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AFSL hit with $11m penalty over conflicted remuneration

AFSL hit with $11m penalty over conflicted remuneration

A financial planning licensee has been hit with an $11m Federal Court penalty over conflicted remuneration and cookie cutter advice.
Super funds want seats at payday super table

Super funds want seats at payday super table

Australia's major superannuation funds and lobby groups want a seat at the planning table for the 2026 implementation of pay day super.
Volatility impacts Insignia’s FUMA

Volatility impacts Insignia’s FUMA

Insignia Financial's third quarter update has confirmed the FUMA impact of recent US tariff-driven market volatility.
CoreLogic housing affordability

Housing never less affordable

Mike Taylor 24 April 2025

Investment

2 Comments

There is a good reason why housing affordability is a top election issue – housing in Australia has rarely been less affordable than now.

Separation Hand dividing blocks

Macquarie AM sale ‘unlikely’ to affect group ratings: Fitch Ratings

Yasmine Raso 24 April 2025

Funds Management

No Comments

Fitch Ratings says Macquarie Group’s ratings should not be affected by the sale of its US and European asset management business to Nomura.

CFS launches international managed accounts on Edge

Langdon expands global footprint of small caps strategy

Yasmine Raso 24 April 2025

Funds Management

No Comments

Boutique small cap manager Langdon Equity Partners has grown the market presence of its proprietary strategy across three key regions.

Australian mining

Saudi alts manager expands into Australian private credit

Patrick Buncsi 24 April 2025

Funds Management

No Comments

Saudi alts specialist Sidra Capital has launched a new private credit investment fund focused on Australia’s mining and energy sector.

Managed accounts

Scaling advice identified as managed accounts challenge

Mike Taylor 23 April 2025

Funds Management

No Comments

A new report from Zenith has validated the firm’s investment in managed accounts confirming the continued embrace of the products by advisers.

Macquarie AM $2.8b sale of US and Euro business to Nomura

Mike Taylor 23 April 2025

Funds Management

No Comments

In what represents a signal transaction, Macquarie Asset Management has sold its US and European public asset management business to Nomura.

Global acquisition

Prime acquires Lincoln Indicators

Mike Taylor 23 April 2025

Investment

No Comments

Prime Financial Group has moved to expand its reach into the high net worth wealth segment via the acquisition of LIncoln Indicators.


INDUSTRY NEWS

Trade, tariffs, and the market response

Financial Newswire Contributor 21 April 2025

Industry News

No Comments

Global markets have been rattled following proposed tariff implementations. Fidelity experts weigh in across asset classes and lay out their thinking

Thinking Local, Winning Global – Unit Registry as a Strategic Advantage

Financial Newswire Contributor 20 February 2025

Industry News

No Comments

 Unlock the potential of unit registry to streamline operations, strengthen investor relationships and transform data into a powerful tool for growth 

The future of equities

Financial Newswire Contributor 10 March 2025

Industry News

No Comments

Find out what Loomis Sayles’ Aziz Hamzaogullari had to say about the future of equities in our Next Decade Investing white paper.

Protect their futures. Grow your business. 

Financial Newswire Contributor 1 March 2025

Industry News

No Comments

By combining MLC Life Insurance’s 138-year history with the support of Nippon Life, Acenda will continue to offer competitive and innovative cover.


Hourglass

Financial adviser numbers stand at 15,610

Mike Taylor 22 April 2025

Financial Planning

No Comments

Financial adviser numbers on the FAR have grown by 134 this year to 15,610 revealing just how slow a return to pre-2018 numbers will be.

Daniel Mulino

Is Mulino ALP’s next Financial Services pick?

Mike Taylor 17 April 2025

Financial Planning

3 Comments

WIth a PhD in economics and a policy background, Daniel Mulino, is being viewed as the ALP’s likely next financial services portfolio pick.

Australian flag with stock ticker

Financial services want bipartisan policy common sense

Mike Taylor 17 April 2025

Financial Planning

No Comments

The major political parties are being urged by the financial services sector to deliver common sense and policy certainty.

Chant West March25

Super diversification blunts Trump tariff impact

Mike Taylor 22 April 2025

Superannuation

No Comments

Despite the volatility and rhetoric the latest analysis of superannuation fund returns suggest there is little reason for members to panic.

annuities

Challenger and NGS Super in annuity partnership

Mike Taylor 16 April 2025

Superannuation

No Comments

Barely a week after TAL took a 15.1% stake in Challenger the company has inked another annuities deal, this time with NGS Super.

Brand

Industry funds urge super onboarding advertising limits

Mike Taylor 15 April 2025

Superannuation

3 Comments

Industry superannuation funds want only funds which have passed the MySuper performance test to be able to advertise to attract new members.

ECB cuts policy rates

ECB makes sixth successive rate cut – expect more to come

Patrick Buncsi 23 April 2025

Investment

No Comments

Europe’s central bank has cut its policy rate for the sixth successive time as Trump’s trade policies cast a pall over the continent’s revival hopes

Investment confidence

Australian investors fret over Trump’s trade spats, but many hold firm

Patrick Buncsi 23 April 2025

Investment

No Comments

While there is overwhelming unease regarding the US’s trade policies, most Australian investors remain unmoved in their asset allocations.

Mergers and acquisitions

Selfwealth shareholders back Syfe takeover

Staff Writer 23 April 2025

Investment

No Comments

Selfwealth shareholders have voted overwhelmingly to accept the takeover bid from Syfe with the transaction to complete next month.