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|Digital advice technology provider Ignition Advice has appointed a business development director for APAC, as it grows its global team. Rob Coulter will step into the role, joining from the Association of Financial Advisers where he was general manager ...|
|Citi has overhauled its wealth management business, bringing together its global consumer banking and institutional client operations. Citi Global Wealth will unify wealth management teams in global consumer banking and the institutional clients group ...|
|Commonwealth Superannuation Corporation (CSC) has announced a new partnership, designed to support Australians suffering with mental ill-health. The $50 billion super fund for government employees has partnered with Lifeline Australia. The three-year ...|
|A Bitcoin portfolio worth approximately $280 million could be lost forever, as its owner struggles to remember his password. Stefan Thomas, a developer based in San Francisco, remains unable to access his Bitcoin wallet. He said the incident is "a painful ...|
|Future Super, the $1 billion ethical retail fund, has shared how its deidentified recruitment has helped boost diversity - after mixed results last year. Future Super head of group strategy Veronica Sherwood-Meares said on LinkedIn that Future Super ...|
|Industry Super Australia says a failure to make the planned increase of the super guarantee to 12% compulsory is a "tax grab" by the government. According to ISA, making the increase to 12% optional will result in the average Australian family paying ...|
|The number of financial advisers licensed by AMP dropped dramatically in 2020, with the institution no longer the largest AFSL in the country by number of advisers. The largest AFSL is now the SMSF Adviser Network which had 839 advisers as at 31 December ...|
|Australian banks have taken the inauspicious title of second most fined in the world for 2020, according to new data. The research from Finbold found that US banks had to pay the most in fines of anywhere in the world - with 12 fines against US banks ...|
|With the window to complete the FASEA exam narrowing, financial advisers are being urged to maximise the number of attempts they make. In correspondence with the Association of Independently Owned Financial Professionals (AIOFP), FASEA chief executive ...|
|Hostplus has terminated an Australian equities mandate with a Franklin Templeton subsidiary. Balanced Equity Management is a wholly owned subsidiary of Franklin Templeton Investments Australia with approximately $8 billion in funds under management. ...|
IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.
Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform.
PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight.
Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this.
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