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| | | Departing ASIC chair Joe Longo said the most effective way to tackle unscrupulous actors in lead generation activity would be to stop it at the source and ban all unlicensed communications. Speaking at the Financial Counselling Australia conference ... |
| | | | BNP Paribas has appointed Gary O'Brien as head of financial intermediaries and corporates (FI&C) client line for securities services in Asia Pacific, effective immediately. Based in Australia, O'Brien will report to Franck Dubois, head of Asia Pacific ... |
| | | | The cost of insurance for most HESTA members is dropping across all cover types by an average of 12%. From July 1, members will pay less for the same level of death, total and permanent disability (TPD), and income protection cover. On average, the ... |
| | | | First Sentier has launched a new active cash exchange-traded fund on the ASX, responding to strong investor demand for defensive and income-focused strategies. The First Sentier Active Cash Fund Active ETF, trading under ticker FSCF, provides investors ... |
| | | | Ten Cap has appointed a new head of distribution, effective May 11. Joe Cheika, joining from Colonial First State, has been appointed to the newly created role. He will be based in Sydney and will report to chief executive Jason Todd. Cheika is Ten ... |
| | | | New data shows more self-managed super funds (SMSFs) are rapidly adopting digital assets in their portfolios, but SMSF Association chief executive Peter Burgess said it isn't a worry to him if all entities remain compliant under their respective ... |
| | | | The Reserve Bank of Australia (RBA) hiked interest rates by 0.25% at the May meeting, bringing the official cash rate to 4.35%. This hike has now fully reversed the 75bps of cuts delivered last year and the cash rate is now in-line with its peak during ... |
| | | | DigiCo - HMC Capital's infrastructure REIT - has offloaded a Chicago-based asset for just over $1 billion (US$750m) at a 5% premium, increasing its liquidity to around $900 million. This comes after DigiCo was forced to withdraw its application for ... |
| | | | Northern Trust has appointed David Sara as regional head of industry development for Asia Pacific, as the custodian looks to deepen engagement with asset owners and accelerate growth across the region. Based in Melbourne, Sara will focus on strengthening ... |
| | | | Australia's support income system is facing significant strain, with a sharp rise in people unable to work due to illness or injury, particularly mental health conditions. New research commissioned by the Council of Australian Life Insurers (CALI) ... |
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