Weekly economic and market update – week ending 27 July, 2022

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Investment markets and key developments The bounce back in shares continued over the last week on hopes that slowing growth will see central banks ease up on the pace of... Read more continue reading

Bell Direct appoints Grady Wulff as Market Analyst 

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Bell Direct has announced the appointment of Grady Wulff as Market Analyst, enhancing the online broker’s award-winning offering for clients. Based in Sydney, Ms Wulff will be responsible for providing... Read more continue reading

Adrian Hondros appointed to Count Financial Board

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Count Financial has announced that Adrian Hondros has been appointed as its newest Director. Mr Hondros brings 35 years of corporate experience to the role, along with a proven track... Read more continue reading

ASIC Annual Forum registrations open

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Registrations are now open for the ASIC Annual Forum and Dinner to be held on 3–4 November 2022. ASIC Chair Joe Longo said, ‘This will be the first ASIC Annual... Read more continue reading

Latest advice complaints data highlights rapid professionalisation of the sector, says FPA

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The latest data on financial advice complaints is an encouraging development for the profession, and is clear evidence of the high quality of financial advice consumers are receiving from financial... Read more continue reading

ASIC’s first DDO stop orders to prevent offer of financial products to consumers

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ASIC has placed interim stop orders on three financial firms in response to deficiencies in the target market determination (TMD) for their products. These actions are ASIC’s first use of... Read more continue reading

Are markets too sanguine about interest rates and inflation?

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FOMC opts for another 75bps increment In a clear signal of its determination to vanquish inflation the US Federal Reserve’s FOMC increased rates by 75bps to 2.50%. Such a move... Read more continue reading

SMSF Association appoints a new CEO

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Peter Burgess, the SMSF Association Deputy CEO and Director of Policy & Education, has been appointed Chief Executive Officer, effective March 2023. Burgess will succeed John Maroney who has been CEO since... Read more continue reading

State Street grows alternatives services business in Australia with mandate from Mercury Capital to administer new A$1 billion private equity fund

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State Street Corporation (NYSE:STT) has announced that it has been appointed as fund administrator for the Mercury Capital Fund twenty2. The A$1 billion fund completed its very successful fund raising... Read more continue reading

Financial planners should have the same freedoms as finfluencers

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A side effect of the exodus of financial planners from the profession can only be the rise and rise of the finfluencer – a trend which The Advisers Association (TAA)... Read more continue reading