Developing an Edge: CFS unveils new platform
CFS’ new platform, CFS Edge, will launch in 2023, with some industry insiders invited for a sneak peak at the Sydney Opera House. Integration and customisation is the focus with the new platform aiming to lead the market in incorporating third-party fintechs.
November 23, 2022
Advisers expect existing tech to handle regulatory obligations
Only one in three advice practices are planning to increase spending in regtech, with most practices expecting existing technology to handle regulatory obligations, according to research from Netwealth.
November 22, 2022
GQG added to CFS platform
The GQG Partners Wholesale Global Equity Fund is now available on the CFS FirstChoice platform.
November 22, 2022
‘Buy now, pay later’ consultation open
The government has commenced a consultation process for regulating ‘Buy Now, Pay Later’ (BNPL) products.
November 22, 2022
Gender diversity a priority for fund managers
The 2022 Financial Services Council (FSC) Diversity Survey found 20 of its global and domestic fund manager members want to improve diversity in investment teams.
November 22, 2022
Fortnum launches business optimisation service
Australian financial services licensee Fortnum Private Wealth has launched a business optimisation service to help advisers materially improve their businesses’ quality, profitability, and capital value.
November 22, 2022
‘Dangerous policy position to take’: The line in the sand over risk commissions
Consumer groups are pressuring the advice review and government to end any remaining forms of commissions in the industry. Leaders in risk advice argue it could decimate the industry and take away choice from consumers.
November 21, 2022
Silver linings playbook for the advice industry
Glass half full or half empty? Christopher Mather writes any negative occurrences of the Quality of Advice Review could end up having a positive outcomes for the profession.
November 21, 2022
Stonepeak and Spirit Super acquire GeelongPort
Alternative investment firm Stonepeak and Australian industry super fund Spirit Super have acquired GeelongPort, Victoria’s second-largest port and a significant driver of the state’s economy.
November 21, 2022
ASIC places interim stop orders placed on MPG property trusts
The corporate regulator has made interim stop orders preventing MPG Funds Management (MPG) from offering or distributing two trusts to retail investors because of deficient target market determinations (TMDs).
November 21, 2022
CFS launches sustainable growth fund
Colonial First State (CFS) has released ‘Thrive+’, a new sustainable growth fund to help people invest in a more sustainable way that better aligns with their values and objectives.
November 21, 2022
Perpetual head of equities resigns
Perpetual head of equities Paul Skamvougeras has resigned and will be replaced by Vince Pezzullo.
November 21, 2022
