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Showing 491 - 500 of 3933 results for "USI"

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
A former financial adviser is facing several charges of dishonest conduct and dealing in proceeds of crime after he convinced clients to open SMSFs to invest in businesses he owned, all while operating unlicensed. Ashley Vincent Arandez fronted the ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
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 ...

Fraudulent property director charged

CHLOE WALKER  |  TUESDAY, 6 JUN 2023
Michael David Steele has been charged with seven counts of fraud after he misled 14 investors into using their superannuation and other savings to invest a property development. Following an investigation, ASIC is alleging that between May 2016 and ...

JPMorgan developing investment advice AI

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
JPMorgan has filed a trademark for an AI-powered investment advisory tool, IndexGPT. It's envisioned IndexGPT will harness the power of "cloud computing software using artificial intelligence" to analyse and select securities that are tailored to ...

Spirit Super rectifies regulatory breach

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
Spirit Super has corrected a non-compliance issue, amending its process for monitoring the use of reserves to cover expenses that exceed the fees and costs charged to members. Last month, the industry fund acknowledged that it had inadvertently omitted ...

Former industry execs launch analytics firm

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2023
A new superannuation and investment analytics firm has officially launched, with a few familiar faces at its helm. In the works for some time, Jefferson & Shea Analytics brings together David Braga, Raewyn Williams and Peter Murphy, and offers a fee ...

Income Asset Management buys credit fund

CHLOE WALKER  |  THURSDAY, 25 MAY 2023
Sydney-based Income Asset Management Group (IAM) has acquired River Capital Liquid Credit Fund and credit mandate for $72 million. It also divested its 25% stake in Fortlake Asset Management. The River Capital Liquid Credit Fund is a high conviction ...

Sony to list financial services business

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
Sony is set to partially spin-off its financial services arm, a diversified unit operating in life insurance, banking and venture capital. Sony Financial Group Inc (SFGI), which operates in life and non-life insurance, banking, nursing care and venture ...

Consulting triopoly dominates NFP super

JAMIE WILLIAMSON  |  WEDNESDAY, 24 MAY 2023
Australia's top three asset consultants dominate the not-for-profit superannuation sector, serving 84% of the market. According to Rainmaker Information, JANA, Frontier and Willis Towers Watson (WTW) now control 84% of the advised NFP superannuation ...

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
There are concerns that the proposed experience pathway legislation could create two tiers of financial advisers and confuse consumers about who is and isn't qualified to provide advice. As Treasury mulls over finalising education standards for ...