The levy payable by financial advisers for the Compensation Scheme of Last Resort (CSLR) has more than tripled for FY26 as the government launches a formal review. Initial estimates put the FY26 levy ...

Assistant Treasurer and Financial Services Minister Stephen Jones has announced he will step down from the ministry when the federal election is called. In a statement on 30 January, Jones announced ...

Endeavor Asset Management has added 24 financial advisers to its AFSL, with overall adviser numbers rising by more than a dozen this week. In the week ending 30 January, Wealth Data recorded a net ...

Australian advised clients are the most eager among global peers to invest in private markets, with their knowledge of the asset class also being higher. The investment firm’s annual Global Private ...

Perpetual has fallen back into outflows in the second quarter of FY25, with redemptions concentrated in J O Hambro and Pendal. In its quarterly update for the three months to 31 December, the fund ...

The Australian Financial Complaints Authority (AFCA) has confirmed its chief operating officer, Justin Untersteiner, will be departing in March. Untersteiner first joined AFCA as its COO in December ...

The financial advice industry has reacted to the retirement of Stephen Jones as minister for financial services, recognising his efforts on scams and financial reforms. It was announced on 30 January ...

Magellan has announced a raft of management changes including the departure of head of investments Gerald Stack after 18 years. In an ASX update, the fund manager announced a series of executive ...

The emergence of DeepSeek, a Chinese artificial intelligence (AI) start-up that claims to have built an advanced large language model in just two months for under US$6 million, sent shockwaves through ...

One of the most significant surprises of 2024 was the plan announced by the Australian Prudential Regulation Authority’s (APRA) to phase out AT1 hybrids issued by banks. This change raises a number of ...

Managed investment platform DomaCom has strengthened its leadership capability with a flurry of executive hires and internal promotions. According to DomaCom, the numerous appointments will drive the ...

Franklin Templeton is to get rid of its Martin Currie branding and fold them into the wider Franklin Templeton Group. The firm acquired the global equity player in 2020 as part of its acquisition of ...