AMP agrees to $110m settlement in shareholder class action
AMP has agreed to settle the shareholder class action brought after the Hayne royal commission in 2018 for $110 million.
August 21, 2023
CFS strengthens investment team
Colonial First State has appointed John Iles and Al Clark as head of cash management and derivatives, and head of investments, respectively.
August 21, 2023
Zenith CEO steps aside
Zenith Investment Partners chief executive David Wright will step down from his role at the end of year and transition to the role of investment director.
August 21, 2023
The frustrating renewal process that opened the door
Driven by discontent stemming from complexity and high costs, LifeBid is working to change the realm of life insurance. It has partnered with crowdfunding platform Stride Equity, whose own CEO had been disgruntled by her own negative experience trying to renew a life insurance policy.
August 18, 2023
ASIC announces several leadership changes
ASIC has made several executive appointments to its leadership team across markets supervision and small business enforcement.
August 18, 2023
‘Starting small’: Digital hub aims to grow depleted risk advice sector
Despite what looks like a core market of only a couple of hundred advisers, Risk Hub founder Marc Fabris believes the demand for risk advice can grow and the specialisation may one day no longer be investment advice’s “poor cousin”.
August 17, 2023
ASIC loses appeal in CBA conflicted rem case
Almost a year after the previous case was dismissed, the Federal Court has once again found in favour of CBA and CFS over alleged breaches of conflicted remuneration laws that was a case study of the Hayne royal commission.
August 17, 2023
ART aims to double sustainable investments team
Industry super fund Australian Retirement Trust is aiming to double the size of its sustainable investments team, with eight new roles planned.
August 17, 2023
Former ASFA head picks up MD role at Accenture
Former Association of Superannuation Funds of Australia CEO Martin Fahy has joined technology and consultancy group Accenture as managing director for strategy and consulting.
August 17, 2023
Clime deal paves way for $8b Godfrey Pembroke-Madison tie-up
Clime Investment Management has struck a non-binding agreement with Practice Development Group, the entity representing Godfrey Pembroke advisers, to form a new $8 billion alliance with its Madison subsidiary. The deal poses questions for Insignia Financial, which announced last month it would sell Godfrey Pembroke to aligned advisers.
August 16, 2023
‘Big problem there’: GBST leverages Advice Intelligence for insto advice needs
The expectation that super funds help solve the financial advice gap after the Quality of Advice Review is partly behind global fintech GBST’s takeover of struggling local digital adviser Advice Intelligence.
August 16, 2023
