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| | | Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland issued a blunt warning to licensees not meeting their obligations. Speaking at an industry event, Kirkland said the regulator has spent two years warning licensees to ... |
| | | | The Reserve Bank of Australia (RBA) kept the official cash rate on hold at 4.35% in June but would not rule out another hike in the future. The RBA board noted that inflation had fallen substantially since its peak in 2022 but said recent federal and ... |
| | | | ... of a weakening economy, inflation remains above target, making a rate cut unlikely," he said. "Nobody saw COVID-19 or the war in Ukraine coming, and these have been the driving factors behind our current situation. "What the next few months have in store ... |
| | | | The Super Members Council (SMC) has revived its predecessor's calls to extend anti-hawking legislation, slamming a sub-set of financial advisers using social media posts and cold calling to drum up business. Prior to its merger, the Australian Institute ... |
| | | | Lazard Asset Management is now offering ETFs in Australia, kicking off with a global listed infrastructure active ETF. Commencing trading on Cboe today, the Lazard Global Listed Infrastructure Active ETF (GIFL) is a unit class of the $2 billion Lazard ... |
| | | | The $43 billion public sector fund manager has appointed Matt Kempton as acting chief investment officer following the departure of Richard Friend last month. The fund said at this stage, there is no further detail regarding the recruitment process ... |
| | | | Recruitment at all levels across most categories in the financial services industry has been lacklustre over the 2023/24 year, but there are some skills highly in demand, according to new data from Perceptor. The one exception has been insurance, which ... |
| | | | Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ... |
| | | | Financial advisers shoulder much of the responsibility in helping facilitate the massive intergenerational wealth transfer that has blown out to nearly $5 trillion, according to new estimates, as recipients are largely financial illiterate and ill-prepared ... |
| | | | BlackRock Australia has announced it will launch the iShares MSCI Emerging Markets ex China ETF (ASX: EMXC) with a management fee of 0.25%. BlackRock said the launch of EMXC furthers its commitment to expand its local iShares product suite, providing ... |
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