Planners on notice

Almost a third of consumers and half of small business owners are considering either changing their current financial planner or ceasing to use one altogether, according to new research. Respondents to the…

ASIC licensing and banning powers beefed up

Recommendations of the 2016 ASIC Enforcement Review Taskforce that the regulator’s powers be strengthened have finally been put into legislation, with the passage of a bill last week that strengthens ASIC’s licensing…

People: Braintree head moves to payments hopeful

Payments processing company Monoova (formerly MoneyTech Payments) has hired Tyson Hackwood to be its head of growth. Hackwood joins from PayPal’s Braintree, where he was head of Asia Pacific. At Monoova he…

The rise of renters by choice

The private rental sector has expanded at more than twice the rate of the increase in Australian households in the last two decades. This increasingly diverse form of tenure now houses about…

SuperAA morphs into Seamless SMSF

The self-managed super fund (SMSF) administration and audit firm Superannuation Advisors Australia – known as “SuperAA” is changing its name to Seamless SMSF to better reflect its service delivery and product suite.…

ACCC spells out Open Banking rules

Consumers will have an online “consumer dashboard” to allow them to manage their data consents when the Consumer Data Right in banking kicks off in July. Details of the dashboard are included…

Today’s Best Videos 

FSC revamps conference, adds virtual discussion

The Financial Services Council today announced it would be hosting a five-week “virtual conference” in the lead-up to a revamped annual gathering, which it has called the ‘Leaders Summit’, to be held in Melbourne July 20-21…

OneVue to merge with bookies’ fund trustee Diversa

OneVue has reached agreement to merge with the listed superannuation administrator, fund manager and trustee company Diversa Ltd in a deal which values the combined ..

Peer-to-peer lending giving banks a welcome shake-up

Markets tend to move in consistent cycles over the years. Experienced investors know booms follow busts and inevitably markets overshoot in either direction. Some would argue the same applies to our attitude to risk…

‘Active’ ETFs a new challenge for managed funds

Exchange-traded funds have become popular with investors due to their simple structure and comparatively low cost. …

AMG buys into Winton, four other alternative managers

Affiliated Managers Group has bought minority interests in five international alternatives firms, including Winton Capital, the global quant manager which opened a Sydney office in 2014 to service Australian retail and institutional clients…

‘Sandbox’ an option from ASIC for fintech innovators

Experimental fintech firms would get a regulatory leg-up under proposals floated by ASIC last week. Certain fintech firms will get a six-month licence-free period to work with…

Appointments: Former Fairfax exec to run FinTech Australia

Danielle Szetho has been appointed chief executive of FinTech Australia, the recently formed fintech industry association…