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 ...

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 ...

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 ...

According to the Melbourne-based asset manager, she has been instrumental in the evolution of the business, particularly in 2020 when K2 sought to diversify revenue streams to drive a return to ...

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 ...

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 ...

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 ...

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 ...

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 ...

Global asset and wealth management is expected to see further M&A activity this year, with deal values in Asia-Pacific rising more than 70 per cent in 2024, according to PwC. The professional services ...

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 ...