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MM Newsletter
23 May 2024
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Latest News
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Financial planning
RI Advice flagged as cautionary cyber
security tale

ASIC has flagged the 2022 case of RI Advice as an example of the need for cyber security measures within a financial services firm as chair Joe Longo warns a cyber attack “is almost inevitable”.

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Financial planning
Former adviser banned for multiple breaches

A former financial adviser has been banned by ASIC from providing financial services for inappropriate advice, among multiple breaches.

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Financial planning
CFS passes $1bn on Edge platform

Colonial First State has reached $1 billion in funds under administration on its Edge platform, having launched last August.

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Funds management
Russell Investments appoints APAC head

Russell Investments has appointed a new head of Asia-Pacific, six months after appointing Pete Gunning to the role.

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Financial planning
ASIC issues guidance for licensees on experience pathway

ASIC has issued information for AFS licensees clarifying what they need to do if their adviser wishes to access the experience pathway.

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Funds management
Pengana surpasses $100m with global private credit IPO

Pengana Capital Group has exceeded the minimum subscription on its Pengana Global Private Credit Trust IPO, two days after launching.

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Expert Analysis
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Expert Analysis
The reasons to allocate to gold in portfolios

There are multiple reasons for advisers to consider an allocation to gold when building client portfolios beyond its diversification purposes, writes Jean-Baptiste Berthon.

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