New FAAA members to dominate FAR; Challenger sells real estate business

If all FPA/AFA members join, over half of the Financial Advisers Register could be members of the new FAAA and the organisation will have to work to meet the needs of the various different licensees.

Challenger has announced it will sell its Australian real estate business, CRE, to Elanor Investors Group for $42 million.

The Reserve Bank of Australia remains open to further rate tightening amid speculation of an end to the cycle.

Vanguard has cut fees on its Australian fixed income ETF as Australian bonds post their highest quarterly return in a decade.

SG Hiscock has announced management changes to the abrdn Australian Equity funds following the announcement of a strategic partnership between the two firms.

Senior economist Diana Mousina has been promoted to the role of deputy chief economist, working alongside Shane Oliver.

With market volatility and interest rates keeping investors on their toes, equity managers say they’re keeping a close eye on how the asset class performs over the next 12 months.