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| | | Establishing a framework to prevent disasters like the Shield Master Fund and First Guardian Master Fund from happening again will be the focus moving forward, minister for financial services Daniel Mulino told the Financial Advice Association Australia ... |
| | | | The shadow minister for financial services Pat Conaghan has thrust ASIC front and centre of the First Guardian and Shield Master Fund collapses, saying it should take accountability for its delayed action and it is high time for its reformation. Conaghan ... |
| | | | The challenges around risk advice have forced many advisers to abandon the sector. With greater complexity and a dwindling number of specialists, experts fear the risk market may cease to exist, the FAAA Congress 2025 has heard. There are currently ... |
| | | | The financial advice industry cannot rely on hiring more advisers to scale practices, rather it needs to prioritise the adoption of new technology that will also help meet unprecedented demand for advice over the next five years, this year's Financial ... |
| | | | A recent study by Praemium and CoreData indicated trusted expertise and human connection are paramount concerns among high-net-worth (HNW) investors. Despite the rise of AI solutions and digital tools, the study indicated 36% of HNW investors rank trust ... |
| | | | A Japanese insurance company is taking an 18% stake in Barings to support its long-term growth strategy. MS&AD Insurance Group Holdings, via subsidiary Mitsui Sumitomo Insurance Co., will acquire 18% of Barings from MassMutual. MassMutual will continue ... |
| | | | Financial advisers need to tackle inherent behavioural bias in members and build simpler frameworks to improve retirement outcomes, according to research by Industry Fund Services (IFS). The whitepaper, published in collaboration with Challenger, identified ... |
| | | | Almost a week after ASIC decided to take the research house to court over 'favourable' ratings of the Shield Master Fund, SQM Research has confirmed it will defend itself against the allegations. In a statement overnight, SQM Research managing director ... |
| | | | Milford Asset Management has appointed an acting country head for Australia after news Kristine Goodwin is taking on a new role at AMP. Milford confirmed Goodwin is departing in December after resigning. She will be taking on the newly established role ... |
| | | | Michael Burry, who reaped millions from the subprime mortgage crisis of 2007, has shuttered Scion Asset Management. Burry told investors in a note that "with a heavy heart, I will liquidate the funds and return capital but for a small audit/tax holdback ... |
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