Maple-Brown Abbott gets Future Fund small caps mandate
Maple-Brown Abbott has been chosen by the Future Fund to execute a new Australian active small caps mandate as they selectively pursue alpha-seeking strategies in their $65 billion listed equities program.
September 22, 2023
Federal Court fines NAB $2.1m for unjust banking fees
The Federal Court has ordered NAB to pay a $2.1 million penalty for wrongly charging customers periodic payment fees.
September 22, 2023
APRA announces proposed updates to SPS 515
APRA is updating Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) to drive better outcomes for superannuation members in areas such as trustee expenditure of member funds, management of financial resources, and the transfer of members in and out of funds.
September 21, 2023
ASIC finalised over a thousand AFSL applications in FY23
ASIC finalised over 1000 Australian Financial Service Licensee applications in the last financial year.
September 21, 2023
HESTA welcomes Victoria’s 2024-34 Housing Statement
Industry super fund HESTA has welcomed the Victorian Government’s 2024-34 statement on housing and the partnership approach to foster the conditions necessary to stimulate investment and expedite the construction of high-quality homes.
September 21, 2023
Global housing resilient amid inflation surge: UBS Report
The world’s housing markets have displayed remarkable resilience in the face of a global surge in inflation and interest rates, according to the UBS ‘Global Real Estate Bubble Index 2023’.
September 21, 2023
ASIC sues crypto exchange Kraken for DDO failures
ASIC has commenced civil penalty proceedings in the Federal Court against Bit Trade, the provider of the Kraken cryptocurrency exchange to Australian customers.
September 21, 2023
MLC Life launches adviser discounts
MLC Life Insurance has launched a campaign called “It’s not a miscount” to promote its new business pricing, including discounts that are available to retail customers through their adviser.
September 21, 2023
New adviser registration requirement delayed to 2024
ASIC is extending the date by which financial advisers must be registered to 1 February 2024, due to the relevant legislation being stalled in Parliament.
September 20, 2023
Interactive Brokers pays $832k penalty for ‘negligent’ and ‘reckless’ conduct
Interactive Brokers Australia has paid a penalty of $832,500 to comply with an infringement notice from the Market Disciplinary Panel.
September 20, 2023
iFactFind and Voyant integrate services
Fintech start-up iFactFind and global financial planning technology company Voyant have integrated their tech services to facilitate client data transfer, enhance connectivity, and drive business efficiencies.
September 20, 2023
LFG enters pilot partnership with Risk Hub
Loyalty Financial Group has entered a pilot partnership with Risk Hub, inviting advisers within the Loyalty network to share their experiences and challenges in integrating risk advice.
September 19, 2023
