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ASIC sues Hollard over claims handling failure

Mike Taylor 11 April 2025

Hollard Insurance is being sued by the Australian Securities and Investments Commission over allegations of serious claims handling failures, including taking nearly three years to resolve an issue.

ASIC says it has initiated action in the Federal Court alleging Hollard breached its duty of utmost good faith in handling of…

elder abuse

FAAA questions possible AFCA over-reach

Mike Taylor 11 April 2025

The Financial Advice Association of Australia has questioned why the Australian Financial Complaints Authority (AFCA) believes it has the power to set standards around elder abuse in financial services.

The FAAA has responded to an AFCA consultation on approaches to family violence and elder abuse stating - “it is unclear…

Blame/Shame blocks

ASIC proposes naming AFSLs on breach dashboards

Mike Taylor 11 April 2025 5 Comments

Financial advice licensees are facing being named on new dashboards being proposed by ASIC as part of the breach reporting regime.

adviser comings & goings

Adviser exam graduates boost FAR numbers

Mike Taylor 11 April 2025 One Comment

Financial advisers numbers have been boosted by those who passed the latest financial adviser exam registering on the FAR.

HUB24 Investment platform

HUB24 adds high-profile PMs to entry-level investor platform

Patrick Buncsi 11 April 2025 No Comments

HUB24 has added five new portfolio managers to its entry-level investment solutions platform, Discover.

REITs on the upswing

History says REITs now due for strong uplift: American Century

Yasmine Raso 11 April 2025 No Comments

American Century says there is the strong possibility of an “upswing” in REITs returns given their history, despite current low valuations.

INDUSTRY NEWS

Finding future market leaders today

Financial Newswire Contributor 10 April 2025 No Comments

Small and mid-sized companies are reshaping industries and solving real-world problems. What makes this asset class ripe for strong long-term growth?

Duration’s comeback: A better friend for income and credit

Financial Newswire Contributor 8 April 2025 No Comments

We think it is time for income and credit investors to accept duration back into the friend circle…

The future of equities

Financial Newswire Contributor 10 March 2025 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 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.

Man falling into safety net

Industry funds urge SG inclusion in last resort scheme

Mike Taylor 10 April 2025 One Comment

Amid scrutiny of industry funds over death benefits claims handing, the SMC has urged last resort arrangements for unpaid SG.

Federal Election

No matter which party wins, fixing the CSLR must be priority

Mike Taylor 10 April 2025 No Comments

No matter which of the major parties wins the Federal Election fixing the CLSR has to be a priority says the FAAA.

ASIC fines unregistered advisers

ASIC dishes out $100k in fines for unregistered advisers

Patrick Buncsi 10 April 2025 2 Comments

ASIC has issued nearly $100,000 in fines to three Australian advice firms for providing personal advice through unregistered advisers.

Lighthouse and rough seas

Australian equity market attractive in sea of volatility

Mike Taylor 10 April 2025 No Comments

Australia’s relative political stability and open economy make it a safe haven amid the roiling sea of volatility says Emanuel Datt.

community platform

Iress boosts info-sharing initiative with new contributors added

Yasmine Raso 10 April 2025 No Comments

Iress’ community platform, Advisely, has welcomed 10 new contributors, boosting its financial advice expertise and business knowledge.

Evans & Partners adds ClearBridge’s value fund to ESG investment mix

Patrick Buncsi 10 April 2025 No Comments

Australian investment firm Evans & Partners has added ClearBridge’s Global Value Improvers Fund to its sustainable product list.

Partnership deal

Janus Henderson enters key AM partnership with Guardian Life

Mike Taylor 9 April 2025 No Comments

In what represents a multi-billion dollar opportunity, Janus Henderson will become Guardian Life’s investment grade public fixed income manager.

Under investigation

Sequoia confirms ASIC Interprac Shield Funds scrutiny

Mike Taylor 9 April 2025 10 Comments

Sequoia has formally confirmed that its wholly-owned financial advice subsidiary, Interprac, is exposed to ASIC’s Shield Fund inquiries.