ASIC slammed by Senate committee for undermining inquiry; BT CEO on firm’s next plans for platform business

ASIC has been called out by the Senate economics reference committee for undermining the process of an inquiry into its investigation and enforcement actions by submitting numerous public interest immunity claims.

BT chief executive, Matt Rady, has shared with Money Management what the firm plans to do with its platform business after it concluded its sales process this week.

A financial adviser has been found guilty by the District Court of Western Australia of stealing from clients.

Taking place tonight, the 2023 Fund Manager of the Year Awards will crown this year’s Innovation Award of the Year to the most innovative financial services firm.

The Australian Law Reform Commission has appointed a new president, six months after the departure of Justice Sarah Derrington in January.

New analysis by the Association of Superannuation Funds of Australia has looked into which Australian states have the biggest, and smallest, average superannuation balances.

A move to regulate buy now, pay later providers could have wide-ranging implications and change the investment case for holding them in fund portfolios, write Ursula Noye and Jesse Vermiglio.