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|The leaders of major organisations will travel less and accelerate digital transformation ahead of other investments thanks to the way COVID-19 has disrupted operations, a Westpac survey found.|
|ClearView Wealth has adopted Munich Re's digital platform to streamline the underwriting process and manage compliance obligations.|
|After Monday's outage, the ASX was in trouble again yesterday as its Centre Point matching system closed off participants from using Chi-X bids and offers.|
|InPayTech has entered into a merger agreement to acquire 100% of Comply Path as a wholly owned subsidiary.|
|Fidelity Investments has launched a one-stop-shop wealth management platform that helps investment advisers streamline the advice and portfolio construction process.|
|The ASX equity market paused trading this morning, and will not open until tomorrow morning.|
|NAB Asset Servicing has signed up to State-Street-owned Charles River Development for compliance monitoring, oversight and reporting.|
|Managed accounts platform HUB24 and wealth management software myprosperity have partnered to allow financial advisers who use both platforms to access digital signature functionality.|
|Iress has delivered a strong revenue performance in the third quarter in Australia driven by financial advice and super which was up 12%, and secured several new mandates in the process.|
|The Reserve Bank of Australia has announced a partnership with a consortium of financial institutions and a blockchain technology company to develop a wholesale central bank digital currency (CBDC) using distributed ledger technology (DLT) for settlement.|
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After four months of due diligence, the two super funds have confirmed they will merge before the end of the year.
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The $179 billion sovereign wealth fund has promoted internally to appoint a deputy chief investment officer for portfolio strategy.
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The alarming rate that financial advice is increasingly becoming unaffordable for everyday Australians further cements the position of the rich and powerful, an inquiry heard this morning.
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The Sydney multi-boutique has appointed a Queensland-based distribution director, hiring from GSFM.
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