Are you experienced? (Apologies to Jimi Hendrix)

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While continuing to acknowledge a more positive outlook as far as growth and employment are concerned, the absence of any “lived experience” of price or wage inflation will likely see... Read more continue reading

A New IOOF: MLC acquisition completes

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IOOF Holdings Ltd (IOOF) is pleased to announce the completion of the acquisition of MLC Wealth (MLC) from National Australia Bank Limited (NAB) with effect from 11:59pm on 31 May... Read more continue reading

CountPlus announces investment in Wealth Axis

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CountPlus Limited (CountPlus) has announced a 51% investment in Wealth Axis, a boutique provider of paraplanning, technology and administration support services to financial planning firms across Australia. The acquisition enhances... Read more continue reading

Oil price hits 2-year high

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Private sector credit; Weekly oil market; Inflation gauge; China data What happened? Last week global crude oil prices rose by over 4 per cent to the highest levels in more... Read more continue reading

Weekly market update – week ending 28 may, 2021

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Investment markets and key developments over the past week Global share markets rebounded over the last week as inflation fears faded a bit and economic data indicated that the recovery... Read more continue reading

Strength in numbers: FPA’s national roadshows support members with advocacy and new risk advice guidance

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The Financial Planning Association of Australia (FPA) has almost rounded off its national roadshows, actively supporting the profession to manage evolving legislation including the launch of new guidance on providing... Read more continue reading

Further work needed on draft Your Future, Your Super regulations

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The Actuaries Institute has welcomed the federal Government’s draft Your Future, Your Super reforms, but warns there are fundamental problems with some of the key proposed regulations, including the test... Read more continue reading

UK wealth manager appoints Ignition for digital advice offering

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UK wealth manager M&G Wealth has appointed Ignition Advice for delivery of its digital advice offering for its advisers and customers which will automate areas such as fact find, suitability... Read more continue reading

Franklin Australian Absolute Return Bond Fund hits $1bn in assets

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Franklin Templeton, one of the world’s largest investment managers, today announced that the Franklin Australian Absolute Return Bond Fund has passed a significant milestone, attracting $1 billion of funds under management... Read more continue reading

Pendal Group joins Calastone for automated fund order processing

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Calastone, the largest global funds network, has deepened its connectivity with independent global investment manager Pendal Group to provide automated processing of fund orders via its Order Routing solution. Pendal... Read more continue reading