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Azimut’s AZ NGA acquires Dunsford Financial Planning in Australia

By: Ridhima Sharma | 17 Nov 2017

AZ Next Generation Advisory (AZ NGA), the Australian subsidiary of Italian group Azimut, has signed an agreement for the full acquisition of Dunsford Financial Planning (DFP), based…

Australia and UK ‘on verge of’ inking new fintech deal

By: Eugene Costello | 12 Nov 2017

Australia and the UK are “are in the process of concluding negotiations on fintech” that will lead to greater cooperation between the countries in this fast-growing sector,…

Australian commissioner urges UK to show optimism and ambition over Brexit

By: Eugene Costello | 12 Nov 2017

If the UK approaches Brexit with optimism and ambition, it has a bright future based on free trade with like-minded countries around the world to which to…

Australia’s PictureWealth seeks financial advisory clients for its ‘welfie’-taking personal finance app

By: Helen Burggraf | 07 Nov 2017

An Australian start-up is setting out its stall to market an app to the international financial advisory community that it says will help its members to help…

‘Panama Papers 2’ as Australian tax office explores links to Bermuda law firm Appleby

By: Eugene Costello | 01 Nov 2017

The Australian Taxation Office (ATO) has talked of bracing itself for what may be a “second Panama Papers-style leak”, after learning that the International Consortium of Investigative…

Australia turns up heat on best interests duty violators with A$1m penalty

By: Helen Burggraf | 30 Oct 2017

An Australian court has imposed a civil penalty of A$1m (US$766,000, £582,000) against a Melbourne-based advisory business for “breaches of the best interests duty”, in the latest…

Australia’s FPA welcomes FASEA degree framework plans

By: Ridhima Sharma | 30 Oct 2017

The Financial Planning Association of Australia (FPA) has welcomed the Financial Adviser Standards and Ethics Authority (FASEA) announcement that it it is to advance its approval of…

Australian investors heading overseas: report

By: Gary Robinson | 25 Oct 2017

Australian retail investors are moving more and more assets into the international and offshore funds marketplace, according to a new report from Cerulli Associates. The Cerulli report highlighted that…

Australia unveils ‘relaxed’ fintech regs to create ‘sandbox’

By: Helen Burggraf | 24 Oct 2017

The Australian government has published  draft legislation it says is aimed at creating “an enhanced regulatory sandbox” for fintech companies that, among other things, will permit a…

Oz gov’t taskforce recommends higher ASIC penalties

By: Ridhima Sharma | 24 Oct 2017

An Australian government taskforce set up to consider the country’s current penalties regime covering the financial services sector has recommended a substantial increase in the penalties available…

World’s pension systems ‘at risk of creating inter-generational issues’

By: Helen Burggraf | 23 Oct 2017

“Inter-generational equity issues” are among a number of potential dangers facing pension systems around the world, many of which urgently need action taken now if countries are…

Australia’s AMP Capital opens Dubai office to target GCC market

By: Adrien Paredes-Vanheule | 18 Oct 2017

AMP Capital, the Sydney, Australia-based asset manager, has opened a representative office in Dubai’s International Financial Centre, to target the Gulf investment market. The outpost is being…

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