CommSec State of the States – May 2023

From

Overall results How are Australia’s states and territories performing? Each quarter CommSec attempts to find out which state or territory is Australia’s economic leader. Now in its 14th year, the... Read more continue reading

RBA “path” gets a little wider

From

Reserve Bank of Australia (RBA) Governor Philip Lowe and his fellow Board members have had a torrid time of late. In that context, last Wednesday’s March quarter consumer price index... Read more continue reading

Adviser Ratings’ Landscape Report showcases the profession’s revival

From

Australia’s most comprehensive snapshot of the wealth management industry, the Adviser Ratings Landscape Report, shows the advice profession is finally experiencing renewal after years of setbacks. For the first time in... Read more continue reading

Gerard Brody joins AFCA board

From

The Australian Financial Complaints Authority (AFCA) has announced the appointment of the former chief executive of the Consumer Action Law Centre, Gerard Brody, to its independent board. His appointment is... Read more continue reading

ASIC releases updated guidance for licensees on reportable situations

From

ASIC has released updated guidance for industry on making notifications to ASIC under the reportable situations regime (formerly breach reporting). The updates to Regulatory Guide 78 Breach reporting by AFS licensees and... Read more continue reading

MLC Asset Management, Managed Account Strategies reach $1 billion milestone

From

MLC Asset Management’s (MLC[1]) Managed Account Strategies have surpassed $1 billion in funds under management (FUM) in less than three years since inception. Designed to suit a range of needs,... Read more continue reading

Lumiant acquires Genivity to guide clients on lifestyle, longevity, and legacy choices

From

Lumiant, an advice and client engagement platform that empowers advisors to connect with clients and families around their lives, values, and finances, has announced the acquisition of Genivity, a longevity... Read more continue reading

Contracting markets bring SMSF returns to the fore

From

Self-managed super funds (SMSFs) outperformed APRA funds when markets were contracting in the 2019/20 financial year and underperformed APRA funds in the bull market conditions of the 2020/21 financial year.... Read more continue reading

Australians want more ways to generate income in retirement

From

Australians are increasingly relying on income from super and other investments to fund their retirement. While many may turn to the familiarity of shares and term deposits, a new report... Read more continue reading

Janus Henderson secures new talent to Australian Fixed Interest team

From

Janus Henderson has bolstered its highly regarded Australian Fixed Interest team with the appointment of Emma Lawson as Fixed Interest Strategist – Macroeconomics. Emma joins a fully resourced team led... Read more continue reading