ASIC believes there is a “chicken and egg” situation when it comes to product development under the Retirement Income Covenant as super funds and firms are unsure if products will see sufficient uptake.

The government’s response to the Quality of Advice Review has been ranked by Ensombl as the number one issue discussed among financial advisers, with advisers keen for more stability and speedy implementation.

Three directors connected to the collapse of managed investment scheme Sterling Income Trust have been charged with multiple criminal charges, four years after its collapse.

A fourth financial services licensee has been pulled up in less than a month relating to financial reporting, as ASIC chair Joe Longo updates on the corporate regulator’s enforcement action at the end of Q3.

Count’s acquisition of Diverger is expected to complete by the end of February 2024, CEO Hugh Humphrey has told Money Management, despite a last-minute rival bid from COG Financial Services.

PM Capital has agreed to an acquisition by Regal Partners for an upfront consideration of $20 million as founder and chief investment officer, Paul Moore, seeks to focus more on investing activity.

First Sentier Investors has appointed a new chief operating officer, who departs from Perpetual as the investment manager appoints a replacement.

Cash ETFs are attracting high inflows as investors flock towards liquidity and defensive strategies in their investment portfolios, driven by structurally high inflation and market uncertainty.