ASIC reveals increased levy estimate for advisers
The corporate regulator has announced its cost recovery implementation statement for FY23, which estimates a $3217 per adviser figure in addition to the $1500 flat fee.
June 28, 2023
Russia’s invasion of Ukraine proves the West is not in decline: Kotkin
The Ukraine invasion is an epic tragedy but also an opportunity for the West to re-discover its values and restore neglected relationships with much of the world, according to Professor Stephen Kotkin, an American historian, academic and author.
June 28, 2023
AustralianSuper promotes international investments head to deputy CIO
AustralianSuper has promoted head of international investments Damian Moloney to the role of deputy CIO, effective 1 July.
June 28, 2023
Merger of two Adelaide Count advisory firms
Adelaide-based advisory firms, Crosby Dalwood and Warnecke & Co, will merge and be rebranded as Count Adelaide from July 2023.
June 28, 2023
Jones warned by advisers on intrafund advice expansion
While advisers have welcomed the cutting of red tape for their businesses, the Minister for Financial Services has been warned of unintended consequences if intrafund advice is expanded.
June 27, 2023
Half of advisers authorised to write MyNorth Lifetime: AMP
Around 50 per cent of Australian advisers are now authorised to write MyNorth Lifetime under their approved product lists and Lifetime accounts have been written by advisers operating under more than 30 different licensees.
June 27, 2023
Treasury argues advisers benefit from funding unlicensed provider enforcement
A Treasury review of ASIC’s cost recovery mechanism has recommended advisers remain on the hook for malfeasance by unlicensed providers. The report argues it is the advice sector that benefits from this enforcement.
June 27, 2023
MSC appointed by abrdn for trusteeship
MSC Trustees has been selected by global investment manager abrdn to assume trusteeship and responsible entity duties across its Australian fund book.
June 27, 2023
Government to end ASIC levy freeze
After releasing the final report of the ASIC Industry Funding Model, the government has decided to end the ASIC levy freeze put in place in 2021.
June 26, 2023
Insurance industry hampered by participation slump
The risk insurance industry is grappling with an attraction problem, and it will take more than an education carve-out to solve the underinsurance conundrum.
June 26, 2023
