Morgan Stanley has joined Jefferies in being named as one of the banks that advised investors who have lost up to 40 per cent of their money in Carl Icahn’s NASDAQ-listed conglomerate.

Monthly complaints have fallen, but they could rise again by opening the scope of advice to other providers, according to AFCA lead ombudsman for investments and advice Shail Singh.

Australians like to believe property values double every 10 years. It doesn’t — and the next decade could see annual growth rates of around 3 per cent as we navigate a new era of structural inflation.

The insurer has appointed Craig Dainton, former director of strategic projects and deputy chief financial officer at AMP, as general manager of customer and adviser operations.

AZ NGA has announced a strategic partnership with Rose Partners, a Melbourne-based accounting and advisory business with a high-net-worth and healthcare professional client base.

BlackRock Australia has announced the appointment of Jonathan Jenkins as head of client business in Victoria, Tasmania, South Australia, and Western Australia.

While many welcomed Treasurer Jim Chalmers’ second budget with its $14.6 billion cost-of-living plan, some industry professionals are concerned with what was left out.