo, Lane will become a key member of the executive leadership team, responsible for overseeing day-to-day ... |
| | | | HUB24 achieved net inflows of $5.2 billion in the first quarter of FY26, representing a 28% increase on the prior corresponding period. Total funds under administration (FUA) reached $146.5 billion, up 30%. This includes Platform FUA of $122 billion ... |
| | | | As consolidation continues across the superannuation sector, there remains a strong role for differentiated mid-sized super funds, according to Brighter Super. Kate Farrar, chief executive at Brighter Super, told the Innovation in Retirement conference ... |
| | | | ... progressing with the sale of its wealth management business, which, "despite the uncertainty" delivered growth in funds under advice (FUA) for the quarter. Total FUA for the quarter was $21.9 billion, up 2% from the prior quarter, driven by positive ... |
| | | | The Australian Financial Complaints Authority (AFCA) has released its Systemic Issues Insights Report for the second half of FY25. The report highlighted that delays in processing superannuation rollovers and withdrawals remain a recurring systemic ... |
| | | | The Federal Court has dismissed ASIC's claims that a former Freedom Insurance director and staff member were engaged in shocking and harmful sales tactics. Judge Goodman did not accept ASIC's claims that former director Keith Cohen and quality ... |
| | | | Stopping short of calling it vertically integrated, ASIC warns it aims to uncover any conflicts of interests in the managed accounts sector particularly as more AFSLs build in-house products. ASIC commissioner Alan Kirkland said the managed accounts ... |
| | | | Lonsec Research and Ratings has appointed a head of sales, hiring from Challenger Ltd. Anna Schofield brings over 25 years of experience working in financial services distribution and strategic client engagement roles. Before her nine years at Challenger ... |
| | | | AMP has reported a rise of 61.6% in its platform net cashflows to $1.2 billion, up from $750 million last year. Platform assets under management also increased to $86.9 billion in the quarter. "In Platforms, the strength of the North proposition continues ... |
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