FSC and SIAA buck call for changes to sophisticated investor test; ASIC IDR reporting kicks in for AFSLs

The FSC and SIAA have recommended against major changes to the income or product values for the sophisticated investor test, despite a spike in eligible investors, as they believe the limits are already sufficiently high.

Hundreds of AFSLs with retail authorisation must now report internal dispute resolution to ASIC by 29 February as the final tranche of the regime’s implementation kicks in, even if they have faced no action.

Find out why T. Rowe Price's Randal Jenneke believes Australia is well-positioned for the new global investment regime with good long-term opportunities.

Two fund managers have identified artificial intelligence and machine learning as trends they are embracing for 2024 which could greatly reward the market leaders.

BlackRock has acquired Global Infrastructure Partners in an $18.6 billion deal while a series of people moves has seen head of Australasia, Andrew Landman, promoted to deputy head of Asia Pacific.

The excessive levels of cash held in money market funds is poised to fuel a significant rally in risk assets this year, according to Principal Asset Management, but it will take until the second half of the year to kick in.

With a raft of Treasury consultations announced last year, Money Management examines their progress through Parliament and which could pass this year.