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| | | The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ... |
| | | | The US investment manager has launched its Capital Group Multi-Sector Income Fund (MSI) to the local market. MSI combines investment-grade corporate bonds, high-yield corporate bonds, emerging market bonds and securitised credit in a single portfolio. ... |
| | | | Diverger acquired a stake in Melbourne-based Paragem advice firm Atkinson Saynor Private Wealth, using its transitional equity model. Earlier in the year, the firm highlighted the importance of more transformational transactions and said this would ... |
| | | | After almost a decade in partnership, HESTA has opted against renewing its administration services mandate with Link Group. Link first signed HESTA as a client nine years ago, with the most recent contract renewal coming in August 2020 for a three-year ... |
| | | | MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ... |
| | | | Financial advisers have welcomed the elimination of many back-office inefficiencies under the federal government's adoption of the Quality of Advice Review recommendations. Some of the QAR recommendations assistant treasurer Stephen Jones flagged ... |
| | | | Allianz Retire+ has appointed a national platform and research relationship manager, while also making a raft of high-profile appointments to its Retirement Advisory Board. Joining the Allianz Retire+ team as national platform and research relationship ... |
| | | | Despite the current environment, Australian university graduates are generally upbeat about their job prospects, even more so than they were in 2021. Among the most confident are those looking for a role in finance, the CFA Institute found. According ... |
| | | | The federal government will scrap a load of administrative burdens and give superannuation funds a larger role in making financial advice more affordable as it announces which out of the 22 Quality of Advice Review recommendations will become a reality ... |
| | | | Inflation is a looming threat to retirement incomes, so it's no surprise financial advisers are rotating toward more dynamic strategies. According to a report penned by Challenger and Ensombl, inflation is fast becoming the number one threat to ... |
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