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| | | Cbus and MUFG Retirement Solutions have reached a settlement relating to "unacceptable delays" in the processing and payment of death benefit and insurance claims made by Cbus members and claimants. MUFG said it "sincerely apologises to Cbus and its ... |
| | | | Macquarie is removing funds from dozens of managers from its superannuation investment menu on the Wrap platform. For some, Macquarie said the decision comes down to a lack of investor interest in the offerings. For others, it said it was the decision ... |
| | | | The Australian Financial Complaints Authority (AFCA) has completed its latest update of the AFCA Datacube, which makes data on complaints publicly accessible to consumers and financial firms. The latest update provides data on complaints made within ... |
| | | | In response to mounting interest from the local market, Avantis Investors has entered the ETF scene with three active offerings. Avantis Investors, a subsidiary of American Century Investments, has launched the Avantis Small Cap Value Active ETF (AVTS) ... |
| | | | Centuria Bass has appointed David Giffin as chief executive, with Yehuda Gottlieb taking the deputy chief executive role. Giffin joined the business in mid-2024 and has more than 20 years of experience in private lending markets, holding senior positions ... |
| | | | Registrable superannuation entities (RSEs) must do more to ensure asset valuations in financial reports are reliable and improve disclosure of sponsorship and advertising expenses. Those are two key outcomes of an ASIC review into the financial reporting ... |
| | | | Allspring Global Investments has announced Jeremy Gordon will be the head of sales for Australia and New Zealand, leading its new Sydney office. Gordon brings over 25 years of experience in the funds management industry to the role. He previously spent ... |
| | | | ASIC issued two infringement notices to the industry fund for misleading statements it made after charging more than 2000 members for insurance cover they were not supposed to have. The regulator said Rest made false or misleading representations in ... |
| | | | About three years ago, robo-advisers, one by one, began dropping like flies. The likes of Six Park, Upstreet and Advice Intelligence either folded or were acquired. Even Ellerston Capital's ethically based robo-adviser, which launched in early 2023 ... |
| | | | The Australian Financial Complaints Authority (AFCA) has reinstated United Global Capital's (UGC) membership until 31 March 2026, to ensure consumers can lodge complaints regarding Shield and First Guardian Master Fund. UGC was expelled from AFCA membership ... |
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