APRA has announced eight proposals aimed at pushing entities, including super funds, to move beyond treating compliance with certain requirements as a mere box-ticking exercise. In a statement on ...

Magellan Financial Group reported outflows of $0.5 billion in February but saw a slight increase in its infrastructure division despite the exit of head Gerald Stack. In an ASX update, the firm said ...

Milford is set to launch an Australian equity, a global equity, and a corporate bond fund this year. This follows a consultation period with financial advisers last year to determine where Milford ...

The ASIC chair has reiterated that while cryptocurrency is “highly speculative” and risky, it is not illegal. Speaking at Senate estimates last week, ASIC chair Joe Longo stated that while he believes ...

The Federal Court has made interim orders to freeze the assets of a managed investment scheme, its responsible entity, and a director. The Australian Securities and Investments Commission (ASIC) has ...

State Street predicts that at least three global asset managers, each managing over US$100 billion, will enter the Australian ETF market this year. The global exchange-traded fund (ETF) service ...

Minister for Finance Katy Gallagher last week warned that multinational firms dropping DEI practices to comply with US President Trump’s executive orders could jeopardise their compliance with ...

The ASX-listed company has reported significant FUM growth in 2024, fuelled by strong investment bond sales and the strategic acquisitions. Generation Life closed calendar year 2024 with $3.8 billion ...

The index providers’ report, Emerging Trends in Wealth Management, surveyed 220 wealth management professionals globally on the state and future direction of the industry. This found over ...

The event, which saw key representatives from superannuation funds, investment managers and peak bodies, was designed to position Australia’s super system as a key player in global finance. The summit ...

A $27 million fine imposed on AustralianSuper has raised concerns over ASIC’s approach to penalties, with a senator questioning whether the regulator’s decision to impose a lower fine reflects the ...

Platinum Asset Management has seen its profits halve in the first half of FY2024–25 to $15.9 million as it announces a major investment team shake-up. Funds under management (FUM) were $11.1 billion, ...