Australia among best-protected global banking sector: Fidelity

Australia is among the best countries in the world to be protected from the fallout of the global banking crisis, according to Fidelity Australia’s head of investments, Paul Taylor.

A former director from NSW has been charged with dishonest conduct in relation to a financial product or service after obtaining $459,000 from clients for his own benefit.

Whilst Western nations mitigate inflationary pressures, China’s economic recovery will underpin Asia ex-Japan growth, says fund manager Jonathan Wu.

The financial group’s cash at bank on settlement was expected to exceed $45 million in selling 80% of its equities clearing business to New Quantum.

Lonsec has integrated its Lonsec Investment Solutions business with Implemented Portfolios Limited’s managed account solutions to offer a broader suite of investment options.

Former RBA governor Robert Johnston, who held the post for seven years, has died.

Dealer groups that win the adviser relationship will be those that place digital at the centre of their adviser value proposition, according to Midwinter.