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03 June 2021 • By Neil Griffiths • 1 min read

Mercer hits record high of US$380bn global AUM

Mercer has this week reported its global AUM has reached US$380 billion, which is a new high for the asset management firm. On the local front, the ...

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US investment advisers to launch private client group in Australia

Fisher Investments has announced it will be launching a private client group in Australia. The US-founded independent adviser will offer investment ...

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AFG announces ‘strategic alliance’ with neobank Volt

AFG has announced a new “strategic alliance” with local neobank, Volt. The partnership sets out a $15 million investment and provides the mortgage ...

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New ASIC chair ‘concerned’ about regulatory burden on advice sector

New ASIC chair Joe Longo has confirmed looking into the regulatory and cost burdens of the financial advice sector will be one of his priorities

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Government reforms risk ‘compromising the independence’ of proxy advisers

Global asset manager Dimensional says the government’s reforms on proxy advice threaten adviser independence in a submission to Treasury this week

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RBA makes last cash rate call for this financial year

The Reserve Bank of Australia has made its last call on the official cash rate for this financial year. As widely predicted, the RBA has held the ...

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‘Surprising and disappointing’: Greater innovation needed in retirement strategies

Those nearing retirement ages are being hindered by a lack of innovation on the types of products available, according to Zenith Investment Partners ...

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ASIC bans Global Merces Funds Management director

ASIC has issued a six-month ban to Holly Marie Grofski, director of Global Merces Funds Management Ltd (Global Merces). The ban “prohibits Ms ...

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Investor confidence increases to largest margin of 2021

Investor confidence is at a record high for 2021, according to State Street. The results of the local servicers’ Investor Confidence Index (ICI) ...

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New report gives insight into ‘blind spots’ of climate finance

A new report released this week has given insight into the “blind spots” of climate finance where uncertainty persists for investors

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