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ASIC sues Binance for consumer protection failures

AFSL hit with $11m penalty over conflicted remuneration

Mike Taylor 24 April 2025

A financial planning licensee has been hit with a $11,030,000 Federal Court penalty after it was found to have breached conflicted remuneration rules and its advisers provided inappropriate ‘cookie cutter’ advice.

ASIC said that DOD Bookkeeping which is in liquidation previously trading as Equiti Financial Services Pty had been the…

Boardroom table

Super funds want seats at payday super table

Mike Taylor 24 April 2025

Australia’s major superannuation funds and lobby groups want a seat at the table in overseeing the implementation of the pay day superannuation regime earmarked for implementation by the middle of next year.

The Federal Treasury is being urged to establish a Payday Super Advisory Council which would be made up…

Funds Management

Volatility impacts Insignia’s FUMA

Mike Taylor 24 April 2025 No Comments

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 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 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 No Comments

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

INDUSTRY NEWS

Trade, tariffs, and the market response

Financial Newswire Contributor 21 April 2025 No Comments

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

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.

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

Financial Newswire Contributor 20 February 2025 No Comments

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

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

Mike Taylor 23 April 2025 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 No Comments

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

ECB cuts policy rates

ECB makes sixth successive rate cut – expect more to come

Patrick Buncsi 23 April 2025 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

Alex_Ordon

Coller Capital grows Australian presence with senior appointment

Yasmine Raso 23 April 2025 No Comments

Coller Capital has welcomed Alexander Ordon to its private wealth business channel as Director, Australia and New Zealand.

First Sentier extends services deal with Northern Trust

Rose Partners continues expansion plans with MSI Taylor deal

Yasmine Raso 23 April 2025 No Comments

AZ NGA-backed Rose Partners has continued its national expansion efforts by securing a new partnership with Queensland-based MSI Taylor.

Investment confidence

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

Patrick Buncsi 23 April 2025 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 No Comments

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

Sold sign

Iress completes transformation with sale of QuantHouse

Mike Taylor 22 April 2025 No Comments

Iress has completed its transformation program with the sale of its European asset, QuantHouse to Vienna-based BAHA Tech Holdings.