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21 October 2022 • By Jon Bragg • 1 min read

‘Challenging’ investment markets impact AMP’s AUM

The wealth management and banking business has issued a quarterly update.  AMP has reported declines in assets under management (AUM) across both ...

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Another fund manager in hot water amid ASIC DDO crackdown

The regulator has placed an interim stop order on an income fund. On Friday, ASIC announced it has made an interim stop order preventing Westlawn ...

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Magellan plots comeback, says it will regain global standing in 5 years

Magellan plans to regain its global standing in five years’ time through improved, research-led performance. Speaking at the firm’s annual general ...

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Size matters in superannuation, outgoing APRA chair says in final speech

According to the outgoing APRA chair, the evidence is clear that size in the super sector “helps deliver better member outcomes”. In his last ...

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Challenger offloads banking arm to NZ’s Heartland

Following a strategic review, Challenger has decided to sell its banking arm. Challenger has signed a share sale agreement with New Zealand’s ...

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‘Milestone’ super fund data unveiled

For the first time, APRA has published data on the number and types of products and investment options available in the super industry. New data ...

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Recession or slowdown ‘a price worth paying’ for central banks

A global asset manager has predicted that most developed economies will experience a recession over the next year as central banks continue tackling ...

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Jobless rate holds steady at 3.5%

The Australian Bureau of Statistics has released its latest labour force data. The seasonally adjusted unemployment rate held steady at 3.5 per ...

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Big 4 banks make budget predictions

With Labor’s first budget only days away, the major banks have all released previews of what to expect. The Labor government will hand down its ...

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Super fund appoints new head of financial advice

UniSuper has appointed Andrew Gregory as the head of financial advice and education in a move to beef up its advice offering. With an extensive ...

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