The Federal government has today announced that it will be commissioning an independent review of the retirement income system.
Analysts have warned that the royal commission final report will be “highly critical” of troubled wealth giant AMP and expect its recommendations to negatively impact the group’s vertically integrated business.
The Treasurer has today confirmed that the royal commission final report will not be released on 1 February.
The royal commission final report is likely to further damage IOOF’s chances of acquiring ANZ’s OnePath business and recommend sweeping changes to the wealth management industry.
UBS has warned that the proportion of home loan applications containing inaccuracies has increased, despite the introduction of tighter credit conditions in response to the banking royal commission.
The world’s largest life insurers and their subsidiaries are starting to work collaboratively and across borders to deliver funds and products designed for a new era.
HSBC Global Asset Management and First State Super have entered into a global equities partnership.
Platform providers, advice groups and aligned wealth managers are set to share their views on whether in-house conflicts can be managed effectively.
A large number of institutional investors from the Asia-Pacific region are making significant changes to their asset allocation plans as their economic forecasts turn bearish.
The head of one of Australia’s largest wealth management companies will step down from his role of managing director immediately after a decade with the ASX-listed group.
A financial technology and infrastructure company has announced plans to acquire an Australian corporate trust business for $51.6 million.
The listed financial services group has today named its acting chairman and chief executive officer after APRA commenced disqualification proceedings against the group’s executives last week.
IOOF subsidiary Bridges Financial Services has entered into a strategic partnership with Bendigo and Adelaide Bank with respect to advice servicing rights of Bendigo Financial Planning Ltd’s clients.
IRESS has announced its acquisition of an international market data provider, which will continue to be operated by its founder and CEO within the IRESS group.
A global law firm has warned financial services companies eager to go public to address potentially conflicted remuneration and consider how a commission-free business model will impact profits.
ASX-listed Link Group will offload its corporate services arm to UK-based Apex Group for approximately $450 million after meeting all regulatory approvals.
Link Administration Holdings Limited has entered into a binding agreement to sell part of its UK division to a global fund administrator for approximately $450 million.
Moelis Australia has posted record earnings for FY18, more than doubling its asset management EBITDA to $52.5 million from $23.4 million in FY17.
Moelis Australia will cease to be foreign company nor require FIRB approval on acquisitions after its NYSE-listed parent company reduced its holding to 19.98 per cent.
MyState Limited announced today that it has entered into a sale agreement with Fiducian Group Limited for the acquisition of MyState’s retail financial planning business in Tasmania.
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