The Financial Advice Association Australia (FAAA) has appointed two new directors to its board.
Ausbil Investment Management has shuttered its Long Short Focus Fund, with $27 million in funds under management (FUM).
As more Australians enter retirement, the phase increasingly resembles a 'distinct' economic life cycle, making better retirement planning essential rather than just an opportunity for financial advisers.
AustralianSuper, Aware Super and Australian Retirement Trust are among the superannuation funds joining a new advisory group established by the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC) to help shape the development of tokenised in wholesale financial markets.
Australia's inflation rose to 4.3% in the 12 months to September, according to the latest data from the Australian Bureau of Statistics (ABS).
Tokenisation, lightning-speed settlement and expanded hours are at the forefront of innovation, clearly disrupting how traditional finance operates. Is the back office prepared for the revolution underway?
ASIC is proposing to keep a tax advice carve-out for licensees for another five years, allowing advisers and accountants to comment on the tax implications of financial products that fall outside their AFSL, provided they give clients a written warning.
The European Central Bank (ECB) is preparing for a leadership change early next year, with its president set to depart before the end of Christine Lagarde's current term.
Pallas Capital has created a global head of capital role as the private credit manager looks to expand its institutional investor base in Australia and overseas, hiring from Qualitas.
Looking ahead to 2027, JPMAM believes the fixed income market is full of potential despite earlier concerns of a global recession.
Challenger will continue to engage with TAL Daiichi Life to get a better offer price, after it rejected the takeover bid earlier this week, stating the offer falls short of a level it could recommend to shareholders.
North Korea has been accused of being the culprit behind the $9 billion (US$6.3bn) cryptocurrency heist from global digital asset platform Binance that took place last week.
Despite a stellar run, JPMAM chief investment officer of US core equities Hamilton Reiner says US equities may be undervalued despite AI concentration concerns.
J.P. Morgan Asset Management sees growing demand from ultra-high-net-worth individuals in Australia, second only to superannuation funds.
Life insurers are being urged to request information earlier and improve communication with customers to prevent avoidable delays in claims decisions, following an industry review that found repeated gaps in the handling of longer-running claims.
